102 Asbury Way, Maryville, TN 37804
$2,500,000
Property Type:
Multi-Family
Square Footage:
12,804
Status:
Pending - Continue to Show
Current Price:
$2,500,000
List Date:
4/28/2025
Last Modified:
7/07/2025
Description
12 townhouse units in booming Maryville, TN, in the foothills of the Great Smoky Mountains! Two all brick 6-plexes, located in a quiet suburban
area that is primarily single family residences. At almost 1,110 sq ft each, these townhomes are larger than many. All are 2 BDRM, 1.5 BA. All units are separately metered
and tenants pay own utilities. On-site parking at the front door of each unit. This property is ideal for an investor looking for a low maintenance,
quality product in a prime location for either long term or short term rentals. All units are currently rented bringing in over $18,000.00/month in income. Total remodels include 10 of the
units, with 2 units partially remodeled. All units have new granite countertops, new sicks, kitchen faucets, and more. Zero vacancies in the past 3 years. Property sits on 2 acre tract with approx 1 acre used for green
space, with the potential to develop into a value add space for the tenants. Room to grow with the rents. Agent/Owner.
More Information MLS# 1298964
Location, Tax & Legal Info
Area: Blount County - 28
City/County Code: City Limits
Middle School: Alcoa
Total Tax: 20198.71
High School: Alcoa
Contract Info
Auction Y/N: No
Listing Price: 2500000
Current Price: $2,500,000
Status: Pending - Continue to Show
Listing Date: 2025-04-27
General Property Description
Lot Dimensions: 155Mx590M
# Units Leased: 12
Restrictions: Yes
Utilities/Mo Avg: 125
Property Status: N/A
Driveway: Asphalt
SqFt - Total (Aprox): 12804
Number of Units: 12
Year Built: 1979
Remarks & Misc
Directions: From downtown Maryville take Hwy 411 East. Asbury Way is just past Brown School Rd. Property is on left. There is no sign on the property. PLEASE DO NOT DISTURB THE TENANTS.
Public Remarks: 12 townhouse units in booming Maryville, TN, in the foothills of the Great Smoky Mountains! Two all brick 6-plexes, located in a quiet suburban
area that is primarily single family residences. At almost 1,110 sq ft each, these townhomes are larger than many. All are 2 BDRM, 1.5 BA. All units are separately metered
and tenants pay own utilities. On-site parking at the front door of each unit. This property is ideal for an investor looking for a low maintenance,
quality product in a prime location for either long term or short term rentals. All units are currently rented bringing in over $18,000.00/month in income. Total remodels include 10 of the
units, with 2 units partially remodeled. All units have new granite countertops, new sicks, kitchen faucets, and more. Zero vacancies in the past 3 years. Property sits on 2 acre tract with approx 1 acre used for green
space, with the potential to develop into a value add space for the tenants. Room to grow with the rents. Agent/Owner.
Income/Expenses
Gross Annual Income: 216660
Property Sub-Type
Apartment: 1
Construction
Frame - Brick: 1
Type of Units
2 Bedroom Unit: 1
Townhouse: 1
Siding
Brick: 1
Sale Includes
No Furnishings: 1
Miscellaneous
Washer/Dryer Cnctns: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Laminate: 1
Garage/Parking
On Premise Parking: 1
Tenant Expenses
Tenant Pays All Util: 1
Owner Expenses
Lawn Maintenance: 1
Trash Collection: 1
Fuel
Electric: 1
Gas (Natural): 1
Heat
Central: 1
Appliances
Dishwasher: 1
Disposal: 1
Microwave: 1
Range: 1
Refrigerator: 1
Self Cleaning Oven: 1
Smoke Detector: 1
Other Rooms
Family Room: 1
Roof
Shingle: 1
Exterior Features
Patio: 1
Windows - Bay: 1
Misc Features
Pantry: 1
Washer/Dryer Connect: 1
New Financing
Cash: 1
New Loan: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 102
Street Name: Asbury
St Suffix: Way
State/Province: TN
Zip Code: 37804
PIN #: 047L A 005.00
Geo Lat: 35.767224
Geo Lon: -83.933214
Status Change Info
Status Change Date: 2025-05-05
Under Contract Date: 2025-05-05
IncomeExpenses
Net Operating Income: 182430
Property Features
Property Sub-Type: Apartment
Type of Units: 2 Bedroom Unit; Townhouse
Sale Includes: No Furnishings
Floors: Carpet; Laminate
Tenant Expenses: Tenant Pays All Util
Owner Expenses: Lawn Maintenance; Trash Collection
Fuel: Electric; Gas (Natural)
Heat: Central
Cooling: Central Cooling
Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector
Construction: Frame - Brick
Roof: Shingle
Siding: Brick
Exterior Features: Patio; Windows - Bay
Misc Features: Pantry; Washer/Dryer Connect
Other Rooms: Family Room
Miscellaneous: Washer/Dryer Cnctns
New Financing: Cash; New Loan
Showing: See Agent Instructns
Listing Office: Skyway Realty Land & Homes
Office Phone: 423-253-7100
Last Updated: July - 07 - 2025
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use,
it may not be used for any purpose other than to identify prospective properties
consumers may be interested in purchasing, and that the data is deemed reliable but
is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
