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503 Leonard Street 1-4, Greeneville, TN 37745
Property Facts
Property Type: Multi Family
Sub Type: Multi Family
Status: Active
Year Built: 1980
Lot Acreage: 0.49
Lot Dimensions: 318.98X161 IRR
City Taxes: $592.02
County Taxes: $568.75
Elementary School: Highland
Middle School: Greeneville
High School: Greeneville
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.
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
Listing Courtesy
Arbella Properties JC/FB