5305 W Andrew Johnson Hwy, Morristown, TN 37814
$1,200,000
Property Type:
Multi-Family
Square Footage:
20,206
Lot Size (sq. ft.):
132,858
Status:
Closed
Current Price:
$1,200,000
List Date:
4/22/2024
Last Modified:
10/03/2024
Overview
Description
6 bay auto repair shop building with 4 inground lifts, a sleeping room, office and bath with shower, a vacant commercial lot on West Andrew Johnson Highway and 13- 1 bedroom apartments and 1- 2 bedroom apartment with a full basement retained and used by the owner. Total current income is $166,800 annually. Pest Control Contract-$150.00 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300.00 per month with an $80.00 expense for gas. Also, you could rent out the 7833 square foot basement.
Listing Details MLS# 1260178
Location Tax Legal Info
- House #
- 5305
- St Dir
- W
- Street Name
- Andrew Johnson
- St Suffix
- Hwy
- State/Province
- TN
- Zip Code
- 37814
- PIN #
- 048 018.05
- Subdivision
- Panther Village
Contract Info
- Auction Y/N
- No
- Listing Price
- 2500000
General Property Description
- SqFt – Total (Aprox)
- 20206
- Lot Dimensions
- 204 X 271
- Lot Size SqFt
- 132858
- Number of Units
- 16
- # Units Leased
- 16
- Utilities/Mo Avg
- 750
- Year Built
- 1977
- Property Status
- N/A
- Restrictions
- No
- Driveway
- Blacktop
Status Change Info
- Status Change Date
- 2024-10-03
- Under Contract Date
- 2024-08-24
- Sold Date
- 2024-09-30
Location, Tax & Legal Info
- Area
- Hamblen County – 38
- Community
- Alpha
- City/County Code
- City Limits
- Elementary School
- Alpha
- Middle School
- West View
- Total Tax
- 8150.27
- High School
- Morristown West
Remarks & Misc
- Directions
- On West Andrew Johnson across the highway form Morristown Chevrolet, on the corner of Panda.
- Public Remarks
- 6 bay auto repair shop building with 4 inground lifts, a sleeping room, office and bath with shower, a vacant commercial lot on West Andrew Johnson Highway and 13- 1 bedroom apartments and 1- 2 bedroom apartment with a full basement retained and used by the owner. Total current income is $166,800 annually. Pest Control Contract-$150.00 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300.00 per month with an $80.00 expense for gas. Also, you could rent out the 7833 square foot basement.
More Information
Income/Expenses
- Gross Annual Income
- 166800
Property Sub-Type
- Apartment
- Yes
Construction
- Frame – Brick
- Yes
Type of Units
- 1 Bedroom Unit
- Yes
- 2 Bedroom Unit
- Yes
- Unfurnished
- Yes
Siding
- Brick
- Yes
Sale Includes
- Building and Land
- Yes
- Some Furnishings
- Yes
Miscellaneous
- Coin Laundry
- Yes
- Porch
- Yes
- TV Cable Available
- Yes
Cooling
- Central Cooling
- Yes
Floors
- Carpet
- Yes
- Vinyl
- Yes
Garage/Parking
- Off-Street Parking
- Yes
- On Premise Parking
- Yes
Tenant Expenses
- Cooling
- Yes
- Electricity
- Yes
- Gas
- Yes
- Heating
- Yes
Owner Expenses
- Gas
- Yes
- Water
- Yes
Fuel
- Electric
- Yes
- Gas (Natural)
- Yes
Heat
- Central
- Yes
- Forced Air
- Yes
Other Rooms
- Bedroom Main Level
- Yes
- Breakfast Room
- Yes
- Mstr Bdrm Main Level
- Yes
Roof
- Metal
- Yes
Exterior Features
- Porch – Covered
- Yes
- Windows – Aluminum
- Yes
- Windows – Dble Pane
- Yes
Misc Features
- Internet Available
- Yes
- Walk-In Closet(s)
- Yes
New Financing
- Cash
- Yes
- New Loan
- Yes
Property Features
Property Sub-Type:
Apartment
Type of Units:
1 Bedroom Unit; 2 Bedroom Unit; Unfurnished
Sale Includes:
Building and Land; Some Furnishings
Floors:
Carpet; Vinyl
Tenant Expenses:
Electricity; Gas
Owner Expenses:
Gas; Water
Fuel:
Electric; Gas (Natural)
Heat:
Central; Forced Air
Cooling:
Central Cooling
Construction:
Frame – Brick
Roof:
Metal
Siding:
Brick
Exterior Features:
Porch – Covered; Windows – Aluminum; Windows – Dble Pane
Misc Features:
Internet Available; Walk-In Closet(s)
Other Rooms:
Bedroom Main Level; Breakfast Room; Mstr Bdrm Main Level
Miscellaneous:
Coin Laundry; Porch; TV Cable Available
New Financing:
Cash; New Loan
Listing Office:
Century 21 Masengill-McCrary
IDX
Office Phone: 423-586-6653
Last Updated: October – 03 – 2024
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