202 Spring Valley Rd Pending Save Request In-Person Tour Request Virtual Tour
Sevierville,TN 37863
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 11,036 sqft
Price per Sqft $144
MLS Listing ID 1277412
Originating Board East Tennessee REALTORS® MLS
Year Built 1983
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions .50
Property 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 12-29-22 & is trying to get rents up to where they should be & increases them when leases are up by at least $100.Goal is to get all 1 bdr to $900 & $1200 for 2 bdr. The rooms are good size and all 3 bldgs are two levels. The location is wonderful for people that like to walk to work, or don't have care. Would be great for one of the big amusement owners to buy this for their employees! Owner supply mini blinds for the units. 16 units in all. First Two Buildings the upstairs railings just got stained. bldg 235 just got new roof.
Location
State TN
County Sevier County - 27
Area 21712.0
Rooms
Other Rooms Other
Interior
Heating Central,Electric
Cooling Central Cooling
Flooring Laminate,Carpet
Appliance Dishwasher,Range,Refrigerator
Heat Source Central,Electric
Exterior
Garage On Premise Parking
Garage Description On Premise Parking
Roof Type Composition
Parking Type On Premise Parking
Garage No
Building
Faces coming from Gatlinburg, right before leaving the spur and entering Pigeon Forge look on your right for sign saying Spring Valley Rd. if your coming from Pigeon Forge you'll have to go into spur take first bridge to other side then come on down to Spring Valley Rd on right before you enter Pigeon Forge
Structure Type Block,Frame
Schools
Elementary Schools Pigeon Forge
Middle Schools Pigeon Forge
High Schools Pigeon Forge
Others
Restrictions No
Tax ID 095 048.01
Energy Description Electric
Acceptable Financing Cash
Listing Terms Cash