BJ Can Help You Purchase This Unit

Thank you for choosing BJ Swinehart! As one of the Knoxville area's premier Real Estate Brokers, I am uniquely qualified to help you find the perfect property. On the lake, around town or out on a farm. Remember, BJ is here to help!

20370 W Lee Hwy, Philadelphia, 37846

Priced At: $600,000

Property Details for ID: 1279428



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

Sorry, no open houses are currently available for this listing.

Directions

Corner of Hwy 11 & Pond Creek Rd



Your commute

( Departing today at 8:00am )
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Four Reasons to Use BJ Swinehart

Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!

Skilled Negotiator

I have taken advanced course work and have acquired valuable negotiation skills to provide you with the best outcome.

Relocation Assistance

I can give you referrals to trusted loan officers, insurance agents, home inspectors, heat & air specialists, title companies and all service providers dealing with all things home.

Educated Advocate

Need educated advice and a strong advocate, I will provide advice based on years of experience and advanced education.

International Experience

I am a Certified International Property Specialist and have worked with buyers and sellers from all over the world.



Re/max Preferred Properties is a licensed Tennessee Real Estate Firm. Firm License 209356. Some or all of the Listing Displayed on this Site may not belong to Re/max Preferred Properties. The data relating to real estate for sale on this website is being provided for the consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.