BEDS0
BATHS
SQUARE FEET8,136
MLS#3540320
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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 utilitiesTOTAL 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, 41/2 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s), Ceiling Fan(s)
Heating: Central, Electric
Lot Size: 0.12 Acres
Roof Type: Asphalt
Taxes: $1,664
Year Built: 1920
Feature Descriptions
Days on Site: 8
Exterior: Other, Brick
Flooring: Laminate, Vinyl
Lot Dimensions: 50X102
Parcel#: 118B G 07000 000
Units: 4
Utilities: Electricity Available
Local Schools
High School: Central High School
Elementary School: Etowah Elementary
Listed By / Shown By
Listed By
Agency Name: Keller Williams
Agency Phone: 8659770770
Shown By
Agent Name: Barbara Bell
Agent Phone: (615) 948-9366
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 893.84 per month $667.67 Principal & Interest $138.67 Property Tax $87.50 Homeowner's InsuranceChange Payment Information
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830 Tennessee Ave | MLS# 3540320
This multi-family property located at 830 Tennessee Ave, Etowah, TN 37331 is currently listed for sale with an asking price of $300,000. Search Etowah real estate on www.barbarabellrealtor.com today.