124 Marine Way, Seymour, TN 37865
$2,550,000
Property Type:
Multi-Family
Square Footage:
21,600
Lot Size (sq. ft.):
53,579
Status:
Closed
Current Price:
$2,550,000
List Date:
4/14/2022
Last Modified:
6/28/2022
Overview
Description
RARE 24 UNIT APARTMENT COMPLEX IN BOOMING SEYMOUR – BUILT 2008, 2016 & 2018 ALL UNITS ARE 900 SQ FT TOWNHOUSE STYLE ONE BEDROOM APTS – PLUS COUNTY ONLY TAXES!
Seller is the original owner developer. This property has been carefully managed & maintained which helps Marine Way be a perfect investment for a turn key investor. Marine Way consists of four individual buildings containing 6 units. Each spacious unit offers all the amenities that residents today require: Central HVAC, washer & dryer connections, stoves, microwaves,, refrigerators, dishwashers, plenty of storage & parking at their door.
Please see attached financials including a full rent roll and Sellers actual expenses for 2021 under the documents tab.
No sign on the property. Please don’t disturb the residents
Listing Details MLS# 1187612
Location Tax Legal Info
- House #
- 124
- Street Name
- Marine
- St Suffix
- Way
- State/Province
- TN
- Zip Code
- 37865
- PIN #
- 045 103.03
Contract Info
- Auction Y/N
- No
- Listing Price
- 2700000
General Property Description
- SqFt – Total (Aprox)
- 21600
- Lot Dimensions
- 205x154xIRREG
- Lot Size SqFt
- 53579
- Number of Units
- 24
- # Units Leased
- 22
- Utilities/Mo Avg
- 1890
- Year Built
- 2008
- Property Status
- N/A
- Driveway
- Paved
- Lease Information
- 24-1+1.5 Townhome Style Units
Status Change Info
- Status Change Date
- 2022-06-28
- Under Contract Date
- 2022-04-18
- Sold Date
- 2022-06-09
IncomeExpenses
- Net Operating Income
- 143823
Location, Tax & Legal Info
- Area
- Sevier County – 27
- City/County Code
- County
- Total Tax
- 11176.37
More Information
Remarks & Misc
- Directions
- Just off Chapman Hwy and Highway 411
- Public Remarks
- RARE 24 UNIT APARTMENT COMPLEX IN BOOMING SEYMOUR – BUILT 2008, 2016 & 2018 ALL UNITS ARE 900 SQ FT TOWNHOUSE STYLE ONE BEDROOM APTS – PLUS COUNTY ONLY TAXES! Seller is the original owner developer. This property has been carefully managed & maintained which helps Marine Way be a perfect investment for a turn key investor. Marine Way consists of four individual buildings containing 6 units. Each spacious unit offers all the amenities that residents today require: Central HVAC, washer & dryer connections, stoves, microwaves,, refrigerators, dishwashers, plenty of storage & parking at their door. Please see attached financials including a full rent roll and Sellers actual expenses for 2021 under the documents tab. No sign on the property. Please don't disturb the residents
Income/Expenses
- Gross Annual Income
- 250860
- Annual Oper Expenses
- 94497
Property Sub-Type
- Apartment
- Yes
Construction
- Frame – Brick
- Yes
Type of Units
- 1 Bedroom Unit
- Yes
- Townhouse
- Yes
Siding
- Brick
- Yes
- Vinyl
- Yes
Sale Includes
- Building and Land
- Yes
Cooling
- Central Cooling
- Yes
Floors
- Carpet
- Yes
- Laminate
- Yes
- Vinyl
- Yes
Garage/Parking
- On Premise Parking
- Yes
Tenant Expenses
- Cooling
- Yes
- Electricity
- Yes
- Heating
- Yes
Owner Expenses
- HVAC Maintenance
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
- Water
- Yes
Fuel
- Electric
- Yes
Heat
- Central
- Yes
Appliances
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
Other Rooms
- Other
- Yes
Roof
- Asphalt
- Yes
Misc Features
- Washer/Dryer Connect
- Yes
New Financing
- Cash
- Yes
- New Loan
- Yes
Property Features
Property Sub-Type:
Apartment
Type of Units:
1 Bedroom Unit; Townhouse
Sale Includes:
Building and Land
Floors:
Carpet; Laminate; Vinyl
Tenant Expenses:
Electricity
Owner Expenses:
HVAC Maintenance; Sewer; Taxes; Trash Collection; Water
Fuel:
Electric
Heat:
Central
Cooling:
Central Cooling
Appliances:
Microwave; Range; Refrigerator
Construction:
Frame – Brick
Roof:
Asphalt
Siding:
Brick; Vinyl
Misc Features:
Washer/Dryer Connect
Other Rooms:
Other
New Financing:
Cash; New Loan
Documents
Financials & Property Info ›
Listing Office:
Goldman Partners Realty, LLC
IDX
Office Phone: 865-444-3240
Last Updated: June – 28 – 2022
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