5305 West Andrew Johnson Highway

Morristown, TN 37814

$2,500,000
Price
Beds
20,206 Sq. Ft.
$124 / Sq. Ft.
20,206
Sq. Ft.
$124
per Sq. Ft.

Description

6 bay auto repair shop building with 4 inground lifts, a sleeping room, office and bath with shower, a vacant commercial lot on West Andrew Johnson Highway and 13- 1 bedroom apartments and 1- 2 bedroom apartment with a full basement retained and used by the owner. Total current income is $166,800 annually. Pest Control Contract-$150.00 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300.00 per month with an $80.00 expense for gas. Also, you could...6 bay auto repair shop building with 4 inground lifts, a sleeping room, office and bath with shower, a vacant commercial lot on West Andrew Johnson Highway and 13- 1 bedroom apartments and 1- 2 bedroom apartment with a full basement retained and used by the owner. Total current income is $166,800 annually. Pest Control Contract-$150.00 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300.00 per month with an $80.00 expense for gas. Also, you could rent out the 7833 square foot basement.
  1. Listed by Hix Masengill • Century 21 Masengill-McCrary Realtors

Property Details for 5305 West Andrew Johnson Highway

Sub division Name
Panther Village

Location

Listing Courtesy of Century 21 Masengill-McCrary Realtors, Hix Masengill
Add your commute
LISTING UPDATED: 04/22/2024 02:40 PM

Property Details for 5305 West Andrew Johnson Highway

StatusActive
MLS #1260178
Days on Market23
Taxes$8,150 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1977
Lot Size3.05 AC / 132,858 SF
CountyHamblen County

Location

Listing Courtesy of Century 21 Masengill-McCrary Realtors, Hix Masengill
Add your commute

Building Information for 5305 West Andrew Johnson Highway

Stories-Residences16Year Built1977Building Size-Lot Size3.05 AC / 132,858 SF

Payment Calculator

$14,323 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$679

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5305 West Andrew Johnson Highway

Summary
Location and General Information
  • City: Morristown
  • County Or Parish: Hamblen County - 38
  • Directions: On West Andrew Johnson across the highway form Morristown Chevrolet, on the corner of Panda.
  • Latitude: 36.18264
  • Longitude: -83.378969
  • MLS Area Major: Hamblen County - 38
  • MLS Area Minor: Hamblen County - 38
  • Postal Code: 37814
  • State Or Province: TN
  • Location Tax Legal Info Area: Hamblen County - 38
  • Remarks Misc Directions: On West Andrew Johnson across the highway form Morristown Chevrolet, on the corner of Panda.
Parking
  • Attached Garage: No
  • Parking Features: On Premise Parking, Off-Street Parking
  • General Property Description Driveway: Blacktop
  • Garage Parking Off-Street Parking: True
  • Garage Parking On Premise Parking: True
School Information
  • Elementary School: Alpha
  • High School: Morristown West
  • Middle Or Junior School: West View
  • Location Tax Legal Info Elementary School: Alpha
  • Location Tax Legal Info Middle School: West View
  • Location Tax Legal Info High School: Morristown West
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 048 018.05
  • Location Tax Legal Info Total Tax: 8150.27
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Area: 132858.0
  • Lot Size Units: Square Feet
  • Lot Size Square Feet: 132858.0
  • Year Built: 1977
  • Building Area Total: 20206.0
  • Living Area Source: Tax Records
  • Lot Size Acres: 3.05
  • Lot Size Dimensions: 204 X 271
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Lot Dimensions: 204 X 271
  • General Property Description Lot Size SqFt: 132858.0
Property and Assessments
  • Possession: At Closing
  • Sign On Property: No
  • Property Type Label: Multi-Family
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Possession At Closing: True
Utilities
  • General Property Description UtilitiesMo Avg: 750.0
  • Fuel Electric: True
  • Fuel Gas (Natural): True
  • Misc Features Internet Available: True
  • Miscellaneous TV Cable Available: True
Interior and Exterior Features
Exterior Features
  • Exterior Features: Windows - Dble Pane, Windows - Aluminum, Porch - Covered
  • Construction Materials: Brick
  • Siding Brick: True
  • Exterior Features Porch - Covered: True
  • Exterior Features Windows - Aluminum: True
  • Exterior Features Windows - Dble Pane: True
  • Miscellaneous Coin Laundry: True
  • Miscellaneous Porch: True
Interior Features
  • Bathrooms Total Integer: 0
  • Cooling Details: Yes
  • Flooring: Carpet, Vinyl
  • Heating: Yes
  • Cooling Central Cooling: True
  • Floors Carpet: True
  • Floors Vinyl: True
  • Heat Central: True
  • Heat Forced Air: True
  • Other Rooms Breakfast Room: True
  • Other Rooms Mstr Bdrm Main Level: True
  • Roof Metal: True
  • Misc Features Walk-in Closets: True
Multi Family
Income & Expenses Information
  • Gross Income: $166,800.00
Multi-Family Information
  • Number Of Units Total: 16
  • Type of Units 1 Bedroom Unit: True
  • Type of Units 2 Bedroom Unit: True
  • Type of Units Unfurnished: True
  • Income Expenses Gross Annual Income: 166800.0
Rental
Rent Information
  • General Property Description Number of Units Leased: 16.0
  • General Property Description Restrictions: No
  • Tenant Expenses Cooling: True
  • Tenant Expenses Electricity: True
  • Tenant Expenses Gas: True
  • Tenant Expenses Heating: True

Property History for 5305 West Andrew Johnson Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5305 West Andrew Johnson Highway

Taxable ValueLand$29,560Additions-Total$29,560
Home Facts
Lot Size9,583 SqFtStyleCommercialCountyHAMBLENAPN032048 01805

Schools near 5305 West Andrew Johnson Highway

This home is within Hamblen County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Alpha Elementary School
PublicK to 5

West View Middle School
Public6 to 8

Morristown West High School
Public9 to 12

Hamblen County Alternative School
PublicK 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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5305 West Andrew Johnson Highway is a multi-family home for sale in Morristown, TN 37814. This property was listed for sale on April 22, 2024 by Century 21 Masengill-McCrary Realtors, it's currently listed at $2,500,000. This listing's school district is Hamblen County School District. Nearby schools include Alpha Elementary School, West View Middle School and Morristown West High School. 5305 West Andrew Johnson Highway is a 0-bed, 0-bath, 20,206 sqft multi-family home built in 1977.

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 Century 21 Masengill-McCrary Realtors, Hix Masengill

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: 04/22/2024 02:40 PM