Are you in the market for a great investment opportunity? Look no further than this Tennessee investment property for sale! This 2 bedroom, 1 1/2 bath condo is a steal with long term tenants already in place. The primary bedroom even boasts a cozy fireplace to enjoy on chilly evenings.
Inside, the condo features an eat-in kitchen, laundry room, and a spacious living/dining room. You can even enjoy the outdoors on the deck off the kitchen. The condo has been recently painted and has new flooring in the kitchen and bathroom. The HVAC has just been serviced and the thermopane windows provide energy efficiency.
Located in Eastern Oak Ridge, the condo is conveniently close to Melton Lake Drive and provides easy access to Oak Ridge, Clinton, and Knoxville. The neighborhood is quiet and there is plenty of parking for you or your guests. The HOA fee of $125 covers everything outside including the siding, roof, and lawn maintenance.
The best part? The current tenants have been in the unit for 9 years and want to stay another 4. The current owner bought the unit with them in it, but they are currently on a month-to-month lease. They are paying $900 per month, and if you buy the condo with the tenant, part of the agreement would be that you cannot raise the rent for 3 months. If you do want them to vacate, you must allow 2 months notice.
This is a great opportunity to invest in a property with long term tenants already in place. Don’t miss out on this great deal – contact the seller today to schedule a viewing!
119 B Arcadia Lane, Oak Ridge, TN 37830