124 Marine Way, Seymour, TN 37865
$2,550,000
Property Type:
Multi-Family
Square Footage:
21,600
Lot Size (sq. ft.):
53,579
Status:
Closed
Current Price:
$2,550,000
List Date:
4/14/2022
Last Modified:
6/28/2022
Description
RARE 24 UNIT APARTMENT COMPLEX IN BOOMING SEYMOUR - BUILT 2008, 2016 & 2018 ALL UNITS ARE 900 SQ FT TOWNHOUSE STYLE ONE BEDROOM APTS - PLUS COUNTY ONLY TAXES!
Seller is the original owner developer. This property has been carefully managed & maintained which helps Marine Way be a perfect investment for a turn key investor. Marine Way consists of four individual buildings containing 6 units. Each spacious unit offers all the amenities that residents today require: Central HVAC, washer & dryer connections, stoves, microwaves,, refrigerators, dishwashers, plenty of storage & parking at their door.
Please see attached financials including a full rent roll and Sellers actual expenses for 2021 under the documents tab.
No sign on the property. Please don't disturb the residents
More Information MLS# 1187612
Location, Tax & Legal Info
Area: Sevier County - 27
City/County Code: County
Total Tax: 11176.37
Contract Info
Auction Y/N: No
Listing Price: 2700000
Current Price: $2,550,000
Status: Closed
Listing Date: 2022-04-14
General Property Description
Lot Dimensions: 205x154xIRREG
Lot Size SqFt: 53579
# Units Leased: 22
Utilities/Mo Avg: 1890
Property Status: N/A
Driveway: Paved
Lease Information: 24-1+1.5 Townhome Style Units
SqFt - Total (Aprox): 21600
Number of Units: 24
Year Built: 2008
Remarks & Misc
Directions: Just off Chapman Hwy and Highway 411
Public Remarks: RARE 24 UNIT APARTMENT COMPLEX IN BOOMING SEYMOUR - BUILT 2008, 2016 & 2018 ALL UNITS ARE 900 SQ FT TOWNHOUSE STYLE ONE BEDROOM APTS - PLUS COUNTY ONLY TAXES!
Seller is the original owner developer. This property has been carefully managed & maintained which helps Marine Way be a perfect investment for a turn key investor. Marine Way consists of four individual buildings containing 6 units. Each spacious unit offers all the amenities that residents today require: Central HVAC, washer & dryer connections, stoves, microwaves,, refrigerators, dishwashers, plenty of storage & parking at their door.
Please see attached financials including a full rent roll and Sellers actual expenses for 2021 under the documents tab.
No sign on the property. Please don't disturb the residents
Income/Expenses
Gross Annual Income: 250860
Annual Oper Expenses: 94497
Property Sub-Type
Apartment: 1
Construction
Frame - Brick: 1
Type of Units
1 Bedroom Unit: 1
Townhouse: 1
Siding
Brick: 1
Vinyl: 1
Sale Includes
Building and Land: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Laminate: 1
Vinyl: 1
Garage/Parking
On Premise Parking: 1
Tenant Expenses
Cooling: 1
Electricity: 1
Heating: 1
Owner Expenses
HVAC Maintenance: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Fuel
Electric: 1
Heat
Central: 1
Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Other Rooms
Other: 1
Roof
Asphalt: 1
Misc Features
Washer/Dryer Connect: 1
New Financing
Cash: 1
New Loan: 1
Location Tax Legal Info
House #: 124
Street Name: Marine
St Suffix: Way
State/Province: TN
Zip Code: 37865
PIN #: 045 103.03
Geo Lat: 35.872967
Geo Lon: -83.762763
Status Change Info
Status Change Date: 2022-06-28
Under Contract Date: 2022-04-18
Sold Date: 2022-06-09
Sold Price: $2,550,000
IncomeExpenses
Net Operating Income: 143823
Property Features
Property Sub-Type: Apartment
Type of Units: 1 Bedroom Unit; Townhouse
Sale Includes: Building and Land
Floors: Carpet; Laminate; Vinyl
Tenant Expenses: Electricity
Owner Expenses: HVAC Maintenance; Sewer; Taxes; Trash Collection; Water
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Appliances: Microwave; Range; Refrigerator
Construction: Frame - Brick
Roof: Asphalt
Siding: Brick; Vinyl
Misc Features: Washer/Dryer Connect
Other Rooms: Other
New Financing: Cash; New Loan
Documents
Financials & Property Info ›Listing Office: Goldman Partners Realty, LLC
Office Phone: 865-705-8675
Last Updated: June - 28 - 2022
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