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305 Boone Street Strawberry Plains, TN $ 850,000
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$ 850,000 Get more info
305 Boone Street
$ 850,000
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305 Boone Street

Strawberry Plains, TN, 37871
$ 850,000
Baths0.0 Sq 4,582

Monthly Estimate*

$ 5,938

305 Boone Street, Strawberry Plains, TN 37871 - Image 1
Studio

Commercial Property for sale in Strawberry Plains, TN

for $850,000. This 4,582 square foot building was built in 1971 on a lot size of 0.47.

Imagine buying a small apartment complex 20 minutes from Knoxville where it will immediately bring in money from 4 of the 5 units. That's what we are offering in Strawberry Plains!!! Ready to buy your first apartment complex? Then we have a great deal for you! Boone Street, LLC is for SALE! We're selling the whole business with the real estate attached. What does that mean exactly? We're selling 9 years of tax returns, services, leases, bank records, and the PROPERTY! This is a great strategy for new investors looking for an established business. You can jump-start your portfolio by taking on our experiences over the last 9 years of owning and operating this complex. And wait- there's more! We are willing to OWNER FINANCE to a qualified Buyer. 25% down, 30-year amortization with a 5 year balloon depending on credit score and past real estate experience. 9% interest for qualifying Buyers. OR MAKE US A BETTER OFFER! Feel free to drive by Boone Street Apartments in Strawberry Plains. Please do not disturb the tenants. Rent rolls, pro forma numbers, leases, maintenance records, taxes, EVERYTHING can and will be provided after LOI or Purchase and Sale Agreement. 4,582 sq ft of the BUILDING taken from the tax records. 20,623 sq ft of PROPERTY taken from the tax records. Buyer to verify square footage. Water is paid for by the owner. Other utilities in tenants' name(s). Send us your offers ASAP! 305 Boone Street Strawberry Plains TN 5 units: 4 occupied

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Commercial Active

Price

$ 850,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,226

Style

Multi Family

Lot Size

0.47

Year Built

1971

Town/City

Strawberry Plains

County/Region

Knox

MLS | Web ID

300720
Features
General
Sewer Public Sewer
Cooling Wall Unit(s) Other
Zoning Commercial
Construction Materials Brick
Year Built 1971
Tenant Pays Cable TV Electricity Insurance Janitorial Service Sewer
Levels Two
Property SubType Multi Family
Tax Year 2022
Business Type Residential
County Knox
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name None
Possible Use Multi-Family
Other Structures None
Status Active
Directions Turn right at the 1st cross street onto US-11W N/Rutledge Pike  3 min (2.8 mi)  Continue to Mascot Rd 6 min (3.1 mi)  Take US-11E N to Boone St in Strawberry Plains
City Strawberry Plains
MLS Area Knoxville
Lot Size Square Feet 20473.2
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 3
Street Name Boone
Land Lease Y/N N
Tax Annual Amount 1226.4
Current Financing None
MLS Area Minor Knoxville
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Lot 5
Senior Community None
New Construction None
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Interior
Basement Crawl Space
Flooring Luxury Vinyl Vinyl
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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Exterior
Fencing None
Lot Features Back Yard Corner Lot Few Trees
Water Source Public
Total Parking 10.0
Lot Size Area 0.47
Spa N
Building Area Total 4582.0
Lot Size Acres 0.47
Road Surface Type Paved
Lot Size Units Acres
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Internal Only
Street Number 1 305
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* Excluded Features
List By
865 Investors, Llc

Broker

Info@whitneynicely.com

Email

Affordability Calculator

$6,040
Per Month
98%
2%
0%
Monthly Principal & Interest
$5,938
Monthly Property Taxes
$102
Monthly Home Insurance
--
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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2009826 Elementary School
2009827 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/13/2024$850,000 -8.11% Price Down
5/6/2024$925,000 -5.13% Price Down
4/29/2024$975,000 Listed Price

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305 Boone Street, Strawberry Plains, TN, 37871 is a Commercial Property for sale at $850,000 with 4,582 sqft and a lot size of 0.47. 305 Boone Street is a studio with 0.0 baths and was built in 1971. The property's zip code is 37871 which is in Strawberry Plains, TN

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