Address
8160 Rutledge Pike Rutledge, TN
Price
$ 199,900
Property Attributes
  • MLS#1101045
  • TypeMulti-Family
  • CountyGRAINGER
  • CityRutledge
  • AreaGrainger County
  • Zip37861
  • StyleApartment
  • Year Built1924
  • Taxes1882
  • Price$ 199,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6256
Listing Provided Courtesy Of:
Re/Max Real Estate Ten
Property Description

Great Investment Opportunity! This 7 unit apartment complex was the old ''Rutledge Inn'' in previous years. Located on Rutledge Pike/Highway 11W this building is in the heart of Rutledge and convenient to everything. $2700 per month gross rental income. Building has an additional 2858 sq ft in the basement that could be converted into additional units or office space. Mix of 1 and 2 bedroom units. Apartments have public water and public sewer. Tenants pay for their own water and electric. Approximately $27,000 net income per year. Numerous updates in 2019.1 bed/1 bath $375/month1 bed/1 bath $400/month1 bed/1 bath $375/month2 bed 2 bath $475/month2 bed/ 2 bath $500/month2 bed/ 1 bath $475/month2 bed/ 1 bath $500/

Price History
11/18/2019 Listed $199,900

General Features

Area Grainger County - 45
Auction Y/n No
Construction Block
Garage Features Off-Street Parking
High School Rutledge
Middle School Rutledge
Misc Features Washer/Dryer Connect
Miscellaneous Porch, Storage Space, TV Cable Available, Washer/Dryer Cnctns
New Financing Cash, Conventional
Number of Units 7.00
PUD Y/N No
Property Status N/A
Property SubType Apartment
Property Type B
Restrictions No
Utilities/Mo Avg 165.00
Virtual Tour https://listings.realbird.com/tour/D3D6A6F2/502869/1-2/8160-Rutledge-Pike-Rutledge-TN-37861
Year Built 1924

Interior Features

Appliances Range/Oven, Refrigerator
Cooling Central Cooling, Wall Cooling
Floors Carpet, Hardwood, Vinyl
Fuel Electric
Heating Baseboard Wall, Central
Other Rooms Foyer

Exterior Features

Driveway Gravel
Exterior Features Balcony, Cable Available (TV Only), Deck, Porch - Covered, Windows - Aluminum
Lot Size 140 x 210 IRR
Siding Cement, Vinyl

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 37861

Price
AVG $210K
$200K
Taxes
AVG $1,811
$1,882
Visits
AVG 10
34
Year Built
AVG 1924
1924
Walkscore
AVG 32
34
Data Provided by Walkscore ® not using MLS data

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