5507 US Highway 411, Maryville, TN 37801
$1,200,000
Property Type:
Multi-Family
Square Footage:
9,186
Status:
Closed
Current Price:
$1,200,000
List Date:
7/14/2022
Last Modified:
10/18/2023
Overview
Description
Once of a kind opportunity to own an income producing portfolio on 7+ ACRES with Hwy 411 road frontage! This multi-family portfolio includes 16 mobile homes/mobile home pads (9 mobile homes are owned & convey; 7 are pads that are receiving lot rent), a duplex with both updated 2 BR, 2 BA units rented out as well as an efficiency apartment that is also currently rented. The monthly rental numbers for June surpassed $11,000, July's gross rent surpassed $13,500, and August is projected to hit $15,000 in gross monthly rental income. Tenants pay all utilities except for water. Water is provided through shared well. Updated survey is expected to be available Monday, July 18th. Please note that tax amounts will vary because there are two parcels that were taken out and surveyed separately.
Listing Details MLS# 1199200
Location Tax Legal Info
- House #
- 5507
- Street Name
- US Highway 411
- State/Province
- TN
- Zip Code
- 37801
- PIN #
- 100 006.00
Contract Info
- Auction Y/N
- No
- Listing Price
- 1500000
General Property Description
- SqFt - Total (Aprox)
- 9186
- Lot Dimensions
- 780X460X317 IRR
- Number of Units
- 19
- # Units Leased
- 16
- Utilities/Mo Avg
- 363
- Year Built
- 1969
- Property Status
- N/A
- Driveway
- Paved
- Lease Information
- 16 Mobile Home Lots (9 mobile homes owned; 7 are lot rent only); duplex; efficiency apartment
Status Change Info
- Status Change Date
- 2022-08-29
- Under Contract Date
- 2022-07-19
- Sold Date
- 2022-08-26
Location, Tax & Legal Info
- Area
- Blount County - 28
- City/County Code
- County
- Elementary School
- Lanier
- Total Tax
- 1306
- High School
- William Blount
Remarks & Misc
- Directions
- Heading south on Alcoa Hwy, continue south on 411/ W Broadway for 8.8 miles. Duplex address is 5507 US Highway 411 S. 107 Big Dee Lane is the address for the Mobile Home Park.
- Public Remarks
- Once of a kind opportunity to own an income producing portfolio on 7+ ACRES with Hwy 411 road frontage! This multi-family portfolio includes 16 mobile homes/mobile home pads (9 mobile homes are owned & convey; 7 are pads that are receiving lot rent), a duplex with both updated 2 BR, 2 BA units rented out as well as an efficiency apartment that is also currently rented. The monthly rental numbers for June surpassed $11,000, July's gross rent surpassed $13,500, and August is projected to hit $15,000 in gross monthly rental income. Tenants pay all utilities except for water. Water is provided through shared well. Updated survey is expected to be available Monday, July 18th. Please note that tax amounts will vary because there are two parcels that were taken out and surveyed separately.
More Information
Income/Expenses
- Gross Annual Income
- 162540
- Annual Oper Expenses
- 38504
Property Sub-Type
- Duplex
- Yes
- Other
- Yes
Construction
- Frame
- Yes
Type of Units
- Efficiency Unit
- Yes
- 2 Bedroom Unit
- Yes
- 3 or more Bdrm Units
- Yes
- Other
- Yes
Siding
- Aluminum Siding
- Yes
- Vinyl
- Yes
Sale Includes
- Building and Land
- Yes
- Other
- Yes
Miscellaneous
- Balcony
- Yes
- Patio
- Yes
- TV Cable Available
- Yes
- Washer/Dryer Cnctns
- Yes
Cooling
- Central Cooling
- Yes
Floors
- Carpet
- Yes
- Laminate
- Yes
- Tile
- Yes
Garage/Parking
- Attached
- Yes
- Carport
- Yes
- Individual Carports
- Yes
- Off-Street Parking
- Yes
- On Premise Parking
- Yes
Tenant Expenses
- Cooling
- Yes
- Electricity
- Yes
- Heating
- Yes
- Telephone
- Yes
- Trash Collection
- Yes
Owner Expenses
- Exterior Maintenance
- Yes
- HVAC Maintenance
- Yes
- Insurance
- Yes
- Lawn Maintenance
- Yes
- Leasing Fees
- Yes
- Roof Maintenance
- Yes
- Supplies
- Yes
- Taxes
- Yes
- Water
- Yes
Fuel
- Electric
- Yes
Heat
- Central
- Yes
Appliances
- Dishwasher
- Yes
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Self Cleaning Oven
- Yes
- Smoke Detector
- Yes
Other Rooms
- Bedroom Main Level
- Yes
- Mstr Bdrm Main Level
- Yes
Roof
- Metal
- Yes
- Shingle
- Yes
Misc Features
- Washer/Dryer Connect
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- New Loan
- Yes
Showing
- See Agent Instructns
- Yes
Property Features
Property Sub-Type:
Duplex; Other
Type of Units:
Efficiency Unit; 2 Bedroom Unit; 3 or more Bdrm Units; Other
Sale Includes:
Building and Land; Other
Floors:
Carpet; Laminate; Tile
Tenant Expenses:
Electricity; Telephone; Trash Collection
Owner Expenses:
Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Leasing Fees; Roof Maintenance; Supplies; Taxes; Water
Fuel:
Electric
Heat:
Central
Cooling:
Central Cooling
Appliances:
Dishwasher; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector
Construction:
Frame
Roof:
Metal; Shingle
Siding:
Aluminum Siding; Vinyl
Misc Features:
Washer/Dryer Connect
Other Rooms:
Bedroom Main Level; Mstr Bdrm Main Level
Miscellaneous:
Balcony; Patio; TV Cable Available; Washer/Dryer Cnctns
New Financing:
Cash; Conventional; New Loan
Showing:
See Agent Instructns
Listing Office:
The Dwight Price Group Realty Executives Associates
IDX
Office Phone: 865-888-7653
Last Updated: October - 18 - 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
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