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BJ Can Help You Purchase This Home
Thank you for choosing Daniel Parker! As one of the Knoxville area's premier Real Estate Brokers, I am uniquely qualified to help you find your dream home. On the lake, around town or out on a farm. Remember, BJ is here to help!
407 W Wheeler St, Rockwood, 37854
Priced At: $1,170,000
Property Details for ID: 1355281
SqFt: 1,793
Price SqFt: $653
Total Bedrooms: 3
Full Baths: 1 / Half Baths: 0
MLS Status: Active
Property Type: Residential
On Market Date: 2026-09-12T00:05:26Z
Public Remarks: Rare opportunity to purchase a 100% occupied, seven-property investment portfolio in Roane County. This professionally managed portfolio offers multiple income-producing properties and strong potential for investors looking to expand or establish a presence in a growing market. Current property management may be available to continue for a seamless transition. The portfolio has been appraised. Seller financing may be considered only with the purchase of the entire portfolio. Properties may also be purchased individually. Please do not disturb tenants. Portfolio includes: 525 Sewanee Street: 2 bedrooms, 1 bathroom, $175,000, currently rented for $950 per month. 407 West Wheeler Avenue: 3 bedrooms, 1 bathroom, $200,000, currently rented for $1,250 per month. 521 North Chamberlain Avenue: 2 bedrooms, 1 bathroom, $170,000, currently rented for $950 per month. 265 Morning Drive: 3 bedrooms, 1 bathroom, $165,000, currently rented for $820 per month. 210 Barnett Circle: 2 bedrooms, 1 bathroom, $120,000, currently rented for $900 per month. 619 South Patton Avenue: 3 bedrooms, 1 bathroom, $150,000, currently rented for $1,200 per month. 501 West Rockwood Street: 3 bedrooms, 1 bathroom, $190,000, currently rented for $900 per month. Total portfolio price is $1,170,000. Current gross monthly rental income is $6,970. Current gross annual rental income is $83,640. Buyer and buyer's agent to independently verify all information, including square footage, rental income, occupancy, property details, and intended use.
Schools Information
Sorry, school information is not available for this listing.Building Description
Site Built: Yes
Year Built: 1919
Total Rooms: 0
SqFt (Total): 1,793
SqFt (Main Lvl): 0
Full Baths: 1
1/2 Baths: 0
Fireplace: Yes
Bonus Room: No
Basement: No
Basement Type: Slab
Exterior Features
Appliances
Room Dimensions
Interior Features
Property Details
Utilities
Financing
HOA Information
HOA: No
Heating & Cooling
Total Fireplaces: 2
Garage / Parking
Community Features
Outbuildings
Up Coming Open Houses
Directions
From I-40 take Exit 329 Crab Orchard, then turn left on Bat Town Road, then stay straight to go onto Market Street, then first right onto Hwy 70, then in approx 12 miles Turn left onto S Gateway Ave, Then 2.02 miles Turn left onto E Wheeler St., home is on left.
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
Four Reasons to Use Daniel Parker
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!