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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.

PROPERTY FEATURES

Parking Features: On Premise Parking
Exterior Features: Windows - Aluminum, Balcony
Cooling: Central Cooling Heating : Central, Electric
Construction Materials: Frame, Other
Appliances : Refrigerator Flooring : Laminate, Carpet, Tile

PROPERTY DETAILS

Street Address: 3600/3610 Maynardville Hwy
City: Maynardville
State: Tennessee
Postal Code: 37807
MLS Number: 1245217
Year Built: 1989
Courtesy of Sexton Real Estate Services, Inc.

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