1705 Ogle Rd, Gatlinburg, TN 37738
$3,725,000
Property Type:
Multi-Family
Square Footage:
20,420
Status:
Closed
Current Price:
$3,725,000
List Date:
6/05/2024
Last Modified:
10/01/2024
Description
We are pleased to exclusively present Ogle Townhomes. These 21 units are 100% occupied and centrally located in Gatlinburg, Tennessee. Gatlinburg is known as the gateway to the Great Smoky Mountains National Park, the most visited national park in the United States. The property is currently operated as traditional apartments, but the zoning allows for short term rentals as well. The property has historically been fully occupied and there is ability to further increase rents. There are laundry facilities on site. Each unit is separately metered for electric and water is on one meter, however that expense will be billed back for any new leases executed.
More Information MLS# 1265237
Location, Tax & Legal Info
Area: Sevier County - 27
City/County Code: City Limits
Elementary School: Pittman Center
Total Tax: 7302.08
High School: Gatlinburg Pittman
Contract Info
Auction Y/N: No
Listing Price: 3940000
Current Price: $3,725,000
Status: Closed
Listing Date: 2024-06-05
General Property Description
Lot Dimensions: n/a
# Units Leased: 21
Utilities/Mo Avg: 2139.5
Property Status: N/A
Driveway: Pavement
SqFt - Total (Aprox): 20420
Number of Units: 21
Year Built: 2004
Remarks & Misc
Directions: From Gatlinburg travel on 321 towards Cosby to Left on Mills Park Rd to Left on Ogle Rd see apartments.
Public Remarks: We are pleased to exclusively present Ogle Townhomes. These 21 units are 100% occupied and centrally located in Gatlinburg, Tennessee. Gatlinburg is known as the gateway to the Great Smoky Mountains National Park, the most visited national park in the United States. The property is currently operated as traditional apartments, but the zoning allows for short term rentals as well. The property has historically been fully occupied and there is ability to further increase rents. There are laundry facilities on site. Each unit is separately metered for electric and water is on one meter, however that expense will be billed back for any new leases executed.
Property Sub-Type
Apartment: 1
Construction
Frame: 1
Type of Units
1 Bedroom Unit: 1
2 Bedroom Unit: 1
3 or more Bdrm Units: 1
Sale Includes
Building and Land: 1
Miscellaneous
Coin Laundry: 1
Cooling
Central Cooling: 1
Floors
Laminate: 1
Vinyl: 1
Garage/Parking
On Premise Parking: 1
Fuel
Other Fuel: 1
Heat
Central: 1
Other Rooms
Other: 1
Roof
Other: 1
New Financing
Cash: 1
Conventional: 1
New Loan: 1
Location Tax Legal Info
House #: 1705
Street Name: Ogle
St Suffix: Rd
State/Province: TN
Zip Code: 37738
PIN #: 118 026.01
Geo Lat: 35.739975
Geo Lon: -83.448642
Status Change Info
Status Change Date: 2024-10-01
Under Contract Date: 2024-08-07
Sold Date: 2024-09-30
Sold Price: $3,725,000
Property Features
Property Sub-Type: Apartment
Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; 3 or more Bdrm Units
Sale Includes: Building and Land
Floors: Laminate; Vinyl
Fuel: Other Fuel
Heat: Central
Cooling: Central Cooling
Construction: Frame
Roof: Other
Other Rooms: Other
Miscellaneous: Coin Laundry
New Financing: Cash; Conventional; New Loan
Listing Office: SVN I Wood Properties
Office Phone: 865-936-9999
Last Updated: October - 01 - 2024
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