223 Hazel Drive

    Sevierville, TN 37862
    • $750,000
    • STATUS: Pending
    • ON SITE: 28 days
    • ID#: 1109637
    Pending
    UPDATED: 205 min ago
    $750,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,040
      SQFT
    • $107
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1989
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Sevierville Apartments (8 units) offers a stabilized income-generating property in a high demand area. Built in 1989, the complex features 2 buildings with fourplax townhouses. Each building contains 4 units two level design with 2 BR and 1 1/2BA with approximately 880 sq ft per unit. The apartments is conveniently located near the mega center of tourism coming to see the Smoky Mtns, restaurants, and shopping. Sevier County not only has a strong job base in tourism but also has a successful community college and many long-tenured industrial employers. Fully rented, units have stoves, refrigerators, dishwashers. 4 units have washer/dryer connections. Residents pay all utilities including water & City picks up trash. Each unit currently rents on average of $725/MO.Units could use some updating which would allow for an increase in rent. The lot size is 67,518 sq ft and has plats to build additional units, if desired.

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    © 2020 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Billy Houston Group | Realty Executives. Information is deemed reliable but is not guaranteed accurate by the MLS or Billy Houston Group | Realty Executives. Data last updated: 2020-03-31T23:59:21.743.
    www.billyhoustongroup.com/homes/103776541

    223 Hazel Drive Sevierville, TN 37862

    • Price: $750,000
    • Status: Pending
    • Updated: 205 min ago
    • ID#: 1109637
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,040
    SQFT
    $107
    $/SQFT
    1989
    Built
    Neighborhood:
    Crum Delozier
    County:
    Sevier
    Area:
    Sevierville
    Elementary School:
    Sevierville Intermediate
    Middle School:
    Sevierville
    High School:
    Sevier County
    Property Description
    Sevierville Apartments (8 units) offers a stabilized income-generating property in a high demand area. Built in 1989, the complex features 2 buildings with fourplax townhouses. Each building contains 4 units two level design with 2 BR and 1 1/2BA with approximately 880 sq ft per unit. The apartments is conveniently located near the mega center of tourism coming to see the Smoky Mtns, restaurants, and shopping. Sevier County not only has a strong job base in tourism but also has a successful community college and many long-tenured industrial employers. Fully rented, units have stoves, refrigerators, dishwashers. 4 units have washer/dryer connections. Residents pay all utilities including water & City picks up trash. Each unit currently rents on average of $725/MO.Units could use some updating which would allow for an increase in rent. The lot size is 67,518 sq ft and has plats to build additional units, if desired.
    Exterior Features

    Construction Frame Driveway No Garage Parking None Lot Size 1.55 Acres Siding Cedar

    Interior Features

    Appliances DishwasherOtherRange/OvenRefrigeratorSmoke Detector Cooling Ceiling FanCentral Cooling Floors CarpetHardwoodLaminateVinyl Fuel Electric Heat CeilingCentralHeat Pump Other Rooms Other

    Property Features

    Annual Oper Expenses 13328.00 Auction YN No City County Code City Limits City Taxes 719.06 County Taxes 2691.05 Gross Annual Income 69540.00 Multifamily Sub Type Four PlexOther Net Operating Income 56212.00 New Financing CashConventional Owner Expenses AdvertisingExterior MaintenanceHvac MaintenanceInsuranceLawn MaintenanceRoof MaintenanceTaxes Property Status N/A Pud YN No Sale Includes Other Tenant Expenses ElectricityWater/Sewer Total Tax 3410.11 Type Of Units 2 Bedroom UnitTownhouse Utilities Mo Avg 0.00

    Listing information © 2020 Knoxville Area Association of REALTORS®, Inc.
    Listing provided courtesy of Billy Houston Group, Realty Executives.


    © 2020 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Billy Houston Group | Realty Executives. Information is deemed reliable but is not guaranteed accurate by the MLS or Billy Houston Group | Realty Executives. Data last updated: 2020-03-31T23:59:21.743.
     
    Billy Houston Group | Realty Executives
    109 S Northshore Drive, Suite 201
    Knoxville TN, 37919