202 Spring Valley Rd , Sevierville, TN 37863
Sevierville, TN 37863
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.
Details
| MLS# | 1277412 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1983 |
| Days On Site | 17 |
| Listing Provided By | Karen Whitlock Realty | Karen O Whitlock |
Features
| SQ Feet | 11,036 |
|---|---|
| Units | 16 |
| Acreage | 0.50 |
Market Activity 37863
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Learn More About This Property
| State | TN |
|---|---|
| County | Sevier County 27 |
| City | Sevierville |
| Zip Code | 37863 |
| Area | Sevier County 27 |
| Subarea | 27 |
| Community Name | other |
| School District | Pigeon Forge |
| Elementary School | Pigeon Forge |
| Middle School | Pigeon Forge |
| High School | Pigeon Forge |
| Listing VS Median (in other) | |
Price: $1,600,000 low | high Med: $1,600,000 SqFt: 11,036 low | high Med: 11,036 $ / SqFt: $145 low | high Med: $145 On Site: 17 low | high Med: 17.000000 | |
