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Absolute Auction 4 Income Producing Properties

AUCTION LOCATION
138 Mary Lee Dr Seymour, TN 37865

AUCTION DATE
June 29, 2017

AUCTION TIME
11:00 AM

TIME ZONE
Eastern

INSPECTION DATE
June 28, 2017

INSPECTION TIME
2:00-6:00 PM

CONTACT
865-774-5789

Auction Information

Absolute On-Site Auction 

2 Homes / Duplex / 8-Unit Apartment Building 

Thursday,  June 29th at 11:00 AM 

Preview: Wednesday, June 28th 2:00-6:00 PM

Auction will be held on-site at 138 Mary Lee Dr. Seymour, TN 37865

Residential Home : 138 Mary Lee Dr. Seymour, TN

912 Sq. ft. / 2 Bdr / 1 Bath / .61ac.

Tenant pays utilities: Water / Electric

Previously rented at $700.00 per month

To remain vacant at request of auction co. for viewing.

Residential Home at 142 Mary Lee Dr. Seymour TN

912 Sq. ft. / 2 Bdr / 1 Bath / .57ac.

Tenant pays utilities: Water / Electric

Presently rented at $700.00 per month

Duplex Apartment at 146 Mary Lee Dr. Seymour, TN

960 Sq. ft. total 2-1 Bdr 1 Bath Each .32ac.

Tenant pays Electric / Landlord pays utility water

Presently rented at $750.00 per month (total both units)

8 Unit Apartment Complex at 146 Mary Lee Dr. Seymour, TN

4604 Sq. (4) Units Upper Level (4) Units Lower Level / 1.30ac.

Upper Level: (2) 2 Bdr (2) 1 Bdr each with 1 Bath

Lower Level: (2) 2 Bdr (2) 1 Bdr each with 1 Bath

Tenants pay Electric / Landlord pays utility water

1 - 1Bdr unit to remain vacant at request of auction co. for viewing

Total income on 8 unit apartment complex at time of print $2,625.00 Monthly

Rent growth potential: All tenants on month by month rental basis

Rents Projection with 100% occupancy all properties total $5,450.00 Monthly

Note: Apt 1 in 8 Unit Apartment Complex receives rent concession for management

The 8 Unit Apartment Complex parcel has a additional 40x80 Pole Barn with two 12x12 toll up doors perfect for equipment storage and or added rental potential

Additional Items Being Sold: 

Gravely 260z Zero Turn Mower with 25hp Kawasaki engine 60in cut with 800 hours

Earthquake series Portable 2-man  Auger Model 98008 in good condition

6 1/2 x12 Utility Trailer spring assist rear liftgate

Metal Rack and assorted 1/4 inch Tread Plate

2 Drop Axles 8 Lug (7,000lb axles perfect to build low profile trailer)

8 Unit Apartment Complex Map

Duplex, House 1 and House 2 Map

Directions: In Seymour Tn at the intersection of Hwy 411 and Boyd's Creek Hwy travel towards Maryville on Hwy 411 go 1.1 mile to right onto Mary Lee Dr. to auction site on your right.

10% Buyer's Premium 

Real Estate Terms: 10% Down day of sale. Balance due at closing within 30 days.

Broker Participation is available to all licensed Real Estate Professionals. Please contact the office for guidelines and approval.

10% Buyer's Premium Real Estate Terms: 10% Down day of sale. Balance due at closing within 30 days. Broker Participation is available to all licensed Real Estate Professionals. Please contact the office for guidelines and approval.