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$235,000   Price Analysis
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198 Ellis St
Spring City, TN 37381
Unknown bed None bath 1,000 SqFt ($235/SqFt)
5,640SqFt lot. Built 1973
Listed 2024-06-21
USDA Eligible
near Spring City, TN
 

GREAT

AFFORDABLE INVESTMENT OPPORTUNITY. 2 buildings with 3 total rental units. Front unit is a recently updated retail space with 3 offices, large conference area, kitchen and half bath.

Back building has 2 separate units with 1 bdroom, 1 bath, living area and kitchen in each unit. These are convenient and located in the Spring City Limits. Call for your appointment today!


Presented by Angie Stumbo at
simpliHOM.
Listing Agent Photo

Property MLS #2669938 from RealTracs

Flooring: Laminate

Lot Size Acres: 0.1294766
Lot Size Square Feet: 5640

Garage Description: GRAVL
Parking Features: GRAVL

Elementary School: Spring City Elementary
High School: Rhea County High School
Middle School: Spring City Middle School

Rhea County High School is a public high school located approximately 8.3 miles away.
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Spring City Elementary School is a public elementary school located approximately 0.4 miles away.
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Spring City Middle School is a public middle school located approximately 0.6 miles away.
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King Memorial Seventh Day Adve is a private elementary and middle school located approximately 1.4 miles away.
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Number of Units: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Unit 1 Total Actual Rent: 550
Unit 2 Total Actual Rent: 650

Annual Tax Amount: 1518
Source Listing Status: Active
County: Rhea County, TN
Directions: Hwy 27 North to Spring City. Just before 1st red light, take a right onto Ellis Street. Property is on the right.
Source Property Type: Multi-Family
Inclusions: Appliances
Zoning: Commercial
Property Subtype: Duplex
Source System Name: C2C

Listed 2024-06-21
$235,000
RealTracs
Sold 2018-08-20
$39,000
RiverCounties
Price Changed 2017-12-18
$69,900
RiverCounties
Price Changed 2017-07-31
$79,900
RiverCounties
Price Changed 2015-05-05
$99,000
RiverCounties
Relisted 2014-10-10
$109,000
RiverCounties
Listing removed 2014-04-10
$109,000
RiverCounties
Price Changed 2013-10-18
$109,000
RiverCounties
Relisted 2013-10-14
$119,900
RiverCounties
Listing removed 2013-10-10
$119,900
RiverCounties
Listed 2013-04-09
$119,900
RiverCounties

Total Square Feet Living: 1000
Year Built: 1973
Living Area Source: Tax Record
Property Age: 51
Roof: Metal
Levels or Stories: 1.00
Total Area Main: 1000
Year Built Details: Existing

Sewer: PUSEW
Water Source: City Water
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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.