Two Sevierville Rentals

Multi-Family for Sale
Also listed as Hospitality
Catylist Listing ID: 30458546
Property Subtypes: Mixed Use
Number of Units: 2 Units
Building Size (RSF): 4,489 SF
Gross Building Area: See Agent
Gross Land Area: 4.13 Acres
Sale Price: $579,000
Unit Price: $289,500 Per Unit
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/12/2019

Overview / Comments

Great chance to purchase two rental homes on 1 tract within minutes of everything Sevier County has to offer. Two (2) Structures- 1 Board and Batten style 2 story cabin, 1,267 SF, 1 Wood Siding traditional style, 2 story home, 3,222 SF. With a little work, both could be successful overnight rentals, or the larger home a long term and the cabin for overnight. There is enough room to build more rentals on the property as well. GPS hits right onto the property, Spruce and Pineridge road are paved to basically the property line, then gravel. Several properties surrounding and inside this area have sold recently including a ridge across from this to be developed into overnight cabins. MOTIVATED Sellers!

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Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $1,576 (Annual)

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 078095 09600
Zoning: R-1
Area Description: I-40 to Exit 407 onto Hwy 66 heading toward Sevierville. Left onto Hwy 411, right onto Veterans Blvd. continue to Dollywood Lane, left turn. Dollywood land turns into upper middle creek road, follow to Spruce Dr, Spruce Dr turns into Pineridge way, property up hill on left where pavement ends and gravel road starts.
Total Number of Buildings: 2
Year Built: 1986
Roof Type: Gable
Construction/Siding: Block, Wood Frame, Wood Siding
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,341 7,306 29,742
Median Age: 43.22 41 41.58
Households: 956 2,865 11,941
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