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1503 Travel Way

Sevierville, TN 37862
  • $1,850,000
  • STATUS: Closed
  • ON SITE: 87 Days
  • ID#: 1186349
Sold - 06/27/2022
$1,850,000
SOLD - 06/27/2022
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 16,310
    SQFT
  • $113
    $/SQFT
Type:
Multi-Family
Built:
1982
County:
Area:

School Ratings & Info

Description

First time on the market! 26-unit property on 5 acres with value-add opportunities & million-dollar views! Well-located in Sevier County, close to all the jobs in Pigeon Forge and Sevierville and surrounded by high-end homes.This offering includes 2 separate parcels nearly adjacent to each other. The Travel Way parcel contains the Seller's 3-BR home (completed 1982), a mixed-use building with a coin laundry, office, workshop, a 2-BR apt (built ~1996), a two car garage plus 12 units (small and affordable) in 4 triplexes (built between 1994 and1997). The Flatwood Rd parcel, just a few lots over, also contains 4 triplexes of similar age, a huge barn and potential to build three more units. Each parcel contains 2.5 acres. Lots of potential for rent increase.

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© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Hutch & Howard | Keller Williams 865-966-5005. Information is deemed reliable but is not guaranteed accurate by the MLS or Hutch & Howard | Keller Williams 865-966-5005. Data last updated: 2022-07-01T18:17:31.853.
www.hutchandhoward.com/homes/127371282
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1503 Travel Way Sevierville, TN 37862

  • Price: $2,100,000
  • Status: Closed
  • On Site: 87 Days
  • Updated: 56 min ago
  • ID#: 1186349
0
Beds
0
Baths
0
½ Baths
N/A
Acres
16,310
SQFT
$113
$/SQFT
1982
Built
County:
Sevier
Area:
Sevierville
Property Description
First time on the market! 26-unit property on 5 acres with value-add opportunities & million-dollar views! Well-located in Sevier County, close to all the jobs in Pigeon Forge and Sevierville and surrounded by high-end homes.This offering includes 2 separate parcels nearly adjacent to each other. The Travel Way parcel contains the Seller's 3-BR home (completed 1982), a mixed-use building with a coin laundry, office, workshop, a 2-BR apt (built ~1996), a two car garage plus 12 units (small and affordable) in 4 triplexes (built between 1994 and1997). The Flatwood Rd parcel, just a few lots over, also contains 4 triplexes of similar age, a huge barn and potential to build three more units. Each parcel contains 2.5 acres. Lots of potential for rent increase.
Exterior Features

Construction Frame Driveway Gravel Garage Parking On Premise Parking Lot Size 600X616xirreg Siding Other

Interior Features

Appliances RangeRefrigerator Cooling Central CoolingWall Cooling Floors LaminateVinyl Fuel ElectricGas (Natural) Heat BaseboardCentralOther Misc Features None Other Rooms Mstr Bdrm Main Level

Property Features

Annual Oper Expenses 49365.00 Auction YN No City County Code County City Taxes 0.00 County Taxes 3078.00 Gross Annual Income 164473.00 Lease Information 23 Units Are Rented Miscellaneous Coin Laundry Multifamily Sub Type Apartment Net Operating Income 116308.00 New Financing New Loan Owner Expenses Common Area MaintenanceInsuranceTaxesTrash Collection Property Status N/A Pud YN No Sale Includes Building And Land Tenant Expenses CoolingElectricityGasHeating Total Tax 3078.00 Type Of Units 1 Bedroom Unit3 Or More Bdrm UnitsUnfurnished Utilities Mo Avg 90.00

Listing information © 2022 Knoxville Area Association of REALTORS®, Inc.
Listing provided courtesy of Goldman Partners Realty, Llc.


© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Hutch & Howard | Keller Williams 865-966-5005. Information is deemed reliable but is not guaranteed accurate by the MLS or Hutch & Howard | Keller Williams 865-966-5005. Data last updated: 2022-07-01T18:17:31.853.
 
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Hutch & Howard | Keller Williams 865-966-5005
11400 Parkside Drive, suite 120
Knoxville TN, 37934