Development & Income Producing Property

Multi-Family for Sale
Catylist Listing ID: 30528658
Property Subtypes: Mixed Use, Mobile Home Park, Other
Number of Units: 5 Units
Building Size (RSF): 1,048 SF
Gross Building Area: See Agent
Gross Land Area: 4.47 Acres
Sale Price: $350,000
Unit Price: $70,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: N/A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/20/2020

Overview / Comments

4.47-acre development opportunity with income-producing rentals and sign leases. The property is approximately three miles from the Sevierville city limits, has 825 feet of frontage on Chapman Highway (US 411/441 West), and has income-producing mobile homes, house, and sign leases. There is an adjacent 67.5-acre tract with a house that is also available for sale under separate listing.

The residential house that is rented is owned by the seller. The four mobile homes that are rented are owned by the tenants.

Attachments & Media

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 078060 00300
Zoning: C-2
Percent Occupied: 100%
Property Located Between: N. Ridge Road and Rule Way
Highway Access: Chapman Highway (US 441/411 West)
Site Description: 4.47-acre level to rolling development tract, improved with a rental house, 4 mobile homes, and three signs which all produce rental income.
Area Description: Located on Chapman Highway between Sevierville and Seymour. Rural setting.
Total Number of Buildings: 5
Property Condition: Fair
Year Built: 1944
Parking Type: Surface
Parking Description: Onsite parking
Zoning Description: C-2
Lot Frontage: 825
Lot Depth: 322
Water Service: Well
Sewer Type: Septic
Land Ownership: Fee Simple
Legal Description: Map 060, Parcel 003.00

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,675 28,451
Median Age: 40.77 39.2
Households: 3,567 10,876

Contact

Photograph of Listing Agent

Ron H Rader

NAI | RM Moore KAAR CIE Member
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