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542 Ashe Ave

New Johnsonville, TN 37134

– beds
– baths
18,720 sqft
$101 per sqft
1969 build
– on site

Welcome to your next lucrative investment venture in the heart of New Johnsonville! This 24-unit apartment complex offers you the perfect opportunity to grow your real estate portfolio and maximize your returns. With spacious two-bedroom, one-bath units and proximity to the area's largest employers, this is a promising value-add property with a built-in revenue potential. Select units have been tastefully updated with new vinyl floors, fresh paint, and modern appliances, providing an attractive incentive for prospective tenants and rent increases. With a combination of updated units and rent increases in progress, this property offers substantial income growth potential. Additionally, the location's strong demand for housing, thanks to the proximity to major employers, makes it an ideal investment for long-term financial security. The included property management company is well-versed in the intricacies of the complex, enabling a smooth transition for the new owner. Don't miss out!

Listing courtesy of REALTRACS / Realty Executives Hometown Living

Last checked: Checking… • Last updated Feb 28, 2024 •

MLS# 2592966 —

The Building

Year Built:

1969
Year Built Effective:

1969
Year Built Details:

APROX
New Construction:

false
Construction Materials:

Brick
Roof:

Shingle
Stories:

2
Levels:

One
Security Features:

Smoke Detector(s)
Structure Type:

Multi Family
# of Units Total:

24
Building Area Units:

Square Feet
Building Area Total:

18720
Building Area Source:

Assessor
Above Grade Finished Area:

18720
Above Grade Finished Area Units:

Square Feet
Above Grade Finished Area Source:

Assessor
Below Grade Finished Area Source:

Assessor
Below Grade Finished Area Units:

Square Feet

Interior

Flooring:

Laminate, Vinyl
Fireplace:

false
Laundry Features:

None

Room Dimensions

Living Area:

18720
Living Area Units:

Square Feet
Living Area Source:

Assessor

Location

Directions:

From Waverly, Hwy 70 West to New Johnsonville, turn left on Long Street, turn right on Ashe
Latitude:

36.0180784
Longitude:

-87.96691837

The Property

Parcel Number:

091G C 01800C001
Property Type:

Residential Income
Lot Size Dimensions:

3.5
Lot Size Units:

Acres
Zoning:

Commercial
View:

false
Property Attached:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

6928

The Listing

Map Coordinate:

36.0180784000000000 -87.9669183700000000
Special Listing Conditions:

Standard

Heating & Cooling

Heating:

Baseboard, Electric, Other
Heating:

true
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

Electricity Available, Water Available
Sewer:

Septic Tank
Water Source:

Public

Schools

Elementary School:

Lakeview Elementary
Middle Or Junior School:

Lakeview Elementary
High School:

Waverly Central High School

The Community

Subdivision Name:

Lakeside Manor Apartments
Waterfront:

false
Pool Private:

false
Association:

false

Parking

Parking Features:

Asphalt, Parking Lot, Unassigned
Garage:

false
Attached Garage:

false
Carport:

false

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
2/22/24 Feb 22, 2024	Price Changed	REALTRACS	$1,895,000	-5.1%
12/3/23 Dec 3, 2023	Price Changed	REALTRACS	$1,997,000	-4.9%
11/13/23 Nov 13, 2023	Listed / Active	REALTRACS	$2,100,000	185.7% (65.1% / YR)

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This multifamily located in New Johnsonville, TN 37134 is currently for sale for $1,895,000. 542 Ashe Ave is a 18,720 square foot multifamily with – beds and – baths that has been on Estately for 166 days. This multifamily is in the attendance area of Lakeview Elementary School, Waverly Central High School, Waverly Jr High School, Mc Ewen Elementary School, Mc Ewen High School, and Mc Ewen Middle School.

Listing Courtesy of: REALTRACS and Realty Executives Hometown Living.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than Estately are marked with the REALTRACS IDX Logo. REALTRACS and Estately deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and Estately assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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.

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.