8160 Rutledge Pike
Description
1 bed/1 bath $375/month
1 bed/1 bath $400/month
1 bed/1 bath $375/month
2 bed 2 bath $475/month
2 bed/ 2 bath $500/month
2 bed/ 1 bath $475/month
2 bed/ 1 bath $500/month
TOTAL: $3100 / month $37,200 per year
EXPENSES:
Insurance $2900/year
Taxes $1882/year
Water $180/year
Electric $1800/year
Lawn Care $650/year
Pest Control $300/year
Maintenance $2400/year
TOTAL $10,112/YEAR
NET INCOME: $27,088
Cap Rate of 13.5%
Some units do have pets and they are charged an additional amount, normally $25 extra per month for every 2 pets. The electric bill covers the expense of electric in basement and security lights inside and outside the building. Owners will have electric cut on in individual units when improving.
- Listed by Amy Shrader • REMAX Real Estate Ten of Morristown
Property Details for 8160 Rutledge Pike
Property Details for 8160 Rutledge Pike
| Status | Closed |
|---|---|
| MLS # | 9902185 |
| Days on Market | 318 |
| Taxes | $1,882 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1924 |
| Lot Size | 0.49 AC / 21,344 SF |
| County | Grainger County |
Location
Building Information for 8160 Rutledge Pike
Payment Calculator
$1,079 per month
30 year fixed, 6.36% Interest
$922
$157
$0
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1Property Information for 8160 Rutledge Pike
- City: Rutledge
- County: Grainger
- Directions: Take Highway 25E North and bear right on Highway 11W South towards Rutledge. 11.5 miles to property on left.
- Latitude: 36.28
- Longitude: -83.51
- Postal Code: 37861
- State Or Province: TN
- MLS Area Major: 205 - Grainger County
- MLS Area Minor: 205 - Grainger County
- General Property Description : Zoning: Commercial
- Association: No
- Parcel Number: 049O C 010.00
- Association Fee: 0.0
- Location Tax Legal Info : Deed Book: 263
- Location Tax Legal Info : Deed Page: 1694
- Location Tax Legal Info : City Taxes: $.00
- Location Tax Legal Info : County Taxes: $1,882.00
- General Property Description : HOA Fee: $.00
- High School: Out Of Area
- Middle Or Junior School: Out Of Area
- Elementary School: Out Of Area
- Attached Garage: No
- Virtual Tour URL Unbranded: https://listings.realbird.com/tour/D3D6A6F2/502869/1-2/8160-Rutledge-Pike-Rutledge-TN-37861
- Lot Size Dimensions: 140 x 210 IRR
- Lot Size Square Feet: 21,344.40
- Lot Size Acres: 0.49
- Lot Features: Level, Cleared
- Lot Size Area: .49
- Lot Size Units: Acres
- Building Area Total: 6,256.00
- Living Area Source: Tax Records
- General Property Description : Acres: .49
- Property Condition: Average
- Property Type: Multi-Family
- Year Built: 1924
- Property Sub Type: Duplex
- Property Type Label: Multi-Family
- New Construction: No
- Construction : Site Built: Yes
- Info Available : Aerial: Yes
- Utilities: Cable Available
- Sewer: Public Sewer
- Water Source: Public
- Electric: True
- # Fireplaces: 0
- Cooling: Central Air, Window Unit(s)
- Foundation Details: Block
- Interior Features: Built-in Features, Eat-in Kitchen, Entrance Foyer, Laminate Counters, Smoke Detector(s), Wired for Data
- Laundry Features: Electric Dryer Hookup, Washer Hookup
- Bathrooms Total Decimal: .00
- Basement: Full, Partially Finished, Walk-Out Access
- Flooring: Vinyl, Carpet, Laminate
- Bathrooms Total Integer: 0
- Bathrooms Total Notational: .00
- Cooling: Yes
- Heating: Yes
- General Property Description : Stories: 2
- Fireplace: No
- Appliances: Electric Range, Refrigerator
- Exterior Features: Balcony
- Construction Materials: Concrete, Vinyl Siding, Plaster
- Parking Features: Gravel, Parking Spaces
- Patio And Porch Features: Covered, Deck, Porch
- Roof: Metal
- Heating : Heat Pump: Electric, Central, Baseboard
- Walls : Drywall: Yes
- Number Of Units Total: 7
- General Property Description : # of Units: 7.00
- General Property Description : Total Units: 7.00
- Income and Expenses : Gross Annual Income: 37200
- Income and Expenses : Vacancy Rate: 10
- Operating Expense Includes: Lawn Maint, Repairs and Maint, Taxes Real Estate
- Unit 1 : # Units: 7
- Unit 1 : # Bathrooms: 9.0
- Unit 1 : # Bedrooms: 11
- Unit 1 : SqFt: 6256
- Unit 1 : Monthly Rent: 3100
- Unit 2 : # Units: 0
- Unit 3 : # Units: 0
- Unit 4 : # Units: 0
Property History for 8160 Rutledge Pike
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Sep 30, 2020 | Closed (Public Record) Public Record #680667308 | $185,000 | +2.6% / yr |
| Sep 30, 2020 | Closed Tennessee Virginia Regional MLS #9902185 | $185,000 | — |
| Sep 30, 2020 | Closed KAARMLS #1101045 | $185,000 | — |
| Aug 20, 2020 | Contract - Not Showing Tennessee Virginia Regional MLS #9902185 | — | |
| Aug 19, 2020 | Contract - Not Showing KAARMLS #1101045 | — | |
| Feb 18, 2020 | Listed (Active) KAARMLS #1101045 | $199,900 | — |
| Feb 18, 2020 | Listed (Active) Tennessee Virginia Regional MLS #9902185 | $199,900 | — |
| Sep 17, 2018 | Expired KAARMLS #1034416 | — | |
| Sep 17, 2018 | Expired Tennessee Virginia Regional MLS #403881 | $149,900 | — |
| Jun 8, 2018 | Listed (Active) KAARMLS #1034416 | $149,900 | — |
| Mar 19, 2018 | Listed (Active) Tennessee Virginia Regional MLS #403881 | $149,900 | — |
| Apr 15, 2005 | Closed (Public Record) Public Record #464752531 | $125,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 09/30/2020 | Closed (Public Record) Public Record #680667308 | $185,000 +2.6% / yr |
| 09/30/2020 | Closed Tennessee Virginia Regional MLS #9902185 | $185,000 |
| 09/30/2020 | Closed KAARMLS #1101045 | $185,000 |
| 08/20/2020 | Contract - Not Showing Tennessee Virginia Regional MLS #9902185 | — |
| 08/19/2020 | Contract - Not Showing KAARMLS #1101045 | — |
| 02/18/2020 | Listed (Active) KAARMLS #1101045 | $199,900 |
| 02/18/2020 | Listed (Active) Tennessee Virginia Regional MLS #9902185 | $199,900 |
| 09/17/2018 | Expired KAARMLS #1034416 | — |
| 09/17/2018 | Expired Tennessee Virginia Regional MLS #403881 | $149,900 |
| 06/08/2018 | Listed (Active) KAARMLS #1034416 | $149,900 |
| 03/19/2018 | Listed (Active) Tennessee Virginia Regional MLS #403881 | $149,900 |
| 04/15/2005 | Closed (Public Record) Public Record #464752531 | $125,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 8160 Rutledge Pike
Schools near 8160 Rutledge Pike
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 1 | |||
| Public - | 2 to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Rutledge Primary School PublicPK to 1 | ||
Rutledge Elementary School Public2 to 6 | ||
Rutledge Middle School Public7 to 8 | ||
Grainger High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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| Address | Sold price | Beds | Baths | Sqft | Lot AC |
|---|---|---|---|---|---|
– | – | 1.5 | 3,340 | 36 | |
$38,500 | 3 | 2 | 1,067 | 0 | |
– | – | 2.5 | 4,896 | 48 | |
$175,000 | – | 1.5 | 5,964 | 165 | |
– | – | 0.5 | 630 | 20 | |
– | – | 0.5 | 1,120 | 0.02 | |
– | – | – | 540 | 100 | |
$6,565 | – | 0.5 | 221 | 20 | |
– | – | – | – | 0.87 | |
$192,000 | – | 67 | 1,500 | 30 | |
$250,000 | – | – | 2,600 | 1.07 | |
– | – | 2.5 | 6,860 | 70 | |
– | – | 2 | 1,923 | 80 | |
– | – | 1 | 2,836 | 1.6 | |
$48,000 | 4 | 2 | 2,000 | 3 |
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of REMAX Real Estate Ten of Morristown, Amy Shrader (423.748.8811)
The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 10/02/2023 07:32 PM