Pat McCollum Can Help You Purchase This Unit

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20370 W Lee Hwy, Philadelphia, 37846

Priced At: $600,000

Property Details for ID: 1279428

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SqFt: 4,746
Price SqFt: $126
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2024-10-14T19:39:22Z

Public Remarks: Sunrise Inn is currently operated as a daily/weekly/monthly rental. The property is ideally positioned for renovations and updates, resulting in increased revenue for investors. The seller enjoys 100% occupancy due to the property's convenient location and the lack of short-term rentals in the Philadelphia/Loudon area. Long-term occupancy history. Value add. Demonstrated need for short-term rentals in the area. One of the fastest growing counties in Tennessee. New Metal Roof in 2015. The seller also owns the .74-acre parcel across the street, which can be purchased for $100,000.

Schools Information

Sorry, school information is not available for this listing.

Building Description

Year Built: 1960
SqFt (Total): 4,746
Sub-Type: Other
Sale Includes: All Furnishings, Building and Land
Unit Type(s): Efficiency Unit, 1 Bedroom Unit, Furnished, Other

  Exterior Features

Features: Cable Available (TV Only)
Construction: Other

  Appliances

Other

  Room Dimensions

  Interior Features

Floors: Laminate
Other Rooms: Other
Misc Features: Other

  Property Details

Utilities

Fuel Types: Other Fuel

Financing

Finance Options: Call Listing Agent, Cash, Conventional, New Loan, Other
Gross Annual Income: 141,600
Annual Operating Expenses: 73,416
Net Operating Income: 68,184

  HOA Information

Heating & Cooling

Cooling Type(s): Other
Heat Type(s): Other

Garage / Parking

Other

  Community Features

Outbuildings


Presented By: / NAI Koella l RM Moore

Up Coming Open Houses

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Directions

Corner of Hwy 11 & Pond Creek Rd



Your commute

( Departing today at 8:00am )


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