Solid investment opportunity on an 8 unit apartment complex. The property consist of two buildings with 4 units each plus a brick laundry facility which tenants pay an additional fee of $20.00/month per unit to use their own washers and dryers. All 8 apartments are 2 bedroom 1 bath units (850 sq. ft.) with baseboard heat and wall air conditioners. Electric ranges, refrigerators, electric heating and a/c units, hot water heaters and breaker panels are furnished with each apartment and are in good working order. Each unit is individually metered for electric which tenants pay and the owner pays water. All units rent for $435.00 per month except one which rents for $425.00 per month for a total of $3,470.00 per month gross rental and are currently at full occupancy. Located in the Stoney Creek area just past Unaka High School on a large well landscaped lot that is just shy of an acre. County taxes only. Unlike many other apartment units which are currently on the market the current owner of these units has consistently upgraded the interiors of these units with new flooring, painting, appliances, kitchen and bath upgrades and painting as needed. The exterior of both buildings is low maintenance brick and vinyl siding. This means when you take possession as the new owner it will not require additional expenditures on your part to bring the property up to the standards which good tenants expect.
|DAYS ON MARKET||20||LAST UPDATED||3/11/2017|
|YEAR BUILT||1987||COMMUNITY||Carter County|
|AIR||Ceiling Fan, Wall Unit|
|EXPENSESINCLUDE||Lawn Maint., Property Management, Taxes Real Estate, Water/Sewer|
|EXTERIORFEATURES||Driveway-Asphalt, Driveway-Gravel, Window-Sgl Pane, Window-Storm|
|FLOORING||Carpet, Laminate, Vinyl|
|MULTIFAMILY PROPERTY TYPE||Apt. Complex|
|ROOF||Composition Shingle, Metal|
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