$1,100,000
$1,350,000
18.5%For more information regarding the value of a property, please contact us for a free consultation.
7,800 SqFt
SOLD DATE : 05/01/2025
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,800 sqft
Price per Sqft $141
Subdivision Big River Overlook
MLS Listing ID 304408
Sold Date 05/01/25
HOA Y/N No
Year Built 2004
Annual Tax Amount $4,375
Tax Year 2023
Lot Size 1.400 Acres
Acres 1.4
Property Sub-Type Multi Family
Source Great Smoky Mountains Association of REALTORS®
Land Area 7800
Property Description
This is a fantastic investment opportunity! Ten 2-bedroom 1-bath units with laundry room, refrigerator, and electric stove. Low maintenance and well maintained. About half the units have vinyl plank flooring, and the other half have carpeting. Current rents are $800.00 per month. Yearly gross income $96,000.00. Each unit pays for all utilities. The owner provides dumpsters for trash, pest control service, and lawn care. Most of the property is in a 500-year flood zone; to this date, the property has never flooded. The owner is willing to finance.
Location
State TN
County Sevier
Zoning Residential
Direction From Parkway: Turn left at Forks of the River Parkway for .6 miles and then turn left onto Main Street for .4 miles to turn right onto Old Knoxville Hwy for 4.5 miles, cross over Boyd's Creek Hwy and Units will be on your right. You can also take Highway 66 (Winfield Dunn Pkwy) and turn onto Boyd's Creek Hwy (338) and go approximately 1.5 miles to Big River Overlook Dr. Units will be on your right
Interior
Heating Central, Heat Pump
Cooling Central Air, Heat Pump
Flooring Carpet, Laminate
Window Features Blinds,Insulated Windows,Screens
Exterior
Exterior Feature Lighting
Parking Features Driveway, Paved, Private
Utilities Available Cable Available, Electricity Connected, Internet Available, Water Connected
Amenities Available Management
Street Surface Paved
Accessibility Accessible Central Living Area, Accessible Electrical and Environmental Controls, Accessible Entrance, Accessible Full Bath, Accessible Kitchen, Accessible Stairway, Safe Emergency Egress from Home
Road Frontage City Street
Building
Lot Description Agricultural, Few Trees, Level, Paved
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding
Others
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
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