830 Tennessee Ave Etowah, TN 37331
8,136 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,136 sqft
Price per Sqft $36
MLS Listing ID 1354243
Year Built 1920
Lot Dimensions 50X102
Source East Tennessee REALTORS® MLS
Property Description
CURRENT RESIDENTIAL RENTAL INCOME:
• Unit 1 - Studio - $600/month - Owner pays utilities
• Unit 2 - 2 Bedroom - $695/month - Tenant pays utilities
• Unit 3 - 1 Bedroom - $695/month - Tenant pays utilities
• Unit 4 - Studio - $600/month - Owner pays utilities
TOTAL CURRENT RESIDENTIAL RENTAL INCOME: $2,590/MONTH!
The four apartments are located upstairs with a separate private entrance and are currently tenant occupied. The roof is approximately 5-6 years old, adding another attractive feature for investors looking for an established income-producing property.
But the opportunity doesn't stop with the residential income! The main level features TWO separate commercial retail spaces in a high-visibility corner location along the main strip in Etowah, near the historic train depot. These spaces offer tremendous flexibility and could potentially be used for retail, boutiques, antique shops, offices, service businesses, or other permitted uses.
Looking to increase the property's income potential even further? Explore leasing the commercial spaces, operating your own business from one while leasing the other, or consider reconfiguring portions of the commercial space to potentially create additional residential units. Buyers may also wish to explore zoning and possible residential conversion options with the City of Etowah.
With FOUR existing income-producing apartments, TWO commercial spaces, 4½ bathrooms, excellent visibility, established rental income, and opportunities to add additional revenue streams, this property offers exciting potential for both immediate income and future growth.
Buyer to verify zoning, permitted uses, potential conversions, rental information, utility information, square footage, and all information deemed important.
Tenant occupied upstairs. 24-hour notice required to show.
Location
State TN
County Mcminn County - 40
Area 0.11
Rooms
Other Rooms Other
Interior
Heating Central, Electric
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Laminate, Vinyl
Appliance Range, Refrigerator
Heat Source Central, Electric
Exterior
Exterior Feature Windows - Vinyl, Balcony
Parking Features Off-Street Parking
Garage Description Off-Street Parking
Roof Type Asphalt
Garage No
Building
Faces From Hwy 30 turn right onto Hwy 411 (Tennessee Ave) go 1.4 miles and it will be on the Right
Structure Type Steel,Brick,Cement Siding
Schools
Elementary Schools Etowah
High Schools Central
Others
Tax ID 118B G 070.00
Energy Description Electric
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Pets Allowed No