804 East Pkwy, Gatlinburg, TN 37738
$1,100,000
Property Type:
Multi-Family
Square Footage:
4,747
Lot Size (sq. ft.):
24,829
Status:
Closed
Current Price:
$1,100,000
List Date:
6/12/2021
Last Modified:
11/04/2021
Description
Within minutes of downtown Gatlinburg. Studio Apartments (open one-bedroom) 100% occupancy with the added benefit of below market rents that are ripe for raising. Tenant parking spaces—excellent for tenant retention. All units have refrigerators. 7 units have kitchenettes. 3 Units are one bedroom. 13 units total. Current Gross $100K per year. Potential opportunity through re-positioning to VRBO property. Possible owner financing.
More Information MLS# 1156393
Location, Tax & Legal Info
Area: Sevier County - 27
City/County Code: City Limits
Elementary School: Pi Beta Phi
Middle School: Pigeon Forge
Total Tax: 2713.8
High School: Gatlinburg Pittman
Contract Info
Auction Y/N: No
Listing Price: 1200000
Current Price: $1,100,000
Status: Closed
Listing Date: 2021-06-12
General Property Description
Lot Dimensions: IRR
Lot Size SqFt: 24829
# Units Leased: 13
Restrictions: No
Utilities/Mo Avg: 1289
Property Status: N/A
Driveway: yes
SqFt - Total (Aprox): 4747
Number of Units: 13
Year Built: 1947
Remarks & Misc
Directions: Gatlinburg to East parkway Hwy 321 1.3 miles
Public Remarks: Within minutes of downtown Gatlinburg. Studio Apartments (open one-bedroom) 100% occupancy with the added benefit of below market rents that are ripe for raising. Tenant parking spaces—excellent for tenant retention. All units have refrigerators. 7 units have kitchenettes. 3 Units are one bedroom. 13 units total. Current Gross $100K per year. Potential opportunity through re-positioning to VRBO property. Possible owner financing.
Income/Expenses
Gross Annual Income: 106800
Property Sub-Type
Other: 1
Construction
Frame: 1
Type of Units
Efficiency Unit: 1
Furnished: 1
Siding
Other: 1
Sale Includes
All Furnishings: 1
Cooling
Wall Cooling: 1
Floors
Other: 1
Garage/Parking
None: 1
Tenant Expenses
Other: 1
Owner Expenses
Taxes: 1
Water: 1
Fuel
Electric: 1
Heat
Forced Air: 1
Other Rooms
Other: 1
Roof
Shingle: 1
Exterior Features
Patio: 1
Shed: 1
Misc Features
None: 1
New Financing
Cash: 1
New Loan: 1
Owner Will Carry: 1
Location Tax Legal Info
House #: 804
Street Name: East
St Suffix: Pkwy
State/Province: TN
Zip Code: 37738
PIN #: 127H B 007.00 000
Subdivision: Survey Recorded
Geo Lat: 35.722404
Geo Lon: -83.496077
Status Change Info
Status Change Date: 2021-11-04
Under Contract Date: 2021-06-28
Sold Date: 2021-11-03
Sold Price: $1,100,000
Property Features
Property Sub-Type: Other
Type of Units: Efficiency Unit; Furnished
Sale Includes: All Furnishings
Floors: Other
Tenant Expenses: Other
Owner Expenses: Taxes; Water
Fuel: Electric
Heat: Forced Air
Cooling: Wall Cooling
Construction: Frame
Roof: Shingle
Siding: Other
Exterior Features: Patio; Shed
Misc Features: None
Other Rooms: Other
New Financing: Cash; New Loan; Owner Will Carry
Documents
PLAT ›Listing Office: Just Listed Knoxville Real Est
Office Phone: 865-705-2062
Last Updated: November - 04 - 2021
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