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Sold for $765,000
  • $765,000

    362/376 Oak Grove Rd, Madisonville, TN 37354

    30beds
    30baths
    1,200sqft
    Multi Family
    Built in 1980
    -- sqft lot
    $820,900 Zestimate®
    $638/sqft
    $1,145 Estimated rent

    Home value

    $820,900

    $575,000 - $1.18M

    $1,145/mo

    Zestimate® history
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    $1,145/mo

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    $4,301/mo

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    What's special

    Amazing opportunity to add value to this park. Current income at 9975.00 per month. 5 properties that are not habitable, can be renovated, or pulled out and replaced. Great tenants, no drugs, no theft. Everyone currently pays on time, in cash. All the straight rentals have been remodeled, with either thru the window heat and air units, or mini split systems. Newer appliances, roofs repaired. Singlewides do not age well, but I promise the inside of these units are clean, and up to par. This park was mismanaged by an unlicensed property manager, but is now under good management. Many of the RTO could be flipped to a straight rental. The adjoining could could be developed, and the little garage/efficiency apt could be rented after being fixed up. 174 2/2 lease 700-900, 311 3/3 Owned 300.00-500.00, 199 2/2 Owned 300-500.00

    Zillow last checked: 7 hours ago

    Listing updated: October 13, 2024 at 07:04am

    Listed by:

    Diane N. Tomek,

    Genesis Realty & Property Management, LLC

    Bought with:

    Jennifer Cansler, 332991

    Silver Key Realty

    Source: East Tennessee Realtors,MLS#: 1264852MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 30
    • Bathrooms: 30
    Heating
    • Heat Pump, Central, Other, Electric
    Cooling
    • Other, Attic Fan, Central Air
    Appliances
    • Included: Range
    Features
    • Flooring: Vinyl
    Interior area
    • Total structure area: 1,200
    • Total interior livable area: 1,200 sqft

    Property

    Parking
    • Parking features: Off Street
    Lot
    • Size: 13.77 Acres
    • Dimensions: 13.77
    Details
    • Parcel number: map 57, pcl 12.03, 13.00, 15.01

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Aluminum Siding, Frame
    Condition
    • Year built: 1980

    Community & neighborhood

    Location
    • Region: Madisonville
    • Subdivision: Hunters Cove

    Other

    Other facts
    • Listing terms: New Loan,Cash,Conventional

    Price history

    DateEventPrice
    9/30/2024Sold$765,000-3.8%$638/sqft
    Source: East Tennessee Realtors #1264852 Report a problem
    6/7/2024Pending sale$795,000$663/sqft
    Source: East Tennessee Realtors #1264852 Report a problem
    6/2/2024Listed for sale$795,000$663/sqft
    Source: East Tennessee Realtors #1264852 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 37354

    Nearby schools

    GreatSchools rating
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