2324-2328 Big River Overlook Drive 1-10, Sevierville, TN 37876
$1,100,000
Property Type:
Commercial Sale
Square Footage:
7,800
Lot Size (sq. ft.):
60,984
Status:
Closed
Current Price:
$1,100,000
List Date:
3/03/2025
Last Modified:
6/11/2025
Description
This is a fantastic investment opportunity! Ten 2-bedroom 1-bath units with laundry room, refrigerator, and electric stove. Low maintenance and well maintained. About half the units have vinyl plank flooring, and the other half have carpeting. Current rents are $800.00 per month. Yearly gross income $96,000.00. Each unit pays for all utilities. The owner provides dumpsters for trash, pest control service, and lawn care. Most of the property is in a 500-year flood zone; to this date, the property has never flooded. The owner is willing to finance.
More Information MLS# 304408
Location, Tax, and Legal
Unit Number: 1-10
City/County: County
Restrictive Covenants YN: No
Zoning: Residential
Zoning Entity: Sevier County
Parcel Number: 017N B 013/014/015
Tax Lot: 147/148/149
Tax Annual Amount: 4375.12
Tax Year: 2023
City Tax: 798.48
County Tax: 3576.64
Elementary School: Catlettsburg Elementary
Middle Or Junior School: Northview Junior Academy
High School: Northview Senior Academy
Contract Information
Auction YN: No
Owner Name: Sunrise TN LLC
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Association YN: No
Current Price: $1,100,000
Original List Price: 1290000
Sold Price: $1,100,000
Status: Closed
Listing Contract Date: 2025-01-04
General Property Information
Stories Total: 1
Lot Size Acres: 1.4
Lot Size Source: Public Records
Building Area Source: Estimated
Business Name: Big River Overlook Apartments
Parking Total: 25
Bonus Room YN: No
Sign On Property YN: Yes
Construction Type: Site Built
List Price/SqFt: 173.08
Sold Price/SqFt: 141.03
Living Area: 7800
Year Built: 2004
Remarks and Miscellaneous
Public Remarks: This is a fantastic investment opportunity! Ten 2-bedroom 1-bath units with laundry room, refrigerator, and electric stove. Low maintenance and well maintained. About half the units have vinyl plank flooring, and the other half have carpeting. Current rents are $800.00 per month. Yearly gross income $96,000.00. Each unit pays for all utilities. The owner provides dumpsters for trash, pest control service, and lawn care. Most of the property is in a 500-year flood zone; to this date, the property has never flooded. The owner is willing to finance.
Directions: From Parkway: Turn left at Forks of the River Parkway for .6 miles and then turn left onto Main Street for .4 miles to turn right onto Old Knoxville Hwy for 4.5 miles, cross over Boyd's Creek Hwy and Units will be on your right.
You can also take Highway 66 (Winfield Dunn Pkwy) and turn onto Boyd's Creek Hwy (338) and go approximately 1.5 miles to Big River Overlook Dr. Units will be on your right
Status Change Information
Status Change Timestamp: 2025-06-11
Buyer Financing: Conventional
Anticipated Closing Date: 2025-05-02
Major Change Timestamp: 2025-06-11T14:35:31Z
Major Change Type: Status Change
Price Change Timestamp: 2025-03-03T17:39:22Z
Purchase Contract Date: 2025-04-11
Close Date: 2025-05-01
Close Price: 1100000
Unit Details
Number Of Units Leased: 10
Accessibility Features
Accessible Central Living Area: 1
Accessible Electrical and Environmental Controls: 1
Accessible Entrance: 1
Accessible Full Bath: 1
Accessible Kitchen: 1
Accessible Stairway: 1
Safe Emergency Egress from Home: 1
Association Amenities
Management: 1
Construction Materials
Frame: 1
Vinyl Siding: 1
Cooling
Central Air: 1
Heat Pump: 1
Current Financing
Conventional: 1
Documents
Lead Based Paint: 1
Documents Available
Lead Based Paint: 1
Property Disclosure: 1
Electric
220 Volts in Kitchen: 1
220 Volts in Laundry: 1
Exterior Features
Lighting: 1
Flooring
Carpet: 1
Laminate: 1
Foundation Details
Slab: 1
Green Indoor Air Quality
Integrated Pest Management: 1
Ventilation: 1
Heating
Central: 1
Heat Pump: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Owner May Carry: 1
Lock Box Information
Call Listing Office: 1
Lot Features
Agricultural: 1
Few Trees: 1
Level: 1
Paved: 1
Parking Features
Driveway: 1
Paved: 1
Private: 1
Possession
Close Of Escrow: 1
Rental
Off Site: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Internet Available: 1
Water Connected: 1
Water Source
Public: 1
Window Features
Blinds: 1
Insulated Windows: 1
Screens: 1
Owner Pays
Common Area Maintenance: 1
Exterior Maintenance: 1
Management: 1
Pest Control: 1
Repairs: 1
Roof Maintenance: 1
Taxes: 1
Trash Collection: 1
Tenant Pays
Repairs: 1
Taxes: 1
Trash Collection: 1
Possible Use
Multi-Family: 1
Showing Considerations
Occupied: 1
Pet(s) on Premises: 1
Showing Requirements
Call Listing Office: 1
Location Tax and Legal
Street Number: 2324-2328
Street Name: Big River Overlook
Street Suffix: Drive
County: Sevier
State: TN
Zip Code: 37876
Property Sub Type: Multi Family
MLS Area Major: Sevierville
Subdivision Name: Big River Overlook
Property Features
Accessibility Features: Accessible Central Living Area; Accessible Electrical and Environmental Controls; Accessible Entrance; Accessible Full Bath; Accessible Kitchen; Accessible Stairway; Safe Emergency Egress from Home
Association Amenities: Management
Construction Materials: Frame; Vinyl Siding
Cooling: Central Air; Heat Pump
Current Financing: Conventional
Documents: Lead Based Paint
Documents Available: Lead Based Paint; Property Disclosure
Electric: 220 Volts in Kitchen; 220 Volts in Laundry
Exterior Features: Lighting
Flooring: Carpet; Laminate
Foundation Details: Slab
Green Indoor Air Quality: Integrated Pest Management; Ventilation
Heating: Central; Heat Pump
Levels: One
Listing Terms: Cash; Conventional; Owner May Carry
Lock Box Information: Call Listing Office
Lot Features: Agricultural; Few Trees; Level; Paved
Owner Pays: Common Area Maintenance; Exterior Maintenance; Management; Pest Control; Repairs; Roof Maintenance; Taxes; Trash Collection
Parking Features: Driveway; Paved; Private
Possession: Close Of Escrow
Possible Use: Multi-Family
Rental: Off Site
Road Frontage Type: City Street
Road Surface Type: Paved
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Tenant Pays: Repairs; Taxes; Trash Collection
Utilities: Cable Available; Electricity Connected; Internet Available; Water Connected
Water Source: Public
Window Features: Blinds; Insulated Windows; Screens
Showing Considerations: Occupied; Pet(s) on Premises
Showing Requirements: Call Listing Office
Documents
Commercial Property Disclosure ›
Listing Office:
Atop Ole Smoky Realty and Rent
Last Updated: June - 11 - 2025
Information deemed reliable but not guaranteed.