124 Marine Way, Seymour, TN 37865 (MLS# 1187612)

124 Marine Way, Seymour, TN 37865

$2,550,000
Property Type: Multi-Family Square Footage: 21,600 Lot Size (sq. ft.): 53,579 Status: Closed
Current Price: $2,550,000 List Date: 4/14/2022 Last Modified: 6/28/2022

Overview

Description

RARE 24 UNIT APARTMENT COMPLEX IN BOOMING SEYMOUR - BUILT 2008, 2016 & 2018 ALL UNITS ARE 900 SQ FT TOWNHOUSE STYLE ONE BEDROOM APTS - PLUS COUNTY ONLY TAXES! Seller is the original owner developer. This property has been carefully managed & maintained which helps Marine Way be a perfect investment for a turn key investor. Marine Way consists of four individual buildings containing 6 units. Each spacious unit offers all the amenities that residents today require: Central HVAC, washer & dryer connections, stoves, microwaves,, refrigerators, dishwashers, plenty of storage & parking at their door. Please see attached financials including a full rent roll and Sellers actual expenses for 2021 under the documents tab. No sign on the property. Please don't disturb the residents

Listing Details MLS# 1187612

Location Tax Legal Info

House #
124
Street Name
Marine
St Suffix
Way
State/Province
TN
Zip Code
37865
PIN #
045 103.03

Contract Info

Auction Y/N
No
Listing Price
2700000

General Property Description

SqFt - Total (Aprox)
21600
Lot Dimensions
205x154xIRREG
Lot Size SqFt
53579
Number of Units
24
# Units Leased
22
Utilities/Mo Avg
1890
Year Built
2008
Property Status
N/A
Driveway
Paved
Lease Information
24-1+1.5 Townhome Style Units

Status Change Info

Status Change Date
2022-06-28
Under Contract Date
2022-04-18
Sold Date
2022-06-09

IncomeExpenses

Net Operating Income
143823

More Information

Property Features

Property Sub-Type: Apartment Type of Units: 1 Bedroom Unit; Townhouse Sale Includes: Building and Land Floors: Carpet; Laminate; Vinyl Tenant Expenses: Electricity Owner Expenses: HVAC Maintenance; Sewer; Taxes; Trash Collection; Water Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Microwave; Range; Refrigerator Construction: Frame - Brick Roof: Asphalt Siding: Brick; Vinyl Misc Features: Washer/Dryer Connect Other Rooms: Other New Financing: Cash; New Loan

Documents

IDX
Listing Office: Goldman Partners Realty, LLC
Last Updated: June - 28 - 2022
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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