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Katelyn Waters

katelyn@brickmortarproperties.com +1(865) 660-5194

$ 1,600,000

Est. payment -/mo

Save

Pending

202 Spring Valley Rd Sevierville, TN 37863

11,036 SqFt

UPDATED:

09/27/2024 08:11 PM

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

Listed by Karen Whitlock Realty

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Katelyn Waters

Agent | License ID: 363091

+1(865) 660-5194 | katelyn@brickmortarproperties.com

Katelyn Waters

Katelyn Waters

202 Spring Valley Rd Sevierville, TN 37863

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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202 Spring Valley Rd