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$2,500,000   Price Analysis
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5305 W Andrew Johnson Hwy
Morristown, TN 37814
Unknown bed None bath 20,206 SqFt ($123/SqFt)
3.05 acre lot. Built 1977
Listed 2024-04-22
Ⓧ USDA Ineligible
due to price & location

near Morristown

6 bay auto repar 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.





Property MLS #1260178 from EastTennessee

Total Bathrooms: 0

Walk-In Closet(s)
Flooring: Carpet, Vinyl

Cooling Features: Central Cooling
Heating Features: Central, Forced Air, Natural Gas, Electric
Heating: Yes

Windows - Dble Pane
Windows - Aluminum
Porch - Covered

Driveway: Blacktop
Parking Features: On Premise Parking, Off-Street Parking

Lot Size Acres: 3.05
Lot Size Dimensions: 204 X 271
Lot Size Square Feet: 132858

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Alpha
High School: Morristown West
Middle School: West View

Alpha Elementary School is a public elementary school located approximately 0.6 miles away.
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West View Middle School is a public middle school located approximately 1.9 miles away.
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Morristown West High School is a public high school located approximately 4.7 miles away.
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Lakeway Christian School is a private elementary, middle and high school located approximately 2.4 miles away.
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Gross Income: 166800

Number of Units: 16

Annual Tax Amount: 8150.270000000
Source Listing Status: Active
County: Hamblen County - 38
Directions: On West Andrew Johnson across the highway form Morristown Chevrolet, on the corner of Panda.
Disclaimer: No
Source Property Type: Multi-Family
Area: Hamblen County - 38
MLS Area Minor: Hamblen County - 38
Source Neighborhood: Panther Village
Parcel Number: 048 018.05
Subdivision: Panther Village
Source System Name: C2C

Listed 2024-04-22
$2,500,000
EastTennessee

Total Square Feet Living: 20206
Year Built: 1977
Building Area Total: 20206
Building Exterior Type: Brick
Construction Materials: Brick
Property Age: 47
Total Area Sqft: 20206
Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.