Four Duplexes in Seymour

Multi-Family for Sale
Catylist Listing ID: 30704967
Property Subtypes: Duplex/Fourplex
Number of Units: 8 Units
Building Size (RSF): 4,482 SF
Gross Building Area: See Agent
Sale Price: $925,000
Unit Price: $115,625 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 2/23/2021

Overview / Comments

This investment features four adjoining individually parceled duplexes that have been meticulously maintained. The historical average occupancy is 100% and rent collections have been unaffected by the pandemic. Tenants enjoy spacious floor plans, vinyl flooring throughout, and decks with amazing views of the mountains. There is room to further increase rent. All utilities are paid by the tenants.
Short term rentals are permitted at this property.
Unit Mix:
616 N Cunningham: (2) 2 BR 1 BA Units
618 N Cunningham: (1) 2 BR 2 BA Unit + (1) 1 BR 1 BA Unit
622 N Cunningham: (2) 2 BR 1.5 BA Unit + (1) 1 BR 1 BA Unit
628 N Cunningham: (2) 2 BR 1 BA Units

Note: Unit #2 in 616 N Cunningham will be held vacant for showings until March.

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 078034 05000
Zoning: R-1
Percent Occupied: 875%
Area Description: This property is located in Seymour, just a short drive from Knoxville, Sevierville, and Pigeon Forge. The duplexes sit on a bluff that provide beautiful views of the Great Smoky Mountains.
Total Number of Buildings: 4
Property Condition: Excellent
Number of Stories: 2
Year Built: 2007

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,964 14,755 31,416
Median Age: 44.04 42.48 40.65
Households: 1,191 5,805 12,065

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