1432 William Holt, 39 Units/Multiple Addresses, Sevierville, TN 37862
$6,550,000
Property Type:
Commercial Sale
Square Footage:
1,320
Status:
Closed
Current Price:
$6,550,000
List Date:
5/04/2021
Last Modified:
8/23/2024
Description
MONEY MAKING INVESTMENT OPPORTUNITY! Total of 34 townhouse style units, 2 duplexes and 3 houses offered in this 39 unit investment package. Gross annual income is currently at $437,400. This is in a great location that is convenient to the hospital and the Parkway but still offers a peaceful setting. Vacancy rate is a non-issue in our market and is a great opportunity for 1031 exchange.
More Information MLS# 242272
Location, Tax, and Legal
Street Additional Info: 39 Units/Multiple Addresses
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Parcel Number: 073 021.01 077
Tax Lot: 112
Tax Annual Amount: 23356
Tax Year: 2020
Contract Information
Owner Name: 3M
Listing Agreement: Exclusive Right To Sell
Rental History Gross Amount 1: 437400
Rental History Year 1: 2020
Current Price: $6,550,000
Original List Price: 6250000
Sold Price: $6,550,000
Status: Closed
Listing Contract Date: 2021-05-04
General Property Information
Lot Size Acres: 0
Bonus Room YN: No
Sign On Property YN: No
List Price/SqFt: 4734.85
Sold Price/SqFt: 4962.12
Living Area: 1320
Year Built: 2015
Remarks and Miscellaneous
Public Remarks: MONEY MAKING INVESTMENT OPPORTUNITY! Total of 34 townhouse style units, 2 duplexes and 3 houses offered in this 39 unit investment package. Gross annual income is currently at $437,400. This is in a great location that is convenient to the hospital and the Parkway but still offers a peaceful setting. Vacancy rate is a non-issue in our market and is a great opportunity for 1031 exchange.
Directions: South on Veterans Blvd toward Middle Creek Rd, Turn left onto Middle Creek Rd, Turn left onto Ernest McMahan Rd, Slight right onto Pullen Rd, Turn right onto E Dogwood Ln, Turn left to stay on E Dogwood Ln, Turn right onto William Holt Blvd
Status Change Information
Status Change Timestamp: 2022-01-04
Buyer Financing: Conventional
Major Change Timestamp: 2022-01-04T06:39:28Z
Major Change Type: Status Change
Purchase Contract Date: 2021-10-08
Close Date: 2022-01-04
Close Price: 6550000
Currently Not Used
Book/Page/Doc #: 3847, 307
Basement
Finished: 1
Construction Materials
Frame: 1
Cooling
Central Air: 1
Electric: 1
Heat Pump: 1
Documents Available
Covenants: 1
Heating
Central: 1
Electric: 1
Heat Pump: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Fee Simple Improved: 1
Parking Features
On Site: 1
Paved: 1
Possession
Subject To Tenant Rights: 1
Road Frontage Type
County Road: 1
Road Surface Type
Paved: 1
Possible Use
Multi-Family: 1
Business Type
Residential: 1
Showing Requirements
Showing Instructions: Please do not disturb tenants. This is a confidential sale and units are 100% occupied. For similar layout and interior pictures your client can view 1456 William Holt, MLS #1141288 & 1474 William Holt, MLS #935027. I have projections for rent increase at current market values as well as market price to liquidate units. Huge potential for growth in rent increases. Similar properties are renting from $1100-$1350 per month! Financial documents provided upon request with a qualified buyer.
Location Tax and Legal
Street Number: 1432
Street Name: William Holt
County: Sevier
State: TN
Zip Code: 37862
Property Sub Type: Other
MLS Area Major: Sevierville
Subdivision Name: Willow Trace
Property Features
Basement: Finished
Business Type: Residential
Construction Materials: Frame
Cooling: Central Air; Electric; Heat Pump
Documents Available: Covenants
Heating: Central; Electric; Heat Pump
Listing Terms: 1031 Exchange; Cash; Conventional; Fee Simple Improved
Parking Features: On Site; Paved
Possession: Subject To Tenant Rights
Possible Use: Multi-Family
Road Frontage Type: County Road
Road Surface Type: Paved
Listing Office:
Parkway Realty
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.