107 Garrett Lane, Maryville, TN 37804

$1,926,100
Property Type: Multi-Family Square Footage: 16,953 Lot Size (sq. ft.): 3 Status: Closed
Current Price: $1,926,100 List Date: 5/05/2024 Last Modified: 7/16/2024

Description

Great Opportunity in Maryville just outside the city limits, high traffic area. Parkway Vista Apartments include two apartment buildings ( 21 units total) and a house located on the premises currently used by the property manager. There are four parcels being sold together approx. 3.24 acres. Several units have been remodeled but there is opportunity for value add. All units are garden apartments. There are 16 two bedroom apartments, 4 one bedroom apartments, and a unit that has been used as an office that can be converted back to an efficiency unit. Most units are in good condition, heat and air is provided with thru wall units. Shown by appointment only. Property Manager on site at times.

More Information MLS# 1261828

Location, Tax & Legal Info

Area: Blount County - 28 City/County Code: County Elementary School: Walland Middle School: Heritage Total Tax: 9320.9 High School: Heritage

Contract Info

Auction Y/N: No Listing Price: 1850000 Current Price: $1,926,100 Status: Closed Listing Date: 2024-05-04

General Property Description

Lot Dimensions: 111 x 448 x 155 x 136 x 126 x 269 x 539 irreg Lot Size SqFt: 3.243 # Units Leased: 18 Restrictions: No Utilities/Mo Avg: 1272 Property Status: N/A Driveway: Private SqFt - Total (Aprox): 16953 Number of Units: 21 Year Built: 1968

Remarks & Misc

Directions: From Maryville, east on Lamar Alexander Parkway, left on Garrett Lane to apartments on left and at the end of the road. The house is on the left side . Public Remarks: Great Opportunity in Maryville just outside the city limits, high traffic area. Parkway Vista Apartments include two apartment buildings ( 21 units total) and a house located on the premises currently used by the property manager. There are four parcels being sold together approx. 3.24 acres. Several units have been remodeled but there is opportunity for value add. All units are garden apartments. There are 16 two bedroom apartments, 4 one bedroom apartments, and a unit that has been used as an office that can be converted back to an efficiency unit. Most units are in good condition, heat and air is provided with thru wall units. Shown by appointment only. Property Manager on site at times.

Income/Expenses

Gross Annual Income: 124578

Property Sub-Type

Apartment: 1 Other: 1

Construction

Frame - Brick: 1

Type of Units

1 Bedroom Unit: 1 2 Bedroom Unit: 1 Garden: 1 Unfurnished: 1

Siding

Brick: 1 Stone: 1 Vinyl: 1

Sale Includes

Building and Land: 1

Miscellaneous

Utility Room: 1

Cooling

Other: 1

Floors

Carpet: 1 Hardwood: 1 Laminate: 1 Vinyl: 1

Garage/Parking

Carport: 1

Tenant Expenses

Cooling: 1 Electricity: 1 Heating: 1 Telephone: 1

Owner Expenses

Common Area Maintenance: 1 Exterior Maintenance: 1 HVAC Maintenance: 1 Insurance: 1 Lawn Maintenance: 1 Leasing Fees: 1 Roof Maintenance: 1 Sewer: 1 Supplies: 1 Taxes: 1 Trash Collection: 1 Water: 1

Fuel

Electric: 1

Heat

Other: 1

Appliances

Dishwasher: 1 Range: 1 Refrigerator: 1 Smoke Detector: 1

Other Rooms

Bedroom Main Level: 1

Roof

Metal: 1 Shingle: 1

Exterior Features

Porch - Covered: 1 Shed: 1 Windows - Insulated: 1 Windows - Vinyl: 1

Misc Features

Internet Available: 1

New Financing

Cash: 1 Conventional: 1 New Loan: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 107 Street Name: Garrett St Suffix: Lane State/Province: TN Zip Code: 37804 PIN #: 059 005.00 Geo Lat: 35.756396 Geo Lon: -83.923345

Status Change Info

Status Change Date: 2024-07-12 Under Contract Date: 2024-05-06 Sold Date: 2024-07-11 Sold Price: $1,926,100

Property Features

Property Sub-Type: Apartment; Other Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; Garden; Unfurnished Sale Includes: Building and Land Floors: Carpet; Hardwood; Laminate; Vinyl Tenant Expenses: Electricity; Telephone Owner Expenses: Common Area Maintenance; Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Leasing Fees; Roof Maintenance; Sewer; Supplies; Taxes; Trash Collection; Water Fuel: Electric Heat: Other Cooling: Other Appliances: Dishwasher; Range; Refrigerator; Smoke Detector Construction: Frame - Brick Roof: Metal; Shingle Siding: Brick; Stone; Vinyl Exterior Features: Porch - Covered; Shed; Windows - Insulated; Windows - Vinyl Misc Features: Internet Available Other Rooms: Bedroom Main Level Miscellaneous: Utility Room New Financing: Cash; Conventional; New Loan Showing: See Agent Instructns
Listing Office: Realty Executives Associates
Office Phone: 865-983-0011
Last Updated: July - 16 - 2024
107 Garrett Lane, Maryville, TN 37804- MLS# 1261828
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