3600-3610 Maynardville Highway
3600-3610 Maynardville Highway
Maynardville, TN 37807
$2,300,000
Price
—
Beds
15,000 Sq. Ft.
$153 / Sq. Ft.
15,000
Sq. Ft.
$153
per Sq. Ft.
Description
INCOME PRODUCING/INVESTMENT OPPORTUNITY... 22 Unites Total, with twenty-one being 2-bedroom/1 Bath and one being 1-bedroom/1-bath. The latest 2/1 was rented at $1,200 per month. Owner has recently renovated 15 out of the 22 units. All renovated units have been released at higher monthly rates, increasing overall cashflow and value of the investment under new ownership. Current rental income per year is $230,000.00, with potential increases projected to be more than $270,000.00, as evidence from the...INCOME PRODUCING/INVESTMENT OPPORTUNITY... 22 Unites Total, with twenty-one being 2-bedroom/1 Bath and one being 1-bedroom/1-bath. The latest 2/1 was rented at $1,200 per month. Owner has recently renovated 15 out of the 22 units. All renovated units have been released at higher monthly rates, increasing overall cashflow and value of the investment under new ownership. Current rental income per year is $230,000.00, with potential increases projected to be more than $270,000.00, as evidence from the new renovation leases and overall property improvements. Currently, all units are rented except for one undergoing renovation. All Units are comprised within two separate buildings. Renovations made to date include the following updates: new light fixtures, new countertops and backsplashes, repainting interiors, new flooring, black metal accents, and changing the exterior color scheme by fully repainting & repairing the siding where necessary. Unit Expenses - Tenants cover their own electricity costs. Water, pest control and trash expenses, are passed through form Owner to each Tenant at a prorated share. Conveniently located with easy access to Maynardville Hwy, this property is just 20 min to Fountain City and centrally situated in Maynardville, providing easy access to schools, stores, and local dining options.
- Listed by Ivann Garcia • Sexton Real Estate Services, Inc.
- Listed by Ashley Sexton • Sexton Real Estate Services, Inc.
Amenities
- Air Conditioning
- Parking Included
- Private Outdoor Space
- Washer / Dryer in Unit
Location
Listing Courtesy of Sexton Real Estate Services, Inc., Ivann Garcia; Sexton Real Estate Services, Inc., Ashley Sexton (865.300.4300)
Add your commute
LISTING UPDATED: 05/05/2024 04:15 PM
Property Details for 3600-3610 Maynardville Highway
| Status | Active |
|---|---|
| MLS # | 1245217 |
| Days on Market | 180 |
| Taxes | $5,061 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1989 |
| Lot Size | 0.00 AC / 0 SF |
| County | Union County |
Location
Listing Courtesy of Sexton Real Estate Services, Inc., Ivann Garcia; Sexton Real Estate Services, Inc., Ashley Sexton (865.300.4300)
Add your commute
Building Information for 3600-3610 Maynardville Highway
Stories-Residences22Year Built1989Building Size-Lot Size0.00 AC / 0 SF
Payment Calculator
$12,974 per month
30 year fixed, 7.25% Interest
Principal and Interest
$12,552
Property Taxes
$422
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 3600-3610 Maynardville Highway
Summary
Location and General Information
- City: Maynardville
- County Or Parish: Union County - 25
- Directions: From Knoxville: Take Exit 6 on I-640E onto Old Broadway and make a right.Turn Left onto Broadway. Continue onto Maynardville Hwy. Turn right on Main st. Apartments are on the left.
- Latitude: 36.244012
- Longitude: -83.810707
- MLS Area Major: Union County - 25
- MLS Area Minor: Union County - 25
- Postal Code: 37807
- State Or Province: TN
- Location Tax Legal Info Area: Union County - 25
- Remarks Misc Directions: From Knoxville: Take Exit 6 on I-640E onto Old Broadway and make a right.Turn Left onto Broadway. Continue onto Maynardville Hwy. Turn right on Main st. Apartments are on the left.
Parking
- Attached Garage: No
- Parking Features: On Premise Parking
- General Property Description Driveway: Paved
- Garage Parking On Premise Parking: True
School Information
- Elementary School: Maynardville
- High School: Union County
- Middle Or Junior School: Maynardville
- Location Tax Legal Info Elementary School: Maynardville
- Location Tax Legal Info Middle School: Maynardville
- Location Tax Legal Info High School: Union County
Taxes and HOA Information
- Association Fee: 0.0
- Parcel Number: 058P B 004.00
- Owner Expenses Taxes: True
- Location Tax Legal Info Total Tax: 5060.57
Virtual Tour
- Virtual Tours Count: 0
Property
Lot Information
- Lot Size Area: 0.0
- Lot Size Square Feet: 0.0
- Year Built: 1989
- Building Area Total: 15000.0
- Living Area Source: Tax Records
- Lot Size Acres: 0.0
- Lot Size Dimensions: 241x273
- General Property Description SqFt - Source: Tax Records
- General Property Description Lot Dimensions: 241x273
Property and Assessments
- Possession: At Closing
- Property Type Label: Multi-Family
- Floor Plans Count: 0
- Property Type: Multi-Family
- Possession At Closing: True
Utilities
- General Property Description UtilitiesMo Avg: 1300.0
- Fuel Electric: True
- Misc Features Internet Available: True
- Miscellaneous WasherDryer Cnctns: True
Interior and Exterior Features
Exterior Features
- Exterior Features: Windows - Aluminum, Balcony
- Construction Materials: Frame, Other
- Siding Other: True
- Exterior Features Balcony: True
- Exterior Features Windows - Aluminum: True
- Miscellaneous Balcony: True
- Miscellaneous Cabana: True
Interior Features
- Bathrooms Total Integer: 0
- Cooling Details: Yes
- Kitchen Appliances: Refrigerator
- Flooring: Laminate, Carpet, Tile
- Heating: Yes
- Cooling Central Cooling: True
- Floors Carpet: True
- Floors Laminate: True
- Floors Tile: True
- Heat Central: True
- Appliances Range: True
- Appliances Refrigerator: True
- Other Rooms Other: True
- Roof Asphalt: True
- Misc Features WasherDryer Connect: True
Multi Family
Multi-Family Information
- Number Of Units Total: 22
- Type of Units 1 Bedroom Unit: True
- Type of Units 2 Bedroom Unit: True
Rental
Rent Information
- General Property Description Number of Units Leased: 22.0
- General Property Description Lease Information: 21 units are 2 Bed/1 Bath 1 unit is 1 Bed/1 Bath
- Tenant Expenses Cooling: Central Cooling
- Tenant Expenses Electricity: True
- Tenant Expenses Heating: Central,Electric
- Tenant Expenses WaterSewer: True
Property History for 3600-3610 Maynardville Highway
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 3600-3610 Maynardville Highway
This home is within Union County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Charter - | K to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 10 |
Rating | School | Distance |
|---|---|---|
Tennessee Virtual Academy CharterK to 8 | ||
H Maynard Middle School Public6 to 8 | ||
Union County High School Public9 to 12 | ||
Tennessee Virtual High School Public9 to 10 |
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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Sexton Real Estate Services, Inc., Ivann Garcia; Sexton Real Estate Services, Inc., Ashley Sexton (865.300.4300)
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 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 05/05/2024 04:15 PM