501 Whitecrest Drive, Maryville, TN 37801
$4,000,000
Property Type:
Multi-Family
Status:
Closed
Current Price:
$4,000,000
List Date:
7/14/2023
Last Modified:
10/17/2023
Description
Whitecrest Apartments includes three buildings that total 36 units. There are 26 2 BD / 1 BA units and 10 1 BD / 1 BA units. Significant capex has been completed including 21 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.
Whitecrest Apartments is centrally located in booming Maryville, TN. The property is surrounded by major retailers such as Target, Home Depot, Starbucks and others. The property is just minutes from Maryville College, Maryville High School, and downtown Maryville.
Whitecrest Apartments is part of a 9 property, 116 unit portfolio . All properties can be bought together or separately.
More Information MLS# 1233351
Location, Tax & Legal Info
Area: Blount County - 28
City/County Code: City Limits
Total Tax: 20639.86
Contract Info
Auction Y/N: No
Listing Price: 4300000
Current Price: $4,000,000
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: 36
Year Built: 1953
Remarks & Misc
Directions: West on Foothills Mall Drive to RT on on Turner to RT on Whitecrest
Public Remarks: Whitecrest Apartments includes three buildings that total 36 units. There are 26 2 BD / 1 BA units and 10 1 BD / 1 BA units. Significant capex has been completed including 21 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.
Whitecrest Apartments is centrally located in booming Maryville, TN. The property is surrounded by major retailers such as Target, Home Depot, Starbucks and others. The property is just minutes from Maryville College, Maryville High School, and downtown Maryville.
Whitecrest 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: 1
Type of Units
1 Bedroom Unit: 1
2 Bedroom Unit: 1
Sale Includes
Building and Land: 1
Cooling
Other: 1
Floors
Laminate: 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 #: 501
Street Name: Whitecrest
St Suffix: Drive
State/Province: TN
Zip Code: 37801
PIN #: 057G A 009.00
Subdivision: J M Turner Farm
Geo Lat: 35.755066
Geo Lon: -83.994502
Status Change Info
Status Change Date: 2023-10-17
Under Contract Date: 2023-08-10
Sold Date: 2023-10-16
Sold Price: $4,000,000
Property Features
Property Sub-Type: Apartment
Type of Units: 1 Bedroom Unit; 2 Bedroom Unit
Sale Includes: Building and Land
Floors: Laminate
Fuel: Other Fuel
Heat: Other
Cooling: Other
Construction: Frame
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
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