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615-617 Russell Ave

Harriman, TN 37748
  • $525,000
  • STATUS: Active
  • ON SITE: 231 Days
  • ID#: 1145060
$525,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1950
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

This listing included both 615-617 Russell Ave, total of 13 units in city limits of Harriman, centrally located across from elementary school and a half mile from police station, close to grocery market, and have city water/sewer, gas, and electricity. Recently have new plumbing, roof, and most drywalls replaced due to water freeze couple years ago. The newer building of 617 Russell Ave was built in 1994. Plenty of parking in front and back for 20+ cars, with multiple entrances. Due to owner living out of town, did not pursue rents aggressively, needing to sell. At full compacity, will provide 2.1 DCR at listing price, $8000+ per month or $104,000+ annual gross rents at under market price of $600-650 per unit. Owner Agent. Selling AS-IS.

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© 2021 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information 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. Some or all of the listings displayed may not belong to Realty Executive Associates. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty Executive Associates. Data last updated: 2021-10-23T23:53:33.347.
www.shannonfosterbolinegroup.com/homes/114842925
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615-617 Russell Ave Harriman, TN 37748

  • Price: $525,000
  • Status: Active
  • ID#: 1145060
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1950
Built
County:
Roane
Area:
Harriman
Elementary School:
Bowers
Middle School:
Harriman
High School:
Harriman
Property Description
This listing included both 615-617 Russell Ave, total of 13 units in city limits of Harriman, centrally located across from elementary school and a half mile from police station, close to grocery market, and have city water/sewer, gas, and electricity. Recently have new plumbing, roof, and most drywalls replaced due to water freeze couple years ago. The newer building of 617 Russell Ave was built in 1994. Plenty of parking in front and back for 20+ cars, with multiple entrances. Due to owner living out of town, did not pursue rents aggressively, needing to sell. At full compacity, will provide 2.1 DCR at listing price, $8000+ per month or $104,000+ annual gross rents at under market price of $600-650 per unit. Owner Agent. Selling AS-IS.
Exterior Features

Construction Frame Driveway Gravel Exterior Features BalconyPatio Garage Parking Off-Street Parking Lot Size 300X250x100 Siding Vinyl

Interior Features

Appliances RangeRefrigerator Cooling Central Cooling Floors LaminateSustainableTileVinyl Fuel Electric Heat CentralForced Air Other Rooms Family RoomSplit Bedroom

Property Features

Annual Oper Expenses 19711.00 Auction YN No City County Code City Limits City Taxes 689.79 County Taxes 1525.78 Gross Annual Income 104100.00 Lease Information 12 One Bed Rent $600-6501 Two Bed Rents $750-800 Miscellaneous PorchStorage Space Multifamily Sub Type ApartmentFive Or Six PlexHouse Converted Net Operating Income 84389.00 New Financing CashConventionalOwner Will CarrySecond Mortgage Owner Expenses ElectricityGasInsuranceSewerTaxesWater Property Status N/A Pud YN No Restrictions No Sale Includes Building And Land Tenant Expenses Tenant Pays No Util Total Tax 2215.58 Type Of Units 1 Bedroom Unit2 Bedroom UnitEfficiency UnitGardenHandicapUnfurnished Units Leased 5.00 Utilities Mo Avg 1110.00

Listing information © 2021 Knoxville Area Association of REALTORS®, Inc.
Listing provided courtesy of House Hunters Realty.


© 2021 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information 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. Some or all of the listings displayed may not belong to Realty Executive Associates. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty Executive Associates. Data last updated: 2021-10-23T23:53:33.347.
 
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