Hwy 321 Maryville Frontage

Multi-Family for Sale
Catylist Listing ID: 30581341
Building Status: Proposed
Number of Units: 3 Units
Building Size (RSF): 3,512 SF
Gross Building Area: See Agent
Sale Price: $299,900
Unit Price: $99,966.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2020

Overview / Comments

Multi family housing in a commercially zoned acreage tract. Has 3 rental homes, detached gar/wkshop & shed. Level tract of land w/ 192 front feet on Hwy 321 w/ approx 22,000 cars daily. Continue as rentals or raze and build your business on this flexible site! Rentals are $$570/$750/$1000/mo depending on house. Approx 8% Cap Rate. Operating expenses are estimates. All units have air conditioning. Note: tax assessor has this property under 2 addresses: 3247 and 3249 but both on same tract of land.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $2,362 (Annual)
Tax Value Land $119,000
Tax Value Improvements $134,100
Tax Value Personal Property $0
Assessed Value - Total($) $253,100 (Annual)
Gross Operating Income $27,840 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 005059 09100
Property Located Between: hwy 321 approx 3 mls East of Blount Memorial. Property on left.
Highway Access: 192 ft on Hwy 321, E. Lamar Alexander Pkwy.
Airports: McGhee Tyson, approx 14 min drive
Site Description: Level, 1.93 acres
Area Description: Just outside city limits, commercially zoned, hwy frontage. Traffic count approx 22,000 cars daily
Total Number of Buildings: 5
Property Condition: Fair
Number of Stories: 1
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Ample parking, 2-4 spaces per home
Total Parking Spaces: 10
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Other
Internet Access: Cable
Zoning Description: Zoned Commercial
Lot Frontage: 192
Lot Depth: 408
Water Service: Municipal
Sewer Type: Septic
Easements Description: Typical utility easements along highway
Land Ownership: Fee Simple
Legal Description: Map 059, parcel 091.00 But tax records under both 3247 and 3249 E. Lamar Alexander Pkwy.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,239 23,559 54,886
Median Age: 44.71 42.22 40.65
Households: 1,217 9,437 21,995

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