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Absolute Auction -Income Producing Properties
August 28, 2021
INCOME PRODUCING PROPERTIES!!
SATURDAY, AUGUST 28, 2021 • 10:30 AM
5885 Rutledge Pike, Rutledge, TN 37861
31+/- Acres Offered in Tracts or as a Whole, Home & Mobile Home Park, with Room to Expand!
FOR ONLINE BIDDING CLICK THE LINK BELOW
SALE #1 – 5 LOTS
Lot 1 is approx. 14.65 level acres producing $810.00 monthly. Improved with 4 mobile home sites, 3 rented pads & 1- 16×80 owned. Beautiful expandable tract with room for future improvements. Approx. 180ft of Hwy frontage on Hwy 11W. Open House – Friday, August 27 from 2:00 PM to 6:00 PM (EST) or by appointment.
Lot 2 is approx. 1.02 level acres producing $695.00 monthly. Improved with a Historic early 1900’s rustic log home with lots of potential. Residential or commercial, with lots of covered porches, well house, approx. 284ft of Hwy frontage on Hwy 11W. Open House – Friday, August 27 from 2:00 PM to 6:00 PM (EST) or by appointment.
Lot 3 is approx. 5.02 level acres improved with barn & mobile home site. Open meadow, excellent for future development. Fronts Hwy. 11W approx. 50ft and existing Elizabeth Lane approx. 645ft.
Lot 4 is 5.01 Unimproved acres with excellent building sites & views for future development. Fronts Hwy 11W approx. 50ft and existing Elizabeth Ln approx. 587ft.
Lot 5 is approx. 5.667 acres across Hwy 11W. This Tract is unimproved with creek front, it corners Hwy 11W and Bluff Rd, fronting the waters of Richland Creek approx. 560ft, Bluff Rd approx. 445ft & Hwy 11W approx. 641ft.
Utility water runs along Rutledge Pike, Hwy 11W. Beautiful views from this property, level and easy drive to Rutledge, Dandridge, Morristown, Jefferson City & Knoxville.
ALL PROPERTIES TO BE SOLD FROM THE 5885 RUTLEDGE PIKE LOCATION
TERMS FOR ALL PROPERTIES – A 10% non-refundable deposit of the contract price will be required day of sale. Each purchaser will also be required to sign a promissory note for the full purchase price which will become null and void upon closing of the sale. These properties are being sold as is without contingencies financial or other, so please make any needed arrangements. Closings will take place on or before 30 days from sale day. This is a 10% Buyers Premium auction. Information deemed reliable but not guaranteed. Announcements made day of sale supersede any and all printed or verbal statements made by the Owners or the Auction Co.
NOTICE: Under U.S. c4582 (d) the purchaser of a single-family residence has a maximum of ten (10) days to conduct a risk assessment or inspection of the property for the presence of lead-based paint hazards. August 18, 2021 begins this ten (10) day period.
DIRECTIONS TO 5885 RUTLEDGE PIKE (Sale Site) – From Rutledge City Hall, take US 11W South approx. 5.3 miles to sale site. From the Rutledge Pike exit off I-40, take Rutledge Pike exit toward Rutledge Hwy (11W), travel North approx. 24 miles to sale site.
SALE 2 – Property in Knoxville
171 Hillview Avenue, Knoxville, TN 37914- Shown by appointment only – Produces $600.00 monthly. Water, sewer & gas available. All within the Knoxville City limits, just off Rutledge Pike. 2 Minutes from the I-40 / Rutledge Pike exchange. Great rental history! To be sold from 5885 Rutledge Pike, Rutledge, TN 37861.
DIRECTIONS TO SALE 2- Just off Rutledge Pk exchange, take Hwy 11W appx. 3/10 of a mile toward Rutledge, then 3/10 of a mile to left onto Ault Rd, follow 300ft, slight left to property straight ahead