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
Overview
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.
Listing Details MLS# 1233376
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
Contract Info
- Auction Y/N
- No
- Listing Price
- 4250000
General Property Description
- Lot Dimensions
- .
- Number of Units
- 40
- Year Built
- 1963
- Property Status
- N/A
- Driveway
- Paved
- Utilities/Mo Avg
- 0
Status Change Info
- Status Change Date
- 2023-10-17
- Under Contract Date
- 2023-07-22
- Sold Date
- 2023-10-16
Location, Tax & Legal Info
- Area
- Blount County - 28
- City/County Code
- City Limits
- Total Tax
- 10312.34
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.
More Information
Property Sub-Type
- Apartment
- Yes
Construction
- Frame - Brick
- Yes
- Other
- Yes
Type of Units
- Efficiency Unit
- Yes
- 1 Bedroom Unit
- Yes
- 2 Bedroom Unit
- Yes
Sale Includes
- Building and Land
- Yes
Cooling
- Other
- Yes
Floors
- Laminate
- Yes
- Other
- Yes
Garage/Parking
- Off-Street Parking
- Yes
- On Premise Parking
- Yes
Fuel
- Other Fuel
- Yes
Heat
- Other
- Yes
Other Rooms
- Other
- Yes
Roof
- Shingle
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
Showing
- See Agent Instructns
- Yes
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
IDX
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.
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
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