$702,000
$749,990
6.4%For more information regarding the value of a property, please contact us for a free consultation.
1402/1404 Hicks Rd Jefferson City, TN 37760
5,084 SqFt
Key Details
Sold Price $702,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,084 sqft
Price per Sqft $138
Subdivision Claude Williams Prop
MLS Listing ID 1281497
Sold Date 01/10/25
Originating Board East Tennessee REALTORS® MLS
Year Built 1995
Lot Dimensions 203 x 413 x 345 x 177
Property Description
TWO ALL BRICK TRIPLEXES with metal roofs, city water/sewer and paved parking now available (6 total units)! Each unit is 2BR/1BA, with separate laundry room, tenants pay their own utilities and all are on month to month leases, so new owner has flexibility to change lease terms!
The average rent for a 2BR apt in Jefferson City is $1,400/mo (per https://www.zumper.com/rent-research/jefferson-city-tn as of Nov 2024).
Current leases: (4) tenants pay $1,100/mo and (2) tenants pay $1,200/mo. Estimated monthly expenses: Insurance $177 / Lawn Care $170 / City/County Taxes $347.
All built-in kitchen appliances and (3) sheds convey to buyer. Washers/Dryers belong to tenants.
Location less than half a mile to 11E and approx. 7 miles to I-40, gives easy access to Jefferson City, Morristown, Sevier Co and more!
Rent roll, FAQ's & leases available in associated docs.
Please note: buyer to verify all info, shaded areas in photos are lot line approximations and drone photos not indicative of view.
Location
State TN
County Jefferson County - 26
Rooms
Family Room Yes
Other Rooms Bedroom Main Level, Family Room, Mstr Bedroom Main Level
Interior
Heating Central, Electric
Cooling Central Cooling
Flooring Laminate, Carpet, Tile
Appliance Range, Refrigerator
Heat Source Central, Electric
Exterior
Exterior Feature Porch - Covered, Deck
Parking Features On Premise Parking, Off-Street Parking
Garage Description Off-Street Parking, On Premise Parking
Roof Type Metal
Garage No
Building
Faces From Knoxville, take 11-E to Jefferson City, take RT immediately after KFC onto Hicks Rd, properties on left
Structure Type Brick
Schools
High Schools Jefferson County
Others
Tax ID 024H E 009.01 / 024H E 009.00
Energy Description Electric
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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