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5305 W Andrew Johnson Hwy Morristown, TN $ 2,500,000
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5305 W Andrew Johnson Hwy
$ 2,500,000
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5305 W Andrew Johnson Hwy

Morristown, TN, 37814
$ 2,500,000
Baths0.0 Sq 20,206

Monthly Estimate*

$ 17,463

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Studio

Multi-Family Home for sale in Morristown, TN

for $2,500,000. This 20,206 square foot home was built in 1977 on a lot size of 3.05.

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.

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Multi-Family Active

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

3.05

Year Built

1977

Town/City

Morristown

County/Region

Hamblen

MLS | Web ID

1260178
Features
General
Interior Features Walk-In Closet(s)
Heating Central Forced Air Natural Gas Electric
Cooling Central Cooling
Exterior Features Windows - Dble Pane Windows - Aluminum Porch - Covered
Construction Materials Brick
Year Built 1977
Gross Income 166800.0
County Hamblen County - 38
Property Type Multi-Family
Attached Garage N
Subdivision Name Panther Village
Garage Y/N N
Status Active
Directions On West Andrew Johnson across the highway form Morristown Chevrolet on the corner of Panda.
High School Morristown West
City Morristown
Buyer Agent Compensation 2.0000
View Y/N N
Total Units 16
MLS Area Hamblen County - 38
Lot Size Square Feet 132858.0
Carport Y/N N
Street Name Andrew Johnson
Elementary School Alpha
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School West View
Lease Renewal Y/N N
MLS Area Minor Hamblen County - 38
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Buyer Agent Compensation Type %
Senior Community None
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Interior
Flooring Carpet Vinyl
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Hwy
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features On Premise Parking Off-Street Parking
Lot Size Area 132858.0
Spa N
Building Area Total 20206.0
Lot Dimensions 204 X 271
Lot Size Acres 3.05
Lot Size Units Square Feet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5305
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* Excluded Features
List By
Hix Masengill

Listing Agent

Century 21 Masengill-Mccrary Realtors

Broker

hix@c21mmr.com

Email

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$17,463
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Monthly Principal & Interest
$17,463
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4645998 Elementary School
4508037 Middle School
Morristown West High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/22/2024$2,500,000 Listed Price

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5305 W Andrew Johnson Hwy, Morristown, TN, 37814 is a Multi-Family Home for sale at $2,500,000 with 20,206 sqft and a lot size of 3.05. 5305 W Andrew Johnson Hwy is a studio with 0.0 baths and was built in 1977. The property's zip code is 37814 which is in Morristown, TN

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