830 Tennessee Ave, Etowah, TN 37331

Property Description

ATTENTION INVESTORS! Start generating income from day one with FOUR currently rented residential units producing a combined $2,590 per month, PLUS two main-level commercial spaces offering additional income and value-add potential! CURRENT RESIDENTIAL RENTAL INCOME: • Unit 1 - Studio - $600/month - Owner pays utilities • Unit 2 - 2 Bedroom - $695/month - Tenant pays utilities • Unit 3 - 1 Bedroom - $695/month - Tenant pays utilities • Unit 4 - Studio - $600/month - Owner pays utilities TOTAL CURRENT RESIDENTIAL RENTAL INCOME: $2,590/MONTH! The four apartments are located upstairs with a separate private entrance and are currently tenant occupied. The roof is approximately 5-6 years old, adding another attractive feature for investors looking for an established income-producing property. But the opportunity doesn't stop with the residential income! The main level features TWO separate commercial retail spaces in a high-visibility corner location along the main strip in Etowah, near the historic train depot. These spaces offer tremendous flexibility and could potentially be used for retail, boutiques, antique shops, offices, service businesses, or other permitted uses. Looking to increase the property's income potential even further? Explore leasing the commercial spaces, operating your own business from one while leasing the other, or consider reconfiguring portions of the commercial space to potentially create additional residential units. Buyers may also wish to explore zoning and possible residential conversion options with the City of Etowah. With FOUR existing income-producing apartments, TWO commercial spaces, 4½ bathrooms, excellent visibility, established rental income, and opportunities to add additional revenue streams, this property offers exciting potential for both immediate income and future growth. Buyer to verify zoning, permitted uses, potential conversions, rental information, utility information, square footage, and all information deemed important. Tenant occupied upstairs. 24-hour notice required to show.