Triplex Apartment Building

ONLINE ONLY

AUCTION

Begins to End Thurs., June 2 @ 7 PM

Triplex Apartment Building

307 Ellison Rd., LaFollette, TN 37766

**ALL APTS ARE OCCUPIED - EXTERIOR INSPECTION ONLY**

 

Built in 1994, this well maintained, 1596 sq. ft. full brick apartment building has 3 one bedroom units. All units are occupied with long-term leases, and the total annual rent is over $22,000. Each apartment is metered individually for electric, water, sewer, and has CH&A as well. Completely remodeled, this complex also has two basement storage units that could be rented for additional income. Apartments have a great location, just 1/5 mile off 4-lane near main business district of LaFollette, in walking distance of Food City and majority of local restaurants. Great opportunity for someone wanting to get  started in the rental market, which continues to climb in demand.

2021 Property Taxes: $1,565     Tax Map: 103F        Group: C       Parcel: 031.00                    Warranty Deed Book: 543          Page: 453

 

LOCATION: Turn on Ellison Rd. beside of Burger King, travel 1/5 mile, property is on the left.

TERMS: 10% down within 24 hours of auction completion, balance due upon closing within 30 days. 10% Buyer’s Premium.

Auctioneer: Paul Provins  TN LIC#: 4528

Property questions, call 423-562-4941.  Bidding questions, call 423-286-0041.