721 W Casey Drive, Sevierville, TN 37862
$1,950,000
Property Type:
Multi-Family
Square Footage:
7,776
Status:
Active
Current Price:
$1,950,000
List Date:
7/14/2025
Last Modified:
8/12/2025
Description
Mountain Mist Apartments. Don't miss this exceptional opportunity to own a fully leased, income-producing 10-unit apartment complex located just minutes from Dollywood and other area attractions. Each of the 10 well-maintained units offers:2 Bedrooms, 1 Full Bathroom Washer/Dryer Connections in Every Unit, Kitchens Remodeled in some Units: Includes refrigerator, oven/range, sink, faucets, cabinets & countertopsNew Insulated Vinyl Windows (2022) Recent Updates (within the last 5 years): Plank flooring, interior paint, new outlets & switches, HVAC systems, and modern light fixturesCovered Front Porch & Private Back Patio for each unit. Property is in a highly sought-after location with strong rental history and is 100% occupied. Whether you're an experienced investor or looking to expand your portfolio, this property is a solid performer! Special pricing if bought with the 13 unit in Daybreak Way Apts. MLS# 1308338
( both total 23 units for $3,895,000) Serious inquiries only.
More Information MLS# 1308335
Location, Tax & Legal Info
Area: Sevier County - 27
Community: Sevierville
City/County Code: City Limits
Elementary School: Sevierville Primary
Middle School: Sevierville
Total Tax: 3066.17
High School: Sevier County
Contract Info
Auction Y/N: No
Listing Price: 1950000
Current Price: $1,950,000
Status: Active
Listing Date: 2025-07-14
General Property Description
Total Unfinished SqFt: 0
Lot Dimensions: 646x 168 X IRR
# Units Leased: 10
Utilities/Mo Avg: 0
Property Status: N/A
Driveway: asphalt
Lease Information: 2- 4 plex & 1 duplex ,all leased .
SqFt - Total (Aprox): 7776
Number of Units: 10
Year Built: 1990
Remarks & Misc
Directions: hwy 66 /Winfield Dunn to Robert Henderson, L on Howard Dr, L w Casey Dr Right to apartments.
Public Remarks: Mountain Mist Apartments. Don't miss this exceptional opportunity to own a fully leased, income-producing 10-unit apartment complex located just minutes from Dollywood and other area attractions. Each of the 10 well-maintained units offers:2 Bedrooms, 1 Full Bathroom Washer/Dryer Connections in Every Unit, Kitchens Remodeled in some Units: Includes refrigerator, oven/range, sink, faucets, cabinets & countertopsNew Insulated Vinyl Windows (2022) Recent Updates (within the last 5 years): Plank flooring, interior paint, new outlets & switches, HVAC systems, and modern light fixturesCovered Front Porch & Private Back Patio for each unit. Property is in a highly sought-after location with strong rental history and is 100% occupied. Whether you're an experienced investor or looking to expand your portfolio, this property is a solid performer! Special pricing if bought with the 13 unit in Daybreak Way Apts. MLS# 1308338
( both total 23 units for $3,895,000) Serious inquiries only.
Income/Expenses
Gross Annual Income: 162960
Annual Oper Expenses: 39924
Property Sub-Type
Apartment: 1
Duplex: 1
Four Plex: 1
Construction
Frame: 1
Type of Units
2 Bedroom Unit: 1
Unfurnished: 1
Siding
Vinyl: 1
Sale Includes
Building and Land: 1
Miscellaneous
No Pets: 1
Storage Space: 1
TV Cable Available: 1
Washer/Dryer Cnctns: 1
Cooling
Central Cooling: 1
Floors
Laminate: 1
Garage/Parking
Off-Street Parking: 1
Tenant Expenses
Electricity: 1
Heating: 1
Telephone: 1
Water: 1
Owner Expenses
Advertising: 1
Common Area Maintenance: 1
Exterior Maintenance: 1
HVAC Maintenance: 1
Insurance: 1
Lawn Maintenance: 1
Leasing Fees: 1
Taxes: 1
Trash Collection: 1
Fuel
Electric: 1
Heat
Central: 1
Appliances
Range: 1
Refrigerator: 1
Self Cleaning Oven: 1
Smoke Detector: 1
Other Rooms
Bedroom Main Level: 1
Mstr Bdrm Main Level: 1
Roof
Asphalt: 1
Shingle: 1
Exterior Features
Patio: 1
Porch - Covered: 1
Windows - Insulated: 1
Misc Features
Internet Available: 1
Washer/Dryer Connect: 1
New Financing
Cash: 1
Conventional: 1
Location Tax Legal Info
House #: 721
St Dir: W
Street Name: Casey
St Suffix: Drive
State/Province: TN
Zip Code: 37862
PIN #: 049 046.00
Subdivision: Paul Henderson Prop
Geo Lat: 35.875823
Geo Lon: -83.543073
Status Change Info
Status Change Date: 2025-07-14
IncomeExpenses
Net Operating Income: 123036
Property Features
Property Sub-Type: Apartment; Duplex; Four Plex
Type of Units: 2 Bedroom Unit; Unfurnished
Sale Includes: Building and Land
Floors: Laminate
Tenant Expenses: Electricity; Telephone; Water
Owner Expenses: Advertising; Common Area Maintenance; Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Leasing Fees; Taxes; Trash Collection
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Appliances: Range; Refrigerator; Self Cleaning Oven; Smoke Detector
Construction: Frame
Roof: Asphalt; Shingle
Siding: Vinyl
Exterior Features: Patio; Porch - Covered; Windows - Insulated
Misc Features: Internet Available; Washer/Dryer Connect
Other Rooms: Bedroom Main Level; Mstr Bdrm Main Level
Miscellaneous: No Pets; Storage Space; TV Cable Available; Washer/Dryer Cnctns
New Financing: Cash; Conventional
Listing Office: Realty Executives Associates
Office Phone: 865-693-3232
Last Updated: August - 12 - 2025
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