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5507 Us Highway 411

Maryville, TN 37801
  • $1,500,000
  • STATUS: Active Under Contract
  • ON SITE: 33 Days
  • ID#: 1199200
Under Contract
UPDATED: 74 min ago
$1,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,186
    SQFT
  • $163
    $/SQFT
Type:
Multi-Family
Built:
1969
County:
Area:

School Information

Elementary School:
High School:

Description

Once of a kind opportunity to own an income producing portfolio on 7+ ACRES with Hwy 411 road frontage! This multi-family portfolio includes 16 mobile homes/mobile home pads (9 mobile homes are owned & convey; 7 are pads that are receiving lot rent), a duplex with both updated 2 BR, 2 BA units rented out as well as an efficiency apartment that is also currently rented. The monthly rental numbers for June surpassed $11,000, July's gross rent surpassed $13,500, and August is projected to hit $15,000 in gross monthly rental income. Tenants pay all utilities except for water. Water is provided through shared well. Updated survey is expected to be available Monday, July 18th. Please note that tax amounts will vary because there are two parcels that were taken out and surveyed separately.

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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 JET Real Estate. Information is deemed reliable but is not guaranteed accurate by the MLS or JET Real Estate. Data last updated: 2022-08-17T17:16:45.873.
www.jetrealestate.com/homes/130905529
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5507 Us Highway 411 Maryville, TN 37801

  • Price: $1,500,000
  • Status: Active Under Contract
  • On Site: 33 Days
  • Updated: 74 min ago
  • ID#: 1199200
0
Beds
0
Baths
0
½ Baths
N/A
Acres
9,186
SQFT
$163
$/SQFT
1969
Built
County:
Blount
Area:
Maryville
Elementary School:
Lanier
High School:
William Blount
Property Description
Once of a kind opportunity to own an income producing portfolio on 7+ ACRES with Hwy 411 road frontage! This multi-family portfolio includes 16 mobile homes/mobile home pads (9 mobile homes are owned & convey; 7 are pads that are receiving lot rent), a duplex with both updated 2 BR, 2 BA units rented out as well as an efficiency apartment that is also currently rented. The monthly rental numbers for June surpassed $11,000, July's gross rent surpassed $13,500, and August is projected to hit $15,000 in gross monthly rental income. Tenants pay all utilities except for water. Water is provided through shared well. Updated survey is expected to be available Monday, July 18th. Please note that tax amounts will vary because there are two parcels that were taken out and surveyed separately.
Exterior Features

Construction Frame Driveway Paved Garage Parking AttachedCarportIndividual CarportsOff-Street ParkingOn Premise Parking Lot Size 780X460X317 IRR Siding Aluminum SidingVinyl

Interior Features

Appliances DishwasherMicrowaveRangeRefrigeratorSelf Cleaning OvenSmoke Detector Cooling Central Cooling Floors CarpetLaminateTile Fuel Electric Heat Central Misc Features Washer/Dryer Connect Other Rooms Mstr Bdrm Main LevelOffice/Br Main Level

Property Features

Annual Oper Expenses 38504.00 Auction YN No City County Code County City Taxes 0.00 County Taxes 1306.00 Gross Annual Income 162540.00 Lease Information 16 Mobile Home Lots (9 Mobile Homes Owned; 7 Are Lot Rent Only); Duplex; Efficiency Apartment Miscellaneous BalconyPatioTv Cable AvailableWasher/Dryer Cnctns Multifamily Sub Type DuplexOther New Financing CashConventionalNew Loan Owner Expenses Exterior MaintenanceHvac MaintenanceInsuranceLawn MaintenanceLeasing FeesRoof MaintenanceSuppliesTaxesWater Property Status N/A Pud YN No Sale Includes Building And LandOther Tenant Expenses CoolingElectricityHeatingTelephoneTrash Collection Total Tax 1306.00 Type Of Units 2 Bedroom Unit3 Or More Bdrm UnitsEfficiency UnitOther Units Leased 16.00 Utilities Mo Avg 363.00

Listing information © 2022 Knoxville Area Association of REALTORS®, Inc.
Listing provided courtesy of The Dwight Price Group Realty Executives Associates.


© 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 JET Real Estate. Information is deemed reliable but is not guaranteed accurate by the MLS or JET Real Estate. Data last updated: 2022-08-17T17:16:45.873.
 
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