1705 Ogle Road, Gatlinburg, TN 37738
$2,500,000
Property Type:
Commercial Sale
Square Footage:
21,500
Lot Size (sq. ft.):
65,776
Status:
Closed
Current Price:
$2,500,000
List Date:
1/24/2022
Last Modified:
8/23/2024
Overview
Description
Great Complex for sale! Walk to GP, Rocky Top Sports Complex and Mills Park! The location is incredible! Laundry facility onsite that generates $9000/yr. 21 units; 19 2/1.5ba, 1-1/1.5ba, 1-3/2.5ba. 7 of 21 units have been remodeled. This complex has been well cared for and has a lot of potential! 100% occupancy with vetted tenants and professional management company. With all units remodeled the projections top $279K gross annually!
Listing Details MLS# 247030
General Property Information
- Number Of Buildings
- 3
- Lot Size Dimensions
- 327/231/IRR/317
- Lot Size Acres
- 1.51
- Living Area
- 21500
- Business Name
- Silver Birch Townhomes
- Year Built
- 2004
- Bonus Room YN
- No
- Sign On Property YN
- No
- List Price/SqFt
- 116.28
- Sold Price/SqFt
- 116.28
- Number of Bonus Rooms
- 0
Property Features
Basement:
None
Building Features:
Inventory; Storage
Business Type:
Residential
Community Features:
Sidewalks
Construction Materials:
Frame; Vinyl Siding
Cooling:
Central Air; Electric
Documents Available:
Financial Statement
Exterior Features:
Lighting
Heating:
Central
Listing Terms:
Cash; Conventional; Fee Simple Improved
Other Structures:
Outbuilding
Parking Features:
On Site
Possible Use:
Multi-Family
Road Frontage Type:
County Road
Road Surface Type:
Paved
Tenant Pays:
Electricity
Utilities:
Electricity Connected; Water Connected
Location Tax and Legal
- Street Number
- 1705
- Street Name
- Ogle
- Street Suffix
- Road
- County
- Sevier
- State
- TN
- Zip Code
- 37738
- Property Sub Type
- Other
- MLS Area Major
- Gatlinburg
- Subdivision Name
- Other
Contract Information
- Original List Price
- 2500000
- Listing Contract Date
- 2022-01-24
- Owner Name
- JRB Holdings
- Rental History Gross Amount 1
- 220000
- Rental History Year 1
- 2021
- Rental History Gross Amount 2
- 197000
- Rental History Year 2
- 2021
Remarks and Miscellaneous
- Public Remarks
- Great Complex for sale! Walk to GP, Rocky Top Sports Complex and Mills Park! The location is incredible! Laundry facility onsite that generates $9000/yr. 21 units; 19 2/1.5ba, 1-1/1.5ba, 1-3/2.5ba. 7 of 21 units have been remodeled. This complex has been well cared for and has a lot of potential! 100% occupancy with vetted tenants and professional management company. With all units remodeled the projections top $279K gross annually!
- Directions
- From 321; turn L on Mills Park Rd, travel 1 mile to R on Ogle Rd. Apartments immediately on L.
Status Change Information
- Major Change Timestamp
- 2022-05-04T05:39:38Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2022-05-04
- Purchase Contract Date
- 2022-01-28
- Close Date
- 2022-05-04
- Close Price
- 2500000
- Buyer Financing
- Conventional
More Information
Currently Not Used
- Book/Page/Doc #
- 4985, 708
Building Features
- Number Of Restrooms
- 21
- Inventory
- Yes
- Storage
- Yes
Income and Expenses
- Maintenance Expense
- 50
Showing Requirements
- Showing Instructions
- Unit 14 is available for showing. Additional units to be made available during inspection period. Some tenants are in a rent increase conversion.
Location, Tax, and Legal
- Restrictive Covenants YN
- Yes
- Zoning
- R-2
- Zoning Entity
- Gatlinburg
- Parcel Number
- 118 26.01
- Tax Lot
- 2
- Tax Annual Amount
- 9156.6
- Tax Year
- 2019
Basement
- None
- Yes
Community Features
- Sidewalks
- Yes
Construction Materials
- Frame
- Yes
- Vinyl Siding
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
Documents Available
- Financial Statement
- Yes
Exterior Features
- Lighting
- Yes
Heating
- Central
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Fee Simple Improved
- Yes
Other Structures
- Outbuilding
- Yes
Parking Features
- On Site
- Yes
Road Frontage Type
- County Road
- Yes
Road Surface Type
- Paved
- Yes
Utilities
- Electricity Connected
- Yes
- Water Connected
- Yes
Tenant Pays
- Electricity
- Yes
Possible Use
- Multi-Family
- Yes
Business Type
- Residential
- Yes
Listing Office:
Skye Realty
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.