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Address Not Published

Erwin, TN 37650
  • $649,999
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 9942400
UPDATED: 50 min ago
$649,999
  • 4
    BEDS
  • 0.01
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Excellent investment opportunity in the heart of downtown Erwin, TN! This fixer-upper is a tremendous opportunity for multi-family investors, with projected monthly revenue up to $9200 after repairs! Take advantage of the historic character and create mid-to-high level rental units. Units range from nine small 1-bedroom apartments to two larger 2-bedroom apartments. Several could be converted to additional 2-bedrooms or 3-bedroom units. Immediate sidewalk access and off-street parking. Walking distance to downtown shops and restaurants. The ground level units could also easily be converted to retail/office space. Grab this opportunity while you can!

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© 2022 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2022-09-28T14:59:57.817.
www.conservusrealestategroup.com/homes/132308047
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Address Not Published Erwin, TN 37650

  • Price: $649,999
  • Status: Active
  • On Site: 39 Days
  • Updated: 50 min ago
  • MLS #: 9942400
4
Beds
2
Baths
0
½ Baths
0.01
Acres
1910
Built
Neighborhood:
Not In Subdivision
County:
Unicoi
Area:
Erwin
Elementary School:
Rock Creek
Middle School:
Unicoi Co
High School:
Unicoi Co
Property Description
Excellent investment opportunity in the heart of downtown Erwin, TN! This fixer-upper is a tremendous opportunity for multi-family investors, with projected monthly revenue up to $9200 after repairs! Take advantage of the historic character and create mid-to-high level rental units. Units range from nine small 1-bedroom apartments to two larger 2-bedroom apartments. Several could be converted to additional 2-bedrooms or 3-bedroom units. Immediate sidewalk access and off-street parking. Walking distance to downtown shops and restaurants. The ground level units could also easily be converted to retail/office space. Grab this opportunity while you can!
Exterior Features

Exterior Features See Remarks Exterior Finish Brick Lot Dimensions 115X53x18x35x97x86 Parking Features Other Porch Patio Deck Other Roof Shingle Style 3+ StorySee Remarks Topography Lot Description Level

Interior Features

Ac Central Air Flooring Ceramic Tile Heating Central Interior Features See Remarks Other Rooms BreakfastOther

Property Features

Auction No Building1 Number Units 6 Building2 Number Units 3 Building3 Number Units 3 Building4 Number Rooms 0 Building4 Number Units 0 City Taxes 1110.50 County Taxes 1702.01 Easements None Foreclosure No Lot Number 6PT Property Condition Average Property Sub Type Multi-Family Short Sale No Water Public Zoning B3

Listing information © 2022 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Tracy King of Your Home Sold Guaranteed Realty: (865) 365-2280.



© 2022 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2022-09-28T14:59:57.817.
 
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Conservus Real Estate Group
402 East Main Street
Kingsport TN, 37660