503 Leonard ST #1-4, Greeneville, TN 37745
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503 Leonard ST #1-4, Greeneville, TN 37745
503 Leonard ST #1-4, Greeneville, TN 37745
503 Leonard ST #1-4, Greeneville, TN 37745
503 Leonard ST #1-4, Greeneville, TN 37745
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Jeff Orr Arbella Collective

Jeff Orr Arbella Collective

+1(423) 564-2023
$ 295,000
Est. payment /mo
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503 Leonard ST #1-4 Greeneville, TN 37745

2,016 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,016 sqft

Price per Sqft $146

MLS Listing ID 9999174

Style Other

HOA Y/N No

Year Built 1980

Lot Size 0.490 Acres

Acres 0.49

Lot Dimensions 318.98X161 IRR

Property Sub-Type Multi Family

Source Tennessee/Virginia Regional MLS

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.

Location

State TN

County Greene

Area 0.49

Zoning R3

Direction 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.

Rooms

Basement Crawl Space

Interior

Heating Baseboard

Cooling Wall Unit(s), Window Unit(s)

Flooring Vinyl, Carpet, Hardwood, Laminate

Window Features Double Pane Windows,Single Pane Windows

Heat Source Baseboard

Exterior

Parking Features Unpaved, Shared Driveway

Roof Type Composition,Shingle

Topography Sloped, Cleared

Porch Front Porch

Building

Story 1

Entry Level One

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories 1

Structure Type Wood Siding

Schools

Elementary Schools Highland

Middle Schools Greeneville

High Schools Greeneville

Others

Senior Community No

Tax ID 098d A 004.00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Tim Hensley • Arbella Properties JC/FB
Jeff Orr Arbella Collective

${companyName}

Phone

+1(423) 564-2023

Address

Mailing: 1805 W State of Franklin Rd, Ste 900, Johnson City,TN / Brokerage: 7121 Regal Lane, Ste 215, Knoxville, TN 37918 844-591-7325

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503 Leonard ST #1-4