Multifamily For Sale

$75,000

When do you want to see it?

601 Madison
Athens, TN 37303

  • – beds
  • – baths
  • 2,716 sqft
  • 8,400 sqft lot
  • $27 per sqft
  • 1940 build
  • on site

INVESTMENT OPPORTUNITY! Income Producing NOW! Located in the Historic District of Athens, this property is located 1 blk from Mayfield Dairy, Wesleyan College, nearby Shopping & easy access to I-75. Built in the 1900's, this property include 1BD & 2BD units, with a total of 4 units. 100% Occupancy. Tremendous potential. Needs remodeling and is being sold AS IS. Seller has information from city for some of the remodel. MLS#1167600 (603-605 E Madison) must be included with offer.Great Location, great neighborhood in the Historic District. Make your appointment to see NOW!

Listing courtesy of KAARMLS / Tennessee Valley Realty Associates

Last checked: Checking… • Last updated Sep 20, 2021 •

MLS# 1167599 —

Amenities & Taxes

The Building

Year Built:
1940
Construction:
frame
Siding:
vinyl
House:
601
Type of Units:
1 bedroom unit, efficiency unit, unfurnished
Miscellaneous:
porch
Sq Ft Total :
2,716 Sqft

Interior

Other Rooms:
other
Floors:
other

Financial & Terms

New Financing:
cash
Auction:
No
Restrictions:
yes
Sale Includes:
building and land, no furnishings

Location

Directions:
From Knoxville: Take I-40 West to I-75 South to Exit 52 (TN-305 South).Take TN-305 South to East Madison Avenue. From Cleveland: Take I-75 North to Exit 49 (Athens). Stay straight onto Decatur Pike to East Madison Avenue.
Geo Latitude:
35.445669
Geo Longitude:
-84.587607

The Property

Area:
McMinn County - 40
Property Type:
B
Property Sub-Type:
apartment, converted house
Lot:
1
Lot Dimensions:
60 Sqft

Listing Agent

Contact info:

Taxes

Total Taxes:
$390.51
City Taxes:
$175.88

Heating & Cooling

Heat:
Other
Cooling:
Window Unit(s)

Utilities

Fuel:
electric
PUD:
No

Schools

Elementary School:
Ingleside
Middle School:
Athens
High School:
Mcminn

The Community

Subdivision:
Ingleside

Parking

Garage/Parking:
off-street parking

Extra Units

Units:
4.00

Schools

Rating Details

Ingleside Elementary School

  • Public
  • K-8
  • 0.3 mi

City Park Elementary School

  • Public
  • K-8
  • 1.1 mi

Athens Junior High School

  • Public
  • 6-12
  • 1.1 mi

Westside Elementary School

  • Public
  • K-8
  • 1.2 mi

North City Elementary School

  • Public
  • K-8
  • 1.4 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Flood Risk

This property has minimal flood risk

This property has a . Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.

Provided by Flood Factor®

Flood Insurance

Recommended: MassiveCert estimates that this property is in FEMA Zone X, which means that flood insurance is recommended, but not required.

Get an instant insurance quote

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Sale history

Date Event Source Price % Change
9/20/21
Listed / Active KAARMLS $75,000
9/15/21
Coming Soon KAARMLS $75,000
4/24/18
Sold KAARMLS

Finding records…

No additional history available

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601 Madison
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