$680,000
$695,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
619-707 Cates St Maryville, TN 37801
5,612 SqFt
Key Details
Sold Price $680,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,612 sqft
Price per Sqft $121
Subdivision Howe Addn
MLS Listing ID 1167972
Sold Date 12/17/21
Year Built 1910
Lot Size 0.420 Acres
Acres 0.42
Lot Dimensions 215X106Xirreg
Source East Tennessee REALTORS® MLS
Property Description
Huge Price Reduction! 6.1 Cap Rate! Amazing Maryville Location! Steps to Maryville College - Adjacent to College Park
Please don't let the exteriors fool you! These units show well inside. First time on the market in over 40 years. This complex consists of 2 buildings. 619 Cates contains 4 units. 707 Cates contains 6 units (Unit 713 was split into 713A & 713B- they share 1 electric & 1 water meter). 619 Cates has 4 electric meters & 1 water meter. 707 Cates has 5 elecric meters & 5 water meters. Current owner supplies all utilities & cable to 707 Cates. Going forward, it makes economic sense to transfer utilities to the tenants and stop paying cable which would greatly increase cash flow.
Location
State TN
County Blount County - 28
Area 18296.0
Rooms
Other Rooms Other
Interior
Heating Central, Natural Gas, Other, Electric
Cooling Central Cooling, Wall Cooling
Flooring Laminate, Hardwood, Carpet, Vinyl
Appliance Refrigerator
Heat Source Central, Natural Gas, Other, Electric
Exterior
Exterior Feature Porch - Covered
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Composition, Built-Up
Garage No
Building
Faces From Hwy 321 in downtown Maryville turn left (South) onto Cates. Property will be on your right adjacent to College Park.
Structure Type Stucco,Frame,Other
Others
Restrictions No
Tax ID 058H D 016.00 000
Energy Description Electric, Gas(Natural)
Acceptable Financing New Loan
Listing Terms New Loan
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