102 Asbury Way, Maryville, TN 37804

$2,500,000

Property Type: Multi-Family Square Footage: 12,804 Status: Pending - Continue to Show

Current Price: $2,500,000 List Date: 4/28/2025 Last Modified: 7/07/2025

Overview

Description

12 townhouse units in booming Maryville, TN, in the foothills of the Great Smoky Mountains! Two all brick 6-plexes, located in a quiet suburban area that is primarily single family residences. At almost 1,110 sq ft each, these townhomes are larger than many. All are 2 BDRM, 1.5 BA. All units are separately metered and tenants pay own utilities. On-site parking at the front door of each unit. This property is ideal for an investor looking for a low maintenance, quality product in a prime location for either long term or short term rentals. All units are currently rented bringing in over $18,000.00/month in income. Total remodels include 10 of the units, with 2 units partially remodeled. All units have new granite countertops, new sicks, kitchen faucets, and more. Zero vacancies in the past 3 years. Property sits on 2 acre tract with approx 1 acre used for green space, with the potential to develop into a value add space for the tenants. Room to grow with the rents. Agent/Owner.

Listing Details MLS# 1298964

Location Tax Legal Info

House #: 102
Street Name: Asbury
St Suffix: Way
State/Province: TN
Zip Code: 37804
PIN #: 047L A 005.00

Contract Info

Auction Y/N: No
Listing Price: 2500000

General Property Description

SqFt - Total (Aprox): 12804
Lot Dimensions: 155Mx590M
Number of Units: 12
# Units Leased: 12
Utilities/Mo Avg: 125
Year Built: 1979
Property Status: N/A
Restrictions: Yes
Driveway: Asphalt

Status Change Info

Status Change Date: 2025-05-05
Under Contract Date: 2025-05-05

IncomeExpenses

Net Operating Income: 182430

More Information

Property Features

Property Sub-Type: Apartment Type of Units: 2 Bedroom Unit; Townhouse Sale Includes: No Furnishings Floors: Carpet; Laminate Tenant Expenses: Tenant Pays All Util Owner Expenses: Lawn Maintenance; Trash Collection Fuel: Electric; Gas (Natural) Heat: Central Cooling: Central Cooling Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector Construction: Frame - Brick Roof: Shingle Siding: Brick Exterior Features: Patio; Windows - Bay Misc Features: Pantry; Washer/Dryer Connect Other Rooms: Family Room Miscellaneous: Washer/Dryer Cnctns New Financing: Cash; New Loan Showing: See Agent Instructns

IDX

Listing Office: Skyway Realty Land & Homes

Last Updated: July - 07 - 2025

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102 Asbury Way, Maryville, TN 37804 (MLS# 1298964)