Address
360 Sneed Hill Road Elizabethton, TN
Price
$ 425,000
Property Attributes
  • MLS#9926818
  • TypeContingent
  • CountyCARTER
  • CityElizabethton
  • Zip37643
  • Style2 Story,Townhouse
  • Year Built1978
  • Taxes$ 2765
  • Price$ 425,000
  • Bedrooms10
  • Full Bathrooms10
  • Half Bathrooms0
  • Lot Size1.5 Acres
Listing Provided Courtesy Of:
REMAX CHECKMATE, INC. REALTORS
Data Source:
Tennessee Virginia Regional MLS (NETAR) - 156 - TN
Property Description

Passive income investment property with low rents and future incomepotential. Currently 100% occupied, and vacancies last only a few days. tenunits are up and down townhomes in three seperate buildings on 1.5 acres,2 bedroom, 1 bath homes. Cap rate with no management company currentlylisted at 8.34% for 2021 numbers, and a projected net operating income of$35,465. Rents can be raised approximately $100-$200 per unit.9 out of 10 units have been renovated since 2017, and capital expenditureshave been paid for electrical power panel, plumbing drainage lines, andbase board heaters replaced in 2017.Most leases are now month to month.Tenant pays electrical (other than basement meter), and Landlord payswater and trash. Units do not have washer dryer hook up; A/C provided bytenants via window units.

Elementary School Middle School High School
Happy Valley Elementary School Happy Valley Middle School Happy Valley High School
Price History
8/9/2021 Listed $425,000

General Features

Appliances Range, Refrigerator
Construction Site Built
Financing Cash, Conventional
Heating Baseboard, Electric
Number of Buildings 3
Number of Units 10.00
Property Condition Average
Property SubType Multi-Family
Property Type D
Roof Architect Shingle
Sewer Septic Tank
Water Public
Zoning R

Interior Features

Interior Features Remodeled
Total Units 10

Exterior Features

Exterior Finish Brick, Vinyl Siding
Lot Dimensions 65340
Other Structures Storage
Parking Features Asphalt
Porch/patio/deck Deck, Rear Porch
Topography/lot Description Sloped

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 37643

Price
AVG $2.95M
$430K
Taxes
AVG $10,326
$2,765
Visits
AVG 731
25
Year Built
AVG 1971
1978