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3600/3610 Maynardville Hwy

Maynardville, TN 37807

– beds
– baths
15,000 sqft
$153 per sqft
1989 build
– on site

INCOME PRODUCING/INVESTMENT OPPORTUNITY... 22 Unites Total, with twenty-one being 2-bedroom/1 Bath and one being 1-bedroom/1-bath. The latest 2/1 was rented at $1,100 per month. Owner has recently renovated 13 out of the 22 units, with 3 additional renovations scheduled, pending the expiration of current Tenant leases. All renovated units have been released at higher monthly rates, increasing overall cashflow and value of the investment under new ownership. Current rental income per year is $230,000.00, with potential increases projected to be more than $270,000.00, as evidence from the new renovation leases and overall property improvements. Currently, all units are rented except for one undergoing renovation. All Units are comprised within two separate buildings. Renovations made to date include the following updates: new light fixtures, new countertops and backsplashes, repainting interiors, new flooring, black metal accents, and changing the exterior color scheme by fully repainting & repairing the siding where necessary. Unit Expenses - Tenants cover their own electricity costs. Water, pest control and trash expenses, are passed through form Owner to each Tenant at a prorated share. Conveniently located with easy access to Maynardville Hwy, this property is just 30 minutes from downtown Knoxville and centrally situated in Maynardville, providing easy access to schools, stores, and local dining options.

Listing courtesy of KAARMLS / Sexton Real Estate Services, Inc.

Last checked: Checking… • Last updated Mar 27, 2024 •

MLS# 1245217 —

The Building

Year Built:

1989
New Construction:

No
Construction Materials:

Frame, Other
Architectural Style:

None
Direction Faces:

None
Roof:

None
Stories:

None
Stories Total:

None
Basement:

None
Exterior Features:

Windows - Aluminum, Balcony
Patio & Porch Features:

None
Security Features:

None
Accessibility Features:

None
Building Area Total:

15000.0

Interior

Rooms Total:

None
Flooring:

Laminate, Carpet, Tile
Fireplace:

No
Fireplaces Total:

None
Fireplace Features:

None
Laundry Features:

None

Room Dimensions

Living Area:

None
Living Area Units:

None
Living Area Source:

None

Location

Directions:

From Knoxville: Take Exit 6 on I-640E onto Old Broadway and make a right.Turn Left onto Broadway. Continue onto Maynardville Hwy. Turn right on Main st. Apartments are on the left.

The Property

Parcel Number:

058P B 004.00
Property Type:

Multi-Family
Property Subtype:

None
Lot Features:

None
Lot Size Dimensions:

241x273
Lot Size Source:

None
Zoning:

None
Zoning Description:

None
Current Use:

None
Possible Use:

None
Topography:

None
View:

None
Fencing:

None
Waterfront:

No
Water Body Name:

None
Frontage Type:

None
Road Frontage Type:

None
Property Attached:

No

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

None

Beds

Bedrooms Total:

None

Baths

Full Baths:

None
Three Quarter Baths:

None
Half Baths:

None
Partial Baths:

None
Quarter Baths:

None

The Listing

Virtual Tour URL Branded:

None
Buyer's Agency Compensation:

2.0000

Heating & Cooling

Heating:

Central, Electric
Heating:

true
Cooling:

Central Cooling
Cooling:

true

Utilities

Utilities:

None
Electric:

None
Sewer:

None
Water Source:

None

Appliances

Appliances:

Refrigerator

Schools

Elementary School:

Maynardville
Elementary School District:

None
Middle or Jr High School:

Maynardville
Middle or Jr High School District:

None
High School:

Union County

The Community

Senior Community:

No
Community Features:

None
Pool Private:

No
Pool Features:

None
Spa Features:

None
Association:

No
Association Fee:

None
Association Fee Includes:

None
Association Fee Frequency:

None

Parking

Attached Garage:

false
Carport Spaces:

None
Parking Features:

On Premise Parking

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
3/11/24 Mar 11, 2024	Listed / Active	KAARMLS	$2,300,000	119.0% (76.2% / YR)
8/19/22 Aug 19, 2022		KAARMLS	$1,050,000

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This multifamily located in Maynardville, TN 37807 is currently for sale for $2,300,000. 3600/3610 Maynardville Hwy is a 15,000 square foot multifamily with – beds and – baths that has been on Estately for 46 days. This multifamily is in the attendance area of Horace Maynard Middle School, Maynardville Elementary School, and Union County High School.

Listing Courtesy of: KAARMLS and Sexton Real Estate Services, Inc..

The information is being provided by Multiple Listing Service of the Knoxville Area Association of REALTORS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 2024 Multiple Listing Service of the Knoxville Area Association of REALTORS. All Rights Reserved.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.