2324 Big River Overlook Dr - Apartments FOR SALE


Sevierville, TN 37876
$1,350,000 USD
865-755-1777
2324 Big River Overlook Dr, Sevierville, TN for Sale
$1,350,000 USD
Apartments - FOR SALE
1/15
null | 5.72% Cap Rate

2324 Big River Overlook Dr
Sevierville, TN 37876


HIGHLIGHTS

  • Conveniently located in a quiet neighborhood.

OVERVIEW

This is a fantastic investment opportunity! Ten 2-bedroom, 1-bath units with laundry room, refrigerator, and electric stove are low-maintenance and well-maintained. About half the units have vinyl plank flooring, and the other half have carpeting. Current rents are $800.00 per month. Yearly gross income is $96,000.00. Each unit pays for all utilities. The owner provides dumpsters for trash, pest control service, and lawn care. Most of the property is in a 500-year flood zone; to date, the property has never flooded. The owner is willing to finance.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

10

PRICE/UNIT

$135,000

CAP RATE

5.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

R 1

APN/PARCEL ID

017N-B-013.00,017N-B-014.00,017N-B-015.00

ASK ABOUT THIS PROPERTY

Jean BeckerAtop Ole Smoky Cabin RentalsMore Info
865-755-1777

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Jean BeckerAtop Ole Smoky Cabin RentalsMore Info
865-755-1777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.