Absolute Auction 4 Income Producing Properties
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)
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.