15030 Highway 49, Vanleer, TN

Name: 15030 Highway 49, For Sale in Vanleer - Zoocasa
Brand: Parker Peery Properties
SKU: 3244968
Price: 450000 USD

House

For Sale

Listed price in listed location currency (USD).

$450,000

000

MLS® 3244968

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 3780 sqft

Garage

Taxes $1,384

Days Active 13

Lot Size

Approx. Age 1999

Avg. Price Per Sqft $119

MLS® Number 3244968

Property Address: 15030 Highway 49, Vanleer, TN, 37181-6659

Average square foot calculated using Size range provided by listing agent.

Description

INCOME-PRODUCING INVESTMENT OPPORTUNITY! Sale includes a QUADPLEX, DUPLEX, AND AN ADDITIONAL LOT located at 15030 and 15076 Highway 49 W. Offering a total of 6 RENTAL UNITS, this property presents an excellent opportunity for investors looking to expand their portfolio. The quadplex consists of four 1 BEDROOM, 1 BATHROOM units and is ZONED COMMERCIAL. The duplex includes one 2 BEDROOM, 1 BATHROOM unit and one 1 BEDROOM, 1 BATHROOM unit and is ZONED RESIDENTIAL. Recent improvements include Unit 2 in the quadplex with NEW FLOORING, NEW CABINETS, NEW COUNTERTOPS, AND NEW REFRIGERATOR. Unit 4 features NEW FLOORING and a NEWER REFRIGERATOR. The quadplex roof is approximately 5 YEARS OLD. All units are currently occupied. Tenants have completed their initial lease terms and are currently MONTH-TO-MONTH. SECURITY DEPOSITS ARE IN PLACE, and each unit has its own SEPARATE ELECTRIC METER. Current rental income totals approximately $5, 450 PER MONTH, with the duplex generating $1, 850 PER MONTH and the quadplex generating $3, 600 PER MONTH ($900 per unit). SELLER CURRENTLY PAYS UTILITIES, which are reported to be reasonable. Conveniently located LESS THAN 20 MINUTES FROM DOWNTOWN ERIN, this fully occupied property offers immediate cash flow and is ready for its new owner. Opportunities to purchase 6 INCOME-PRODUCING UNITS, AN ADDITIONAL LOT, AND BOTH COMMERCIAL AND RESIDENTIAL ZONING in one package are hard to find. Whether you’re looking to grow your portfolio or add a strong-performing asset to your investment holdings, this property checks all the boxes.

MLS® Number3244968

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1999

Basement

DrivewayAsphalt, Driveway

Garage Spaces

HeatElectric

A/CElectric, Wall/Window Unit(s)

Extras

Map

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