5305 W Andrew Johnson Hwy Morristown, TN 37814 MLS# 1260178 20206 sqft
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Property Description 6 bay auto repair shop building with 4 inground lifts, a sleeping room, office and bath with shower, a vacant commercial lot on West Andrew Johnson Highway and 13- 1 bedroom apartments and 1- 2 bedroom apartment with a full basement retained and used by the owner. Total current income is $166,800 annually. Pest Control Contract-$150.00 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300.00 per month with an $80.00 expense for gas. Also, you could rent out the 7833 square foot basement.
Details
Maps
Location, Tax & Legal Info
House #: 5305
St Dir: W
Street Name: Andrew Johnson
St Suffix: Hwy
State/Province: TN
Zip Code: 37814
Area: Hamblen County - 38
City/County Code: City Limits
PIN #: 048 018.05
Subdivision: Panther Village
Community: Alpha
Elementary School: Alpha
Middle School: West View
High School: Morristown West
Total Tax: 8150.27
Geo Lat: 36.18264
Geo Lon: -83.378969
Contract Info
Auction Y/N: No
Listing Price: 2500000
Current Price: $2,500,000
Status: Active
Listing Date: 2024-04-18
Cooperation Comp: 2
Compensation Type: %
General Property Description
SqFt - Total (Aprox): 20206
Lot Dimensions: 204 X 271
Lot Size SqFt: 132858
Number of Units: 16
# Units Leased: 16
Utilities/Mo Avg: 750
Year Built: 1977
Property Status: N/A
Restrictions: No
Driveway: Blacktop
Remarks & Misc
Directions: On West Andrew Johnson across the highway form Morristown Chevrolet, on the corner of Panda.
Public Remarks: 6 bay auto repair shop building with 4 inground lifts, a sleeping room, office and bath with shower, a vacant commercial lot on West Andrew Johnson Highway and 13- 1 bedroom apartments and 1- 2 bedroom apartment with a full basement retained and used by the owner. Total current income is $166,800 annually. Pest Control Contract-$150.00 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300.00 per month with an $80.00 expense for gas. Also, you could rent out the 7833 square foot basement.
Status Change Info
Status Change Date: 2024-04-22
Income/Expenses
Gross Annual Income: 166800
Property Features
Property Sub-Type: Apartment
Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; Unfurnished
Sale Includes: Building and Land; Some Furnishings
Floors: Carpet; Vinyl
Tenant Expenses: Electricity; Gas
Owner Expenses: Gas; Water
Fuel: Electric; Gas (Natural)
Heat: Central; Forced Air
Cooling: Central Cooling
Construction: Frame - Brick
Roof: Metal
Siding: Brick
Garage/Parking: Off-Street Parking; On Premise Parking
Exterior Features: Porch - Covered; Windows - Aluminum; Windows - Dble Pane
Misc Features: Internet Available; Walk-in Closets
Other Rooms: Bedroom Main Level; Breakfast Room; Mstr Bdrm Main Level
Miscellaneous: Coin Laundry; Porch; TV Cable Available
New Financing: Cash; New Loan
Listing Office: Century 21 Masengill-McCrary Realtors
Office Phone: 423-586-6653
Last Updated: April - 22 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.