TN
McMinn County - 40
Etowah
37331
830 Tennessee Ave
830 Tennessee Ave, Etowah, TN 37331
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Listing Type
Multi Family
Listing Status
Active
29
$300,000

Home Details for 830 Tennessee Ave

Price
$300,000
Type
Residential Income
Year built
1920
County
McMinn County - 40
MLS Listing#
1354243
Property Description

ATTENTION INVESTORS! Start generating income from day one with FOUR currently rented residential units producing a combined $2,590 per month, PLUS two main-level commercial spaces offering additional income and value-add potential! 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.

Property Features
  • Cooling Information
    • Ceiling Fan(s)
    • Window Unit(s)
  • Heating Information
    • Central
    • Electric
  • Parking
    • Off Street
School Information
School Information for 830 Tennessee Ave, Etowah, TN 37331
Elementary School
Etowah
Middle School
N/A
High School
Central
Listing Courtesy: Keller Williams - 865-977-0770
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EXIT ROCKY TOP REALTY
2348 North Main St., Crossville, TN 38555
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