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
102 Asbury Way, Maryville, TN 37804- MLS# 1298964
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.