1549 Wales Ave, Maryville, TN 37804
$4,250,000
Property Type:
Multi-Family
Status:
Closed
Current Price:
$4,250,000
List Date:
7/15/2023
Last Modified:
10/17/2023
Description
Wales Apartments includes three buildings that total 40 units. There are 19 2 BD / 1.5 BA units, 20 1 BD / 1 BA units, and 1 studio. Significant capex has been completed including 16 units renovated. A buyer can continue renovations and continue increasing rents. Vacancies are due to recent renovations of units. Landlord pays water/sewer and tenants pay electric. There are laundry facilities on site. Seller is currently fixing decking and wrapping up unit renovations, all work is expected to be completed by closing.
This property is centrally located in booming Maryville, TN just minutes from Maryville College, Maryville High School, Everett Park, and downtown Maryville.
Wales Apartments is part of a 9 property, 116 unit portfolio . All properties can be bought together or separately.
More Information MLS# 1233376
Location, Tax & Legal Info
Area: Blount County - 28
City/County Code: City Limits
Total Tax: 10312.34
Contract Info
Auction Y/N: No
Listing Price: 4250000
Current Price: $4,250,000
Status: Closed
Listing Date: 2023-07-03
General Property Description
Lot Dimensions: .
Utilities/Mo Avg: 0
Property Status: N/A
Driveway: Paved
Number of Units: 40
Year Built: 1963
Remarks & Misc
Directions: SW on 33 to LT onto S 4th to RT onto Wales Ave
Public Remarks: Wales Apartments includes three buildings that total 40 units. There are 19 2 BD / 1.5 BA units, 20 1 BD / 1 BA units, and 1 studio. Significant capex has been completed including 16 units renovated. A buyer can continue renovations and continue increasing rents. Vacancies are due to recent renovations of units. Landlord pays water/sewer and tenants pay electric. There are laundry facilities on site. Seller is currently fixing decking and wrapping up unit renovations, all work is expected to be completed by closing.
This property is centrally located in booming Maryville, TN just minutes from Maryville College, Maryville High School, Everett Park, and downtown Maryville.
Wales Apartments is part of a 9 property, 116 unit portfolio . All properties can be bought together or separately.
Property Sub-Type
Apartment: 1
Construction
Frame - Brick: 1
Other: 1
Type of Units
Efficiency Unit: 1
1 Bedroom Unit: 1
2 Bedroom Unit: 1
Sale Includes
Building and Land: 1
Cooling
Other: 1
Floors
Laminate: 1
Other: 1
Garage/Parking
Off-Street Parking: 1
On Premise Parking: 1
Fuel
Other Fuel: 1
Heat
Other: 1
Other Rooms
Other: 1
Roof
Shingle: 1
New Financing
Cash: 1
Conventional: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 1549
Street Name: Wales
St Suffix: Ave
State/Province: TN
Zip Code: 37804
PIN #: 047J A 018.00
Subdivision: Scenic Terrace
Geo Lat: 35.769478
Geo Lon: -83.956123
Status Change Info
Status Change Date: 2023-10-17
Under Contract Date: 2023-07-22
Sold Date: 2023-10-16
Sold Price: $4,250,000
Property Features
Property Sub-Type: Apartment
Type of Units: Efficiency Unit; 1 Bedroom Unit; 2 Bedroom Unit
Sale Includes: Building and Land
Floors: Laminate; Other
Fuel: Other Fuel
Heat: Other
Cooling: Other
Construction: Frame - Brick; Other
Roof: Shingle
Other Rooms: Other
New Financing: Cash; Conventional
Showing: See Agent Instructns
Listing Office: SVN I Wood Properties
Office Phone: 865-936-9999
Last Updated: October - 17 - 2023
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.
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