1705 Ogle Rd, Gatlinburg, TN 37738

$3,725,000
Property Type: Multi-Family Square Footage: 20,420 Status: Closed
Current Price: $3,725,000 List Date: 6/05/2024 Last Modified: 10/01/2024

Overview

Description

We are pleased to exclusively present Ogle Townhomes. These 21 units are 100% occupied and centrally located in Gatlinburg, Tennessee. Gatlinburg is known as the gateway to the Great Smoky Mountains National Park, the most visited national park in the United States. The property is currently operated as traditional apartments, but the zoning allows for short term rentals as well. The property has historically been fully occupied and there is ability to further increase rents. There are laundry facilities on site. Each unit is separately metered for electric and water is on one meter, however that expense will be billed back for any new leases executed.

Listing Details MLS# 1265237

Location Tax Legal Info

House #
1705
Street Name
Ogle
St Suffix
Rd
State/Province
TN
Zip Code
37738
PIN #
118 026.01

Contract Info

Auction Y/N
No
Listing Price
3940000

General Property Description

SqFt - Total (Aprox)
20420
Lot Dimensions
n/a
Number of Units
21
# Units Leased
21
Utilities/Mo Avg
2139.5
Year Built
2004
Property Status
N/A
Driveway
Pavement

Status Change Info

Status Change Date
2024-10-01
Under Contract Date
2024-08-07
Sold Date
2024-09-30

More Information

Property Features

Property Sub-Type: Apartment Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; 3 or more Bdrm Units Sale Includes: Building and Land Floors: Laminate; Vinyl Fuel: Other Fuel Heat: Central Cooling: Central Cooling Construction: Frame Roof: Other Other Rooms: Other Miscellaneous: Coin Laundry New Financing: Cash; Conventional; New Loan
IDX
Listing Office: SVN I Wood Properties
Last Updated: October - 01 - 2024
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