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503 Leonard Street 14
Greeneville TN 37745
MLS #9999174 · Listing Courtesy of Arbella Properties JC/FB
$295,000
Active
0.49
Acres
1980
Built
Property Description
Excellent investment opportunity featuring four well-maintained 1-bedroom, 1-bath units, each approximately 500± SF. All units are in good condition and fully occupied, providing immediate rental income. Current gross monthly rents total $2,075, with all leases on a month-to-month basis, offering the opportunity to increase rents to current market rates. The property has been exceptionally maintained, including a new architectural roof and complete exterior repaint, both completed last year. Tenants pay their own electric, while the owner covers water/sewer (averaging approximately $60 per month), lawn care, and city-provided trash service. Each unit features in-wall A/C, baseboard heat, and an individual water heater. Two units also include washer hookups. This is a low-maintenance, value-add investment with strong upside potential.
Property Facts
Property TypeMulti Family
Sub TypeMulti Family
MLS Number9999174
Lot Dimensions318.98X161 IRR
City Taxes$592.02
County Taxes$568.75
Elementary SchoolHighland
Middle SchoolGreeneville
High SchoolGreeneville
Features & Amenities
Baseboard Heating
Block Foundation
Carpet Flooring
Cleared Lot
Composition Roof
Crawl Space Foundation
Double Pane Windows
Drywall Walls
Front Porch
Hardwood Flooring
Laminate Flooring
Lawn Maint
One-Level
Paneling Walls
Power Line Easements
Public Sewer
Public Water
Shared Driveway
Shingle Roof
Single Pane Windows
Sloped Lot
Unpaved
Vinyl Flooring
Wall Unit(s)
Water/Sewer
Window Unit(s)
Wood Siding Exterior
Directions
From Andrew Johnson Hwy (US-11E), turn onto N Main St (US-321), then left on Leonard St. Continue to 503 Leonard St, Greeneville, TN 37745.
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Additional Information
Contract InfoForeclosureNoGeneral Property Description# Buildings1# of Units4HOANoHome WarrantyNoStories1Total Units4ZoningR3Location Tax Legal InfoDeed Book #469ADeed Page #162Unit #1-4Structure TypeMulti FamilyYesQuadruplexYesStyleOtherYesUnit 1# Bathrooms1# Bedrooms1Monthly Rent575SqFt504Unit 2# Bathrooms1# Bedrooms1Monthly Rent450SqFt504Unit 3# Bathrooms1# Bedrooms1Monthly Rent575SqFt504Unit 4# Bathrooms1# Bedrooms1Monthly Rent425SqFt504
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