202 Spring Valley Rd, Sevierville, TN 37863

$1,600,000

Property Type: Multi-Family Square Footage: 11,036 Lot Size (sq. ft.): 21,712 Status: Closed

Current Price: $1,600,000 List Date: 9/23/2024 Last Modified: 11/01/2024

Overview

Description

Worried about your financial future? Don't trust ss, economy? What about buying a 16 unit complex in 3 buildings that have been there for awhile and live in one unit and manage the rest. There are 3 bldgs, & one resident has been there 20 years. First bldg (#221) has 6 one bdr apts Each unit has it's own Central h/a, utility rooms, kitchen appliances,this is only bldg where city water/sewer paid by selller. Built in 1983 by Mr. Whaley who was a builder. 2nd bldg ( 231) was built in 1990 has 6 one bdr apts. These units do not have utility rooms. Tenant pays for wat/sewer, electricity. Last Bldg (#235) has 4 two bdr units. First two bldgs just got the railings stained, first building just got new roof. 4 units have been remodeled with lpv & new paint. One unit was not painted but had lpv put down. Rest are in carpet. They get upgraded when someone moves out, but most never leave. Rent has been very cheap for long time. The trust was then distributed & seller has owned it since 1 ... (Read more)

Listing Details MLS# 1277412

Location Tax Legal Info

House #: 202
Street Name: Spring Valley
St Suffix: Rd
State/Province: TN
Zip Code: 37863
PIN #: 095 048.01
Subdivision: other

Contract Info

Auction Y/N: No
Listing Price: 1600000

General Property Description

SqFt - Total (Aprox): 11036
Lot Dimensions: .50
Lot Size SqFt: 21712
Number of Units: 16
# Units Leased: 16
Utilities/Mo Avg: 500
Year Built: 1983
Property Status: N/A
Restrictions: No
Driveway: gravel
Lease Information: all units are one year lease-

Status Change Info

Status Change Date: 2024-11-01
Under Contract Date: 2024-09-27
Sold Date: 2024-10-31

More Information

Property Features

Property Sub-Type: Other Type of Units: 1 Bedroom Unit; 2 Bedroom Unit Sale Includes: Building and Land Floors: Carpet; Laminate Tenant Expenses: Electricity; Sewer; Water Owner Expenses: Exterior Maintenance; Roof Maintenance; Trash Collection Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Dishwasher; Range; Refrigerator Construction: Block; Frame Roof: Composition Other Rooms: Other New Financing: Cash Showing: See Agent Instructns

IDX

Listing Office: Karen Whitlock Realty

Last Updated: November - 01 - 2024

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202 Spring Valley Rd, Sevierville, TN 37863 (MLS# 1277412)