1402/1404 Hicks Rd, Jefferson City, TN 37760

$702,000
: 5,084
SqFt

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Sold Price: $702,000
List Price: $749,990
Closing Date: Jan 10, 2025
MLS#: 1281497
Status: CLOSED
Type: Multifamily
City: Jefferson City
County: Jefferson
Living Area: 5,084
Year Built: 1995
Subdivision: Claude Williams Prop

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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.