141 Panda Drive, Morristown, TN 37814

$1,200,000
Property Type: Multi-Family Status: Closed
Current Price: $1,200,000 List Date: 5/22/2024 Last Modified: 11/21/2024

Overview

Description

13 – 1 bedroom apartments and 1 – 2 bedroom apartment with a full basement. Total current gross income is $126000 annually. Pest control contract – $150 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300 per month with an $80 expense for gas. Also you could rent out the 7833 square foot basement.

Listing Details MLS# 1263660

Location Tax Legal Info

House #
141
Street Name
Panda
St Suffix
Drive
State/Province
TN
Zip Code
37814
PIN #
048 018.07

Contract Info

Auction Y/N
No
Listing Price
1600000

General Property Description

Lot Dimensions
155
Number of Units
14
Utilities/Mo Avg
458
Year Built
1979
Property Status
N/A
Driveway
paved

Status Change Info

Status Change Date
2024-11-21
Under Contract Date
2024-08-28
Sold Date
2024-10-01

Location, Tax & Legal Info

Area
Hamblen County – 38
City/County Code
City Limits
Elementary School
Alpha
Middle School
West View
Total Tax
5298.69
High School
Morristown West

Remarks & Misc

Directions
On West Andrew Johnson across the highway from Morristown Chevrolet turn onto Panda Drive and the property will be on the left.
Public Remarks
13 – 1 bedroom apartments and 1 – 2 bedroom apartment with a full basement. Total current gross income is $126000 annually. Pest control contract – $150 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300 per month with an $80 expense for gas. Also you could rent out the 7833 square foot basement.

More Information

Property Sub-Type

Apartment
Yes

Construction

Block
Yes
Other
Yes

Type of Units

1 Bedroom Unit
Yes
2 Bedroom Unit
Yes

Sale Includes

Building and Land
Yes

Cooling

Central Cooling
Yes

Floors

Vinyl
Yes

Garage/Parking

On Premise Parking
Yes

Fuel

Electric
Yes
Gas (Natural)
Yes

Heat

Central
Yes

Appliances

Range
Yes
Refrigerator
Yes

Other Rooms

Bedroom Main Level
Yes

Roof

Metal
Yes

New Financing

Cash
Yes
Conventional
Yes

Showing

See Agent Instructns
Yes

Property Features

Property Sub-Type: Apartment Type of Units: 1 Bedroom Unit; 2 Bedroom Unit Sale Includes: Building and Land Floors: Vinyl Fuel: Electric; Gas (Natural) Heat: Central Cooling: Central Cooling Appliances: Range; Refrigerator Construction: Block; Other Roof: Metal Other Rooms: Bedroom Main Level New Financing: Cash; Conventional Showing: See Agent Instructns
Listing Office: Century 21 Masengill-McCrary
IDX
Office Phone: 423-586-6653
Last Updated: November – 21 – 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.