1427 Independence Ave Mt Carmel, TN 37645-3011
14-910. Mixed Use 2 (MX-2) District. 14-911. Industrial District M-1. 14-912. Communication facilities. 14-913. [Deleted.] 14-914. [Deleted.] 14-915. [Deleted.] 14-916. [Deleted.] 14-901. Single Family Residential District R-1 . It is the intent of this district to establish low density residential areas along with open areas which appear likely to develop i…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
MX-2 · Mt Carmel, TN14-910. Mixed Use 2 (MX-2) District. 14-911. Industrial District M-1. 14-912. Communication facilities. 14-913. [Deleted.] 14-914. [Deleted.] 14-915. [Deleted.] 14-916. [Deleted.] 14-901. Single Family Residential District R-1 . It is the intent of this district to establish low density residential areas along with open areas which appear likely to develop in a similar manner. The requirements for the district are designed to protect essential rural characteristics of the district, to promote and encourage an environment for family life and to prohibit business activities. (1) Permitted uses . In order to achieve the intent of the Single Family Residential District R-1 as shown on the Zoning Map of the Town of Mount Carmel, Tennessee, the following uses are permitted: (a) Single family dwellings; (b) Customary general farming wi th adequate means of waste disposal; (c) Customary home occupations provided that: (i) There is no external evid ence of the occupation except an announcement sign not more than two (2) square feet in area; (ii) That only one (1) person, not a resident of the dwelling is employed; and (iii) Not more than thirty pe rcent (30%) of the total floor area of the dwelling is used. (d) Publicly owned buildings and uses, schools offering general education, and churches and other semi-public uses provided that: (i) The location of these uses shall first be reviewed and approved by the Mount Carmel Planning Commission; 14-28 (ii) The buildings are placed not less than thirty feet (30') from the front, side, and rear property lines; (iii) There are buffer strips along the side and rear property lines. (e) Cemeteries. (2) Accessory uses . (a) Customary accessory buildings provided that they are located in rear yards, meet all setback requirements, and are not closer than three feet (3') to any property line. (b) However, freestanding garages and carports are permitted in a side yard in accordance with the following provisions: (i) Must be in the rear or side yard. (ii) Maximum height of twenty feet (20'). (iii) Maximum floor area of one thousand (1000) square feet. (iv) Must be constructed of new building materials or equivalent as approved by the building inspector (v) If the light weight metal type, must be installed per manufacturer's instructions anch ored to prevent wind lift and movement, and meet all applicable building codes. (vi) May only be placed at the same time or after the principal structure is constructed.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.