102 Asbury Way, Maryville, TN 37804
$2,500,000
Property Type:
Multi-Family
Square Footage:
12,804
Status:
Pending – Continue to Show
Current Price:
$2,500,000
List Date:
4/28/2025
Last Modified:
7/07/2025
Overview
Description
12 townhouse units in booming Maryville, TN, in the foothills of the Great Smoky Mountains! Two all brick 6-plexes, located in a quiet suburban
area that is primarily single family residences. At almost 1,110 sq ft each, these townhomes are larger than many. All are 2 BDRM, 1.5 BA. All units are separately metered
and tenants pay own utilities. On-site parking at the front door of each unit. This property is ideal for an investor looking for a low maintenance,
quality product in a prime location for either long term or short term rentals. All units are currently rented bringing in over $18,000.00/month in income. Total remodels include 10 of the
units, with 2 units partially remodeled. All units have new granite countertops, new sicks, kitchen faucets, and more. Zero vacancies in the past 3 years. Property sits on 2 acre tract with approx 1 acre used for green
space, with the potential to develop into a value add space for the tenants. Room to grow with the rents. Agent/Owner.
Listing Details MLS# 1298964
Location Tax Legal Info
- House #
- 102
- Street Name
- Asbury
- St Suffix
- Way
- State/Province
- TN
- Zip Code
- 37804
- PIN #
- 047L A 005.00
Contract Info
- Auction Y/N
- No
- Listing Price
- 2500000
General Property Description
- SqFt – Total (Aprox)
- 12804
- Lot Dimensions
- 155Mx590M
- Number of Units
- 12
- # Units Leased
- 12
- Utilities/Mo Avg
- 125
- Year Built
- 1979
- Property Status
- N/A
- Restrictions
- Yes
- Driveway
- Asphalt
Status Change Info
- Status Change Date
- 2025-05-05
- Under Contract Date
- 2025-05-05
IncomeExpenses
- Net Operating Income
- 182430
Location, Tax & Legal Info
- Area
- Blount County – 28
- City/County Code
- City Limits
- Middle School
- Alcoa
- Total Tax
- 20198.71
- High School
- Alcoa
More Information
Remarks & Misc
- Directions
- From downtown Maryville take Hwy 411 East. Asbury Way is just past Brown School Rd. Property is on left. There is no sign on the property. PLEASE DO NOT DISTURB THE TENANTS.
- Public Remarks
- 12 townhouse units in booming Maryville, TN, in the foothills of the Great Smoky Mountains! Two all brick 6-plexes, located in a quiet suburban area that is primarily single family residences. At almost 1,110 sq ft each, these townhomes are larger than many. All are 2 BDRM, 1.5 BA. All units are separately metered and tenants pay own utilities. On-site parking at the front door of each unit. This property is ideal for an investor looking for a low maintenance, quality product in a prime location for either long term or short term rentals. All units are currently rented bringing in over $18,000.00/month in income. Total remodels include 10 of the units, with 2 units partially remodeled. All units have new granite countertops, new sicks, kitchen faucets, and more. Zero vacancies in the past 3 years. Property sits on 2 acre tract with approx 1 acre used for green space, with the potential to develop into a value add space for the tenants. Room to grow with the rents. Agent/Owner.
Income/Expenses
- Gross Annual Income
- 216660
Property Sub-Type
- Apartment
- Yes
Construction
- Frame – Brick
- Yes
Type of Units
- 2 Bedroom Unit
- Yes
- Townhouse
- Yes
Siding
- Brick
- Yes
Sale Includes
- No Furnishings
- Yes
Miscellaneous
- Washer/Dryer Cnctns
- Yes
Cooling
- Central Cooling
- Yes
Floors
- Carpet
- Yes
- Laminate
- Yes
Garage/Parking
- On Premise Parking
- Yes
Tenant Expenses
- Tenant Pays All Util
- Yes
Owner Expenses
- Lawn Maintenance
- Yes
- Trash Collection
- Yes
Fuel
- Electric
- Yes
- Gas (Natural)
- Yes
Heat
- Central
- Yes
Appliances
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Self Cleaning Oven
- Yes
- Smoke Detector
- Yes
Other Rooms
- Family Room
- Yes
Roof
- Shingle
- Yes
Exterior Features
- Patio
- Yes
- Windows – Bay
- Yes
Misc Features
- Pantry
- Yes
- Washer/Dryer Connect
- Yes
New Financing
- Cash
- Yes
- New Loan
- Yes
Showing
- See Agent Instructns
- Yes
Property Features
Property Sub-Type:
Apartment
Type of Units:
2 Bedroom Unit; Townhouse
Sale Includes:
No Furnishings
Floors:
Carpet; Laminate
Tenant Expenses:
Tenant Pays All Util
Owner Expenses:
Lawn Maintenance; Trash Collection
Fuel:
Electric; Gas (Natural)
Heat:
Central
Cooling:
Central Cooling
Appliances:
Dishwasher; Disposal; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector
Construction:
Frame – Brick
Roof:
Shingle
Siding:
Brick
Exterior Features:
Patio; Windows – Bay
Misc Features:
Pantry; Washer/Dryer Connect
Other Rooms:
Family Room
Miscellaneous:
Washer/Dryer Cnctns
New Financing:
Cash; New Loan
Showing:
See Agent Instructns
Listing Office:
Skyway Realty Land & Homes
IDX
Office Phone: 423-253-7100
Last Updated: July – 07 – 2025
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