1426 Mountain Ranch Road Rd, Newport, TN 37821

$489,500
Property Type: Multi-Family Status: Closed
Current Price: $489,500 List Date: 11/13/2015 Last Modified: 9/28/2021

Overview

Description

This property is being sold at absolute auction Thursday, December 10th at 12 noon. Two story building with 8 apartments, separate office building with open reception area, stone fireplace, office, 2 1/2 baths. All situated on 9.41 acres. A resort like setting with paved walking trail, drive and parking areas. Each unit has refrigerator,stove, dishwasher, central heat and air. rent ranges from $550 to $700 a month with a potential income of $65,000 annually.

Listing Details MLS# 946182

Location Tax Legal Info

House #
1426
Street Name
Mountain Ranch Road
St Suffix
Rd
State/Province
TN
Zip Code
37821
PIN #
10.05

Contract Info

Auction Y/N
Yes

General Property Description

Lot Dimensions
509x769x481xirr
Number of Units
9
Year Built
1987
Property Status
N/A
Restrictions
Yes
Driveway
paved

Status Change Info

Status Change Date
2016-02-09
Under Contract Date
2015-12-10
Sold Date
2015-12-10

Auction

Bidder Must Qualify
Yes
Buyers Premium
Yes
Buyers Premium %
10
Remote Bidding
Yes
Real Estate Only
Yes
RE & Personal Prop
No
Auction Date
2015-12-10
Auction Location
onsite
Auction Time
12:00 pm
Open for Inspection Date
2015-12-10

Roof

Roof Info
shingles

More Information

Property Features

Property Sub-Type: Other Type of Units: 2 Bedroom Unit; 3 or more Bdrm Units Sale Includes: Building and Land Floors: Carpet; Vinyl Fuel: None Heat: Central Cooling: Central Cooling Appliances: Range; Refrigerator Construction: Frame - Brick Other Rooms: Other New Financing: Cash; Conventional
IDX
Listing Office: Broyles Real Estate & Auction
Last Updated: September - 28 - 2021
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