20370 West Lee Highway

Philadelphia, TN 37846

$600,000
Price
—
Beds
4,746 Sq. Ft.
$126 / Sq. Ft.
4,746
Sq. Ft.
$126
per Sq. Ft.

Description

Sunrise Inn is currently operated as a daily/weekly/monthly rental. The property is ideally positioned for renovations and updates, resulting in increased revenue for investors. The seller enjoys 100% occupancy due to the property's convenient location and the lack of short-term rentals in the Philadelphia/Loudon area. Long-term occupancy history. Value add. Demonstrated need for short-term rentals in the area. One of the fastest growing counties in Tennessee. New Metal Roof in 2015. The seller also...Sunrise Inn is currently operated as a daily/weekly/monthly rental. The property is ideally positioned for renovations and updates, resulting in increased revenue for investors. The seller enjoys 100% occupancy due to the property's convenient location and the lack of short-term rentals in the Philadelphia/Loudon area. Long-term occupancy history. Value add. Demonstrated need for short-term rentals in the area. One of the fastest growing counties in Tennessee. New Metal Roof in 2015. The seller also owns the .74-acre parcel across the street, which can be purchased for $100,000.
  1. Listed by Ryan McElveen • NAI Koella l RM Moore
  2. Listed by Heidi Adams • NAI Koella l RM Moore
LISTING UPDATED: 10/14/2024 03:48 PM

Property Details for 20370 West Lee Highway

StatusActive
MLS #1279428
Days on Market64
Taxes$1,421 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1960
Lot Size0.00 AC / 0 SF
CountyLoudon County

Building Information for 20370 West Lee Highway

Stories-Residences11Year Built1960Building Size-Lot Size0.00 AC / 0 SF

Property Information for 20370 West Lee Highway

Summary
Location and General Information
  • City: Philadelphia
  • County Or Parish: Loudon County - 32
  • Directions: Corner of Hwy 11 & Pond Creek Rd
  • Latitude: 35.681116
  • Longitude: -84.397802
  • MLS Area Major: Loudon County - 32
  • MLS Area Minor: Loudon County - 32
  • Postal Code: 37846
  • State Or Province: TN
  • Location Tax Legal Info Area: Loudon County - 32
  • Remarks Misc Directions: Corner of Hwy 11 & Pond Creek Rd
Parking
  • Attached Garage: No
  • Parking Features: Other
  • General Property Description Driveway: Yes
  • Garage Parking Other: True
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 055 064.00
  • Location Tax Legal Info Total Tax: 1420.52
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Area: 0.0
  • Lot Size Square Feet: 0.0
  • Year Built: 1960
  • Building Area Total: 4746.0
  • Living Area Source: Tax Records
  • Lot Size Acres: 0.0
  • Lot Size Dimensions: IRR
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Lot Dimensions: IRR
Property and Assessments
  • Possession: At Closing
  • Property Type Label: Multi-Family
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Possession At Closing: True
Utilities
  • General Property Description UtilitiesMo Avg: 1200.0
  • Fuel Other Fuel: True
Interior and Exterior Features
Exterior Features
  • Exterior Features: Cable Available (TV Only)
  • Construction Materials: Other
  • Exterior Features Cable Available (TV Only): True
  • Misc Features Other: True
Interior Features
  • Bathrooms Total Integer: 0
  • Kitchen Appliances: Other
  • Flooring: Laminate, Other
  • Heating: Yes
  • Floors Laminate: True
  • Floors Other: True
  • Heat - Other: True
  • Appliances Other: True
  • Other Rooms Other: True
  • Roof Metal: True
  • Roof Other: True
Multi Family
Income & Expenses Information
  • Gross Income: $141,600.00
  • Net Operating Income: $68,184.00
  • OperatingExpense: $73,416.00
Multi-Family Information
  • Number Of Units Total: 11
  • Type of Units Efficiency Unit: True
  • Type of Units 1 Bedroom Unit: True
  • Type of Units Furnished: True
  • Type of Units Other: True
  • Income Expenses Gross Annual Income: 141600.0
  • Income Expenses Annual Oper Expenses: 73416.0
Rental
Rent Information
  • Tenant Expenses Heating: Other
  • Tenant Expenses Other: True

Property History for 20370 West Lee Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 20370 West Lee Highway

Taxable ValueLand$9,600Additions$83,960Total$93,560
Home Facts
Total Finished SqFt6,290 SqFtAbove Grade Finished SqFt6,290 SqFtStories1Lot Size47,916 SqFtStyleHotel / MotelYear Built1960Year Renovated1979ZoningC-1CountyLOUDONAPN053055 06400

Schools near 20370 West Lee Highway

This home is within Loudon County School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 to 8
Public - PK to 5
Rating
School
Distance
Philadelphia Elementary School
PublicPK to 8

Loudon High School
Public9 to 12

Ft Loudoun Middle School
Public6 to 8

Loudon Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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20370 West Lee Highway is a multi-family home for sale in Philadelphia, TN 37846. This property was listed for sale on October 14, 2024 by NAI Koella l RM Moore, it's currently listed at $600,000. It has been on the market for a total of 64 days and was last sold on July 8, 2005. This listing's school district is Loudon County School District. Nearby schools include Philadelphia Elementary School, Loudon High School and Ft Loudoun Middle School. 20370 West Lee Highway is a 0-bed, 0-bath, 4,746 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NAI Koella l RM Moore, Ryan McElveen; NAI Koella l RM Moore, Heidi Adams (321.439.3175)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 10/14/2024 03:48 PM