$1,200,000
$1,500,000
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5507 US Highway 411 Maryville, TN 37801
9,186 SqFt
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,186 sqft
Price per Sqft $130
MLS Listing ID 1199200
Sold Date 08/26/22
Year Built 1969
Lot Dimensions 780X460X317 IRR
Source East Tennessee REALTORS® MLS
Property Description
Once of a kind opportunity to own an income producing portfolio on 7+ ACRES with Hwy 411 road frontage! This multi-family portfolio includes 16 mobile homes/mobile home pads (9 mobile homes are owned & convey; 7 are pads that are receiving lot rent), a duplex with both updated 2 BR, 2 BA units rented out as well as an efficiency apartment that is also currently rented. The monthly rental numbers for June surpassed $11,000, July's gross rent surpassed $13,500, and August is projected to hit $15,000 in gross monthly rental income. Tenants pay all utilities except for water. Water is provided through shared well. Updated survey is expected to be available Monday, July 18th. Please note that tax amounts will vary because there are two parcels that were taken out and surveyed separately.
Location
State TN
County Blount County - 28
Rooms
Other Rooms Bedroom Main Level, Mstr Bedroom Main Level
Interior
Heating Central, Electric
Cooling Central Cooling
Flooring Laminate, Carpet, Tile
Appliance Dishwasher, Smoke Detector, Self Cleaning Oven, Refrigerator, Microwave
Heat Source Central, Electric
Exterior
Parking Features Individual Carports, On Premise Parking, Attached, Carport, Off-Street Parking
Garage Description Attached, Carport, Off-Street Parking, On Premise Parking, Individual Carports, Attached
Roof Type Metal, Shingle
Garage No
Building
Faces Heading south on Alcoa Hwy, continue south on 411/ W Broadway for 8.8 miles. Duplex address is 5507 US Highway 411 S. 107 Big Dee Lane is the address for the Mobile Home Park.
Structure Type Vinyl Siding,Aluminum Siding,Frame
Schools
Elementary Schools Lanier
High Schools William Blount
Others
Tax ID 100 006.00
Energy Description Electric
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional
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