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$ 950,000
Est. payment /mo
Price Dropped by $48K
197 - 207 Gum Hollow Rd #197 - 207 Oak Ridge, TN 37830
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1343898
Year Built 1979
Lot Dimensions 443 x 244
Source East Tennessee REALTORS® MLS
Property Description
6 units in booming Oak Ridge! This investor renovation opportunity is located in close proximity to the Oak Ridge Country Club in an established area of town. Five of the six total units are occupied at below market rent on short term leases providing an excellent opportunity to update the units as they are vacated and lease at market rents ($1,300 1 bed, $1,600 2 bed).
One of the 6 units (2 bed 1.5 bath) has been fully renovated and is leased for $1,300 per month.
Total annual proforma rents - $98,400.00.
One of the 6 units (2 bed 1.5 bath) has been fully renovated and is leased for $1,300 per month.
Total annual proforma rents - $98,400.00.
Location
State TN
County Roane County - 31
Rooms
Other Rooms Other
Interior
Heating Central, Electric
Cooling Central Cooling
Flooring Laminate, Carpet, Vinyl, Tile
Heat Source Central, Electric
Exterior
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Shingle
Garage No
Building
Faces Located off of Oak Ridge Turnpike
Structure Type Frame
Others
Tax ID 015K B 008.00
Energy Description Electric
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
Listed by NAI Koella l RM Moore