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$449,700 For Sale

107-109 West G Street
Elizabethton, TN 37643

8 units | Multi Family Home
0.66 acres - MLS# 402485
Property Photo
1/27

Description

Great investment at a good price! Very rare opportunity to own a stately eight (8) unit apartment complex with high occupancy rate. The property features two (2) gray brick colonial style buildings with four (4) units in each building. All eight (8) apartments are 2 bedrooms, 1 bath units (+/- 1040 sq. ft.) with central heat and air. The apartments are sheetrock throughout and the floors are carpet and vinyl. Each unit includes a range, refrigerator, dish washer, heat pump, hot water heater, breaker panels and washer-dryer hookups which are conveniently located in each unusually large kitchen. Each bathroom has double sink vanities and full-size tub/showers. One building has a new 30-year shingle roof. The other building has four (4) full garages beneath the apartments. Off street parking is available for all apartments. All units are fully occupied and produce over $54, 000.00 per year in gross rental income. The Tenants pay for their own electric. The Owner pays for the water. Located in the first block of West âGâ Street in Elizabethton, these apartments are in a great location and rent easy.

Features

  • Air: Ceiling Fan, Central, Heat Pump
  • Appliances Included: Dishwasher, Range-Electric, Range-Gas, Refrigerator, Washer/Dryer Hookup
  • Basement: Block Wall, Crawl Space, Garage Door, Workshop
  • Building 1 Units: 4
  • Building 2 Units: 4
  • Buildings Total: 2
  • County/Area: Carter County
  • Easements: Gas Line, Power Line
  • Elementary School: West Side
  • Expenses Include: All Utilities, Lawn Maint., Repairs And Maint., Water/Sewer
  • Exterior Finish: Brick
  • ExteriorFeatures: Driveway-Asphalt, Fence-Privacy, Landscaped, Window-Insulated
  • Flooring: Carpet, Vinyl
  • Garage: 3+ Car Drive Under
  • Gross Income: 54000
  • High School: Elizabethton
  • Interior Features: Cable Available, Counters-Laminate
  • Listing Status: Active
  • Lot Dimensions: 189.6 x 152 IRR
  • Lot Size: 0.6600
  • Middle School: T A Dugger
  • Multifamily Property Type: Apt. Complex
  • Property Type: Multi Family Home
  • Roof: Composition Shingle
  • Stories: 2
  • Style: 2 Story, Colonial
  • Sub Type: Multi Family Home
  • Tax Amount: 3169.73
  • Tax Town / County: 4373.88
  • Unit 1 Baths: 4
  • Unit 1 Bedrooms: 8
  • Unit 1 Rooms: 16
  • Unit 1 SqFt: 4154
  • Unit 2 Baths: 4
  • Unit 2 Bedrooms: 8
  • Unit 2 Rooms: 16
  • Unit 2 SqFt: 4154
  • Units: 8
  • Walls: Drywall
  • Water And Sewer: Sewer-Public, Water-Public
  • Year Built: 1972
  • Zip Code: 37643
  • Zoning: R-3

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