1432 William Holt, 39 Units/Multiple Addresses, Sevierville, TN 37862
$6,550,000
Property Type:
Commercial Sale
Square Footage:
1,320
Status:
Closed
Current Price:
$6,550,000
List Date:
5/04/2021
Last Modified:
8/23/2024
Overview
Description
MONEY MAKING INVESTMENT OPPORTUNITY! Total of 34 townhouse style units, 2 duplexes and 3 houses offered in this 39 unit investment package. Gross annual income is currently at $437,400. This is in a great location that is convenient to the hospital and the Parkway but still offers a peaceful setting. Vacancy rate is a non-issue in our market and is a great opportunity for 1031 exchange.
Listing Details MLS# 242272
General Property Information
- Living Area
- 1320
- Year Built
- 2015
- Bonus Room YN
- No
- Sign On Property YN
- No
- List Price/SqFt
- 4734.85
- Sold Price/SqFt
- 4962.12
- Lot Size Acres
- 0
Property Features
Basement:
Finished
Business Type:
Residential
Construction Materials:
Frame
Cooling:
Central Air; Electric; Heat Pump
Documents Available:
Covenants
Heating:
Central; Electric; Heat Pump
Listing Terms:
1031 Exchange; Cash; Conventional; Fee Simple Improved
Parking Features:
On Site; Paved
Possession:
Subject To Tenant Rights
Possible Use:
Multi-Family
Road Frontage Type:
County Road
Road Surface Type:
Paved
Location Tax and Legal
- Street Number
- 1432
- Street Name
- William Holt
- County
- Sevier
- State
- TN
- Zip Code
- 37862
- Property Sub Type
- Other
- MLS Area Major
- Sevierville
- Subdivision Name
- Willow Trace
Contract Information
- Original List Price
- 6250000
- Listing Contract Date
- 2021-05-04
- Owner Name
- 3M
- Listing Agreement
- Exclusive Right To Sell
- Rental History Gross Amount 1
- 437400
- Rental History Year 1
- 2020
Remarks and Miscellaneous
- Public Remarks
- MONEY MAKING INVESTMENT OPPORTUNITY! Total of 34 townhouse style units, 2 duplexes and 3 houses offered in this 39 unit investment package. Gross annual income is currently at $437,400. This is in a great location that is convenient to the hospital and the Parkway but still offers a peaceful setting. Vacancy rate is a non-issue in our market and is a great opportunity for 1031 exchange.
- Directions
- South on Veterans Blvd toward Middle Creek Rd, Turn left onto Middle Creek Rd, Turn left onto Ernest McMahan Rd, Slight right onto Pullen Rd, Turn right onto E Dogwood Ln, Turn left to stay on E Dogwood Ln, Turn right onto William Holt Blvd
Status Change Information
- Major Change Timestamp
- 2022-01-04T06:39:28Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2022-01-04
- Purchase Contract Date
- 2021-10-08
- Close Date
- 2022-01-04
- Close Price
- 6550000
- Buyer Financing
- Conventional
More Information
Currently Not Used
- Book/Page/Doc #
- 3847, 307
Showing Requirements
- Showing Instructions
- Please do not disturb tenants. This is a confidential sale and units are 100% occupied. For similar layout and interior pictures your client can view 1456 William Holt, MLS #1141288 & 1474 William Holt, MLS #935027. I have projections for rent increase at current market values as well as market price to liquidate units. Huge potential for growth in rent increases. Similar properties are renting from $1100-$1350 per month! Financial documents provided upon request with a qualified buyer.
Location, Tax, and Legal
- Street Additional Info
- 39 Units/Multiple Addresses
- Restrictive Covenants YN
- Yes
- Zoning
- R-1
- Zoning Entity
- Sevier County
- Parcel Number
- 073 021.01 077
- Tax Lot
- 112
- Tax Annual Amount
- 23356
- Tax Year
- 2020
Basement
- Finished
- Yes
Construction Materials
- Frame
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
- Heat Pump
- Yes
Documents Available
- Covenants
- Yes
Heating
- Central
- Yes
- Electric
- Yes
- Heat Pump
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
- Fee Simple Improved
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Subject To Tenant Rights
- Yes
Road Frontage Type
- County Road
- Yes
Road Surface Type
- Paved
- Yes
Possible Use
- Multi-Family
- Yes
Business Type
- Residential
- Yes
Listing Office:
Parkway Realty
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.