5305 W Andrew Johnson Hwy, Morristown, TN 37814

$1,200,000
Property Type: Multi-Family Square Footage: 20,206 Lot Size (sq. ft.): 132,858 Status: Closed
Current Price: $1,200,000 List Date: 4/22/2024 Last Modified: 10/03/2024

Overview

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 rent out the 7833 square foot basement.

Listing Details MLS# 1260178

Location Tax Legal Info

House #
5305
St Dir
W
Street Name
Andrew Johnson
St Suffix
Hwy
State/Province
TN
Zip Code
37814
PIN #
048 018.05
Subdivision
Panther Village

Contract Info

Auction Y/N
No
Listing Price
2500000

General Property Description

SqFt - Total (Aprox)
20206
Lot Dimensions
204 X 271
Lot Size SqFt
132858
Number of Units
16
# Units Leased
16
Utilities/Mo Avg
750
Year Built
1977
Property Status
N/A
Restrictions
No
Driveway
Blacktop

Status Change Info

Status Change Date
2024-10-03
Under Contract Date
2024-08-24
Sold Date
2024-09-30

More Information

Property Features

Property Sub-Type: Apartment Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; Unfurnished Sale Includes: Building and Land; Some Furnishings Floors: Carpet; Vinyl Tenant Expenses: Electricity; Gas Owner Expenses: Gas; Water Fuel: Electric; Gas (Natural) Heat: Central; Forced Air Cooling: Central Cooling Construction: Frame - Brick Roof: Metal Siding: Brick Exterior Features: Porch - Covered; Windows - Aluminum; Windows - Dble Pane Misc Features: Internet Available; Walk-In Closet(s) Other Rooms: Bedroom Main Level; Breakfast Room; Mstr Bdrm Main Level Miscellaneous: Coin Laundry; Porch; TV Cable Available New Financing: Cash; New Loan
IDX
Listing Office: Century 21 Masengill-McCrary
Last Updated: October - 03 - 2024
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