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Listing 3 out of 171
$460,000 For Sale

620 Lovers Lane
Greeneville, TN 37743

7 units | Multi Family Home
1.66 acres - MLS# 416400
Property Photo
1/27

Description

DO YOU WANT A PROPERTY THAT MADE $52, 000 LAST YEAR? GREAT INCOME OPPORTUNITY! TOTAL REBUILD! Custom designed 6-unit apartment building (4, 143 sq ft total) with storage units (approx 500 sq ft each) and separate rebuilt mobile home (658 sq ft)! Just minutes from shopping, dining and entertainment, yet still offers a peaceful country setting! With both Tusculum College and Walters State Community College campuses in town, as well as the young professionals being drawn to the area by industries such as John Deere, HUF North America, SRK, US Nitrogen and Walmart Logistics which are also within a short driving distance, the rental pool is truly abundant. The property has been totally remodeled including new: water lines, septic, washer/dryer hookups, electrical heat pump with warranty, metal roof, sidewalks, decking, windows, flooring, appliances and all interiors. Bathrooms have oversized tile showers and door knobs even have safety mechanisms that lock automatically in case tenants forget when leaving home! Five of the units are 1 BR/1BA and the back unit is 2 BR/1BA. The mobile home is 2BR/1BA with a back deck overlooking the spring-fed creek. Three entrances, plenty of parking and picnic tables by the creek make this complex a dream for renters! Information is deemed reliable, but not guaranteed. Buyer/Buyers' Agent to verify all details.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Greene County
  • Zip Code: 37743
  • Year Built: 1979
  • Elementary School: Mosheim
  • Middle School: Mosheim
  • High School: West Greene
  • Style: 1 Story
  • Stories: 1 Story
  • Units: 7 units
  • Lot Size: 1.66 acres
  • Zoning: Commercial
  • Air: Heat Pump
  • Annual Vacancy Factor: 100
  • Building 1 Units: 6
  • Building 2 Units: 1
  • Buildings Total: 2
  • Exterior Finish: Vinyl
  • Flooring: Ceramic, Laminate
  • Heating: Heat Pump
  • Lot Description: Creek/Stream, Level
  • Lot Dimensions: 72, 309 sq ft
  • Multifamily Property Type: Apt. Complex
  • Parking Facilities: Parking Spaces
  • Porch Patio And Deck: Deck
  • Roof: Metal
  • Tax Town / County: 941.79
  • Unit 1 SqFt: 4143
  • Unit 2 SqFt: 658
  • Walls: Drywall
  • Water And Sewer: Sewer-Septic, Water-Public
Courtesy of KW JOHNSON CITY

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Gordon Newman
Greeneville, TN 37745
Phone: 423-335-6133
gordon.newman@century21.com

 

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