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:
5/05/2025
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
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
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
SqFt - Total (Aprox): 12804
Lot Dimensions: 155Mx590M
Number of Units: 12
# Units Leased: 12
Utilities/Mo Avg: 125
Year Built: 1979
Property Status: N/A
Restrictions: Yes
Driveway: Asphalt
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: May - 05 - 2025
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