$1,200,000
$2,500,000
52.0%For more information regarding the value of a property, please contact us for a free consultation.
5305 Andrew Johnson Hwy Morristown, TN 37814
20,206 SqFt
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 20,206 sqft
Price per Sqft $59
Subdivision Panther Village
MLS Listing ID 1260178
Sold Date 09/30/24
Originating Board East Tennessee REALTORS® MLS
Year Built 1977
Lot Size 3.050 Acres
Acres 3.05
Lot Dimensions 204 X 271
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.
Location
State TN
County Hamblen County - 38
Area 132858.0
Rooms
Other Rooms Bedroom Main Level, Breakfast Room, Mstr Bedroom Main Level
Interior
Interior Features Walk-In Closet(s)
Heating Central, Forced Air, Natural Gas, Electric
Cooling Central Cooling
Flooring Carpet, Vinyl
Heat Source Central, Forced Air, Natural Gas, Electric
Exterior
Exterior Feature Windows - Dble Pane, Windows - Aluminum, Porch - Covered
Garage On Premise Parking, Off-Street Parking
Garage Description Off-Street Parking, On Premise Parking
Roof Type Metal
Parking Type On Premise Parking, Off-Street Parking
Garage No
Building
Faces On West Andrew Johnson across the highway form Morristown Chevrolet, on the corner of Panda.
Structure Type Brick
Schools
Elementary Schools Alpha
Middle Schools West View
High Schools Morristown West
Others
Restrictions No
Tax ID 048 018.05
Energy Description Electric, Gas(Natural)
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
Read Less
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