$1,200,000
Morristown, TN 37814
MLS# 1260178
Status: Closed
20206 sqft
1 / 14
Property 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.
Details
Location, Tax & Legal Info
Area: Hamblen County - 38
Community: Alpha
City/County Code: City Limits
Elementary School: Alpha
Middle School: West View
Total Tax: 8150.27
High School: Morristown West
Contract Info
Auction Y/N: No
Listing Price: 2500000
Current Price: $1,200,000
Status: Closed
Listing Date: 2024-04-18
General Property Description
Lot Dimensions: 204 X 271
Lot Size SqFt: 132858
# Units Leased: 16
Restrictions: No
Utilities/Mo Avg: 750
Property Status: N/A
Driveway: Blacktop
SqFt - Total (Aprox): 20206
Number of Units: 16
Year Built: 1977
Remarks & Misc
Directions: On West Andrew Johnson across the highway form Morristown Chevrolet, on the corner of Panda.
Public Remarks: 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.
Income/Expenses
Gross Annual Income: 166800
Property Sub-Type
Apartment: 1
Construction
Frame - Brick: 1
Type of Units
1 Bedroom Unit: 1
2 Bedroom Unit: 1
Unfurnished: 1
Siding
Brick: 1
Sale Includes
Building and Land: 1
Some Furnishings: 1
Miscellaneous
Coin Laundry: 1
Porch: 1
TV Cable Available: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Vinyl: 1
Garage/Parking
Off-Street Parking: 1
On Premise Parking: 1
Tenant Expenses
Cooling: 1
Electricity: 1
Gas: 1
Heating: 1
Owner Expenses
Gas: 1
Water: 1
Fuel
Electric: 1
Gas (Natural): 1
Heat
Central: 1
Forced Air: 1
Other Rooms
Bedroom Main Level: 1
Breakfast Room: 1
Mstr Bdrm Main Level: 1
Roof
Metal: 1
Exterior Features
Porch - Covered: 1
Windows - Aluminum: 1
Windows - Dble Pane: 1
Misc Features
Internet Available: 1
Walk-In Closet(s): 1
New Financing
Cash: 1
New Loan: 1
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
Geo Lat: 36.18264
Geo Lon: -83.378969
Status Change Info
Status Change Date: 2024-10-03
Under Contract Date: 2024-08-24
Sold Date: 2024-09-30
Sold Price: $1,200,000
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
Office Phone: 423-586-6653
Last Updated: October - 03 - 2024
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.