Sold for $4,520,000

$4,520,000

346 Old Gray Station Rd, Gray, TN 37615

--beds

0baths

--sqft

Multi Family

Built in 2003

-- sqft lot

$-- Zestimate^®

$--/sqft

$1,980 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,980/mo

Zestimate^® history

Owner options

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$1,980/mo

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$1,980/mo

Rent Zestimate^®

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$20,879/mo

Est. payment

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$20,879/mo

Est. payment

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What's special

40 units total. 6 1 bedroom, no garage. 14 1 bedroom, with garage. 8 2 bedroom, no garage. 12 large 2 bedroom, no garage. The owner has done a lot of capital improvements & prides himself in maintaining a very good product. These units are ready for a new investor to take over & start making money. Owner not providing T12 or P&L. Will provide rent rolls. Seller has a total of 4 apartment complexes for sale.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Central

Cooling

Central Air

Interior area

Total structure area: 0

Property

Lot

Size: 2.44 Acres
Dimensions: 2.44
Topography: Rolling Slope

Details

Parcel number: 012 094.00
Zoning: R-3 A

Construction

Type & style

Home type: MultiFamily
Architectural style: See Remarks
Property subtype: Multi Family

Materials

Vinyl Siding

Condition

Year built: 2003

Utilities & green energy

Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Gray

Financial & listing details

Tax assessed value: $3,089,500
Annual tax amount: $21,132
Date on market: 11/5/2024

Price history

Date	Event	Price
3/24/2025	Sold	$4,520,000-9.6%
Source: TVRMLS #9973123 Report a problem
11/30/2024	Pending sale	$5,000,000
Source: TVRMLS #9973123 Report a problem
11/5/2024	Listed for sale	$5,000,000+166.7%
Source: TVRMLS #9973123 Report a problem
8/29/2024	Listing removed	$1,000
Source: Zillow Rentals Report a problem
8/15/2024	Listed for rent	$1,000+39.9%
Source: Zillow Rentals Report a problem
1/10/2020	Listing removed	$715
Source: Kailyn Realty Management Inc. Report a problem
12/10/2019	Listed for rent	$715
Source: Zillow Rental Manager Report a problem
8/24/2005	Sold	$1,875,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$21,132	$1,235,800
2024	$21,132 +38.8%	$1,235,800 +74.6%
2023	$15,220	$707,920
2022	$15,220	$707,920
2021	$15,220	$707,920
2020	$15,220 -7%	$707,920
2019	$16,357	$707,920 -0.6%
2018	--	$711,840
2017	$16,940	$711,840
2016	$16,940 +20.2%	$711,840
2015	$14,093 -3.5%	$711,840 -3.5%
2014	$14,603	$737,600
2013	--	$737,600 +0.4%
2011	$14,054 0%	$734,320
2010	$14,054	$734,320
2009	$14,054 +13.7%	$734,320 +18.8%
2006	$12,362 +7%	$618,080
2005	$11,558	$618,080
2004	$11,558 +5829.4%	$618,080 +6019.6%
2003	$195	$10,100 +18.4%
2001	--	$8,527 -75%
2000	--	$34,108