Jefferson City TN Multi Family for Sale
$749,999
Hicks Rd Jefferson City, TN 37760
- Type:
- Multi-Family
- Sq.Ft.:
- 5,084
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1995
- Baths:
- MLS#:
- 1281497
- Subdivision:
- Claude Williams Prop
View additional info
Courtesy: Real Broker
844-591-7325
ADDITIONAL INFORMATION
TWO ALL BRICK TRIPLEXES with metal roofs, city water/sewer and paved parking now available (6 total units)! Each unit is 2BR/1BA, with separate laundry room, tenants pay their own utilities and all are on month to month leases, so new owner has flexibility to change lease terms! The average rent for a 2BR apt in Jefferson City is $1,400/mo (per https://www.zumper.com/rent-research/jefferson-city-tn as of Nov 2024). Current leases: (4) tenants pay $1,100/mo and (2) tenants pay $1,200/mo. Estimated monthly expenses: Insurance $177 / Lawn Care $170 / City/County Taxes $347. All built-in kitchen appliances and (3) sheds convey to buyer. Washers/Dryers belong to tenants. Location less than half a mile to 11E and approx. 7 miles to I-40, gives easy access to Jefferson City, Morristown, Sevier Co and more! Rent roll & leases available. Please note: buyer to verify all info, shaded areas in photos are lot line approximations and drone photos not indicative of view.
- Type:
- Multi-Family
- Sq.Ft.:
- 2,808
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1967
- Baths:
- MLS#:
- 1279453
- Subdivision:
- Franklin Acres
View additional info
Courtesy: United Real Estate Solutions
865-444-2400
ADDITIONAL INFORMATION
This is a great investment opportunity for 3 units in one building. A lot of improvements have been made on the units recently. The lot is spacious and with city approval. This location has plenty of room for tenant parking and is close to the 11E corridor and to Cherokee lake. All brick construction means you have limited maintenance and the seller has just installed new gutters and several mini-split HVAC units. There is additional storage areas in the bottom level. You don't find an opportunity priced like this per door for income property. Seller will require prequalified bank letters or proof of cash for in-person showings. Email listing agent for income data. Sewer is available at this location for future expansion of the property. All most all appliances are new and convey except 2 washers and dryers. There is a storage barn does convey in the back yard which is great for storage.
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Jefferson City Real Estate
The median home value in Jefferson City, TN is $357,450. This is higher than the county median home value of $254,900. The national median home value is $338,100. The average price of homes sold in Jefferson City, TN is $357,450. Approximately 39.51% of Jefferson City homes are owned, compared to 45.21% rented, while 15.28% are vacant. Jefferson City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Jefferson City real estate agent to arrange a tour today!
Jefferson City, Tennessee has a population of 8,173. Jefferson City is more family-centric than the surrounding county with 33.65% of the households containing married families with children. The county average for households married with children is 30.29%.
The median household income in Jefferson City, Tennessee is $46,056. The median household income for the surrounding county is $54,371 compared to the national median of $69,021. The median age of people living in Jefferson City is 31.2 years.
Jefferson City Weather
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 25.3 degrees. The average rainfall is approximately 45 inches per year, with 9.1 inches of snow per year.