1908 Sequoyah Ave, Maryville, TN 37804

$2,350,000
Property Type: Multi-Family Square Footage: 33,320 Lot Size (sq. ft.): 4 Status: Closed
Current Price: $2,350,000 List Date: 2/04/2019 Last Modified: 11/15/2019

Overview

Description

Incredible investment opportunity in highly desirable John Sevier area of Maryville. This well maintained complex includes twenty-six 2BR.1.5BA & two 3BR/2.5BA townhouses (28 Total Units). Many premium features in every unit, including two car carport, two covered patios and a covered balcony, in-unit washer & dryer hookups, and much more! Many units completely updated withing past five years. Property is located adjacent to the John Sevier Park & Pool and across the street from John Sevier Elementary & Maryville Academy. Property is being sold exclusively with adjacent lot (MLS #1068772, Combined MLS #1068768) (including building plans for a previously approved project of 19 additional 2 & 3 bedroom townhouses). Owner will not sell without purchase of separate lot.

Listing Details MLS# 1068769

Location Tax Legal Info

House #
1908
Street Name
Sequoyah
St Suffix
Ave
State/Province
TN
Zip Code
37804
PIN #
047k D 002.00
Subdivision
John Sevier Townhouses

Contract Info

Auction Y/N
No
Listing Price
2375000

General Property Description

SqFt – Total (Aprox)
33320
Lot Dimensions
multi
Lot Size SqFt
4.48
Number of Units
28
# Units Leased
28
Utilities/Mo Avg
41
Year Built
1975
Property Status
N/A
Driveway
Asphalt
Lease Information
See rent roll

Status Change Info

Status Change Date
2019-06-18
Under Contract Date
2019-02-23
Sold Date
2019-06-14

Roof

Roof Info
Shingle

Location, Tax & Legal Info

Area
Blount County – 28
Community
John Sevier
City/County Code
City Limits
Total Tax
33572.47

More Information

Remarks & Misc

Directions
From downtown Maryville, take Sevierville Road away from town. Take a left on Brentwood Rd, then right on Sequoyah Ave. Property will be immediately on the right, just before John Sevier Park & Pool.
Public Remarks
Incredible investment opportunity in highly desirable John Sevier area of Maryville. This well maintained complex includes twenty-six 2BR.1.5BA & two 3BR/2.5BA townhouses (28 Total Units). Many premium features in every unit, including two car carport, two covered patios and a covered balcony, in-unit washer & dryer hookups, and much more! Many units completely updated withing past five years. Property is located adjacent to the John Sevier Park & Pool and across the street from John Sevier Elementary & Maryville Academy. Property is being sold exclusively with adjacent lot (MLS #1068772, Combined MLS #1068768) (including building plans for a previously approved project of 19 additional 2 & 3 bedroom townhouses). Owner will not sell without purchase of separate lot.

Income/Expenses

Gross Annual Income
264909.83

Property Sub-Type

Other
Yes

Construction

Block
Yes
Frame – Brick
Yes

Type of Units

2 Bedroom Unit
Yes
3 or more Bdrm Units
Yes
Townhouse
Yes
Unfurnished
Yes

Siding

Brick
Yes
Other
Yes

Sale Includes

Building and Land
Yes

Miscellaneous

Balcony
Yes
TV Cable Available
Yes
Washer/Dryer Cnctns
Yes

Cooling

Central Cooling
Yes

Floors

Carpet
Yes
Laminate
Yes
Tile
Yes
Vinyl
Yes

Garage/Parking

Carport
Yes
Individual Carports
Yes

Tenant Expenses

Cooling
Yes
Electricity
Yes
Gas
Yes
Heating
Yes
Sewer
Yes
Telephone
Yes
Tenant Pays All Util
Yes
Water
Yes

Owner Expenses

Advertising
Yes
Common Area Maintenance
Yes
Electricity
Yes
Exterior Maintenance
Yes
Gas
Yes
HVAC Maintenance
Yes
Insurance
Yes
Lawn Maintenance
Yes
Leasing Fees
Yes
Roof Maintenance
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Fuel

Electric
Yes
Gas (Natural)
Yes

Heat

Central
Yes

Appliances

Range
Yes
Refrigerator
Yes

Other Rooms

Other
Yes

Exterior Features

Balcony
Yes
Patio
Yes
Porch – Covered
Yes

Misc Features

Internet Available
Yes
Washer/Dryer Connect
Yes

New Financing

Cash
Yes
New Loan
Yes

Showing

See Agent Instructns
Yes

Property Features

Property Sub-Type: Other Type of Units: 2 Bedroom Unit; 3 or more Bdrm Units; Townhouse; Unfurnished Sale Includes: Building and Land Floors: Carpet; Laminate; Tile; Vinyl Tenant Expenses: Electricity; Gas; Sewer; Telephone; Tenant Pays All Util; Water Owner Expenses: Advertising; Common Area Maintenance; Electricity; Exterior Maintenance; Gas; HVAC Maintenance; Insurance; Lawn Maintenance; Leasing Fees; Roof Maintenance; Sewer; Taxes; Water Fuel: Electric; Gas (Natural) Heat: Central Cooling: Central Cooling Appliances: Range; Refrigerator Construction: Block; Frame – Brick Siding: Brick; Other Exterior Features: Balcony; Patio; Porch – Covered Misc Features: Internet Available; Washer/Dryer Connect Other Rooms: Other Miscellaneous: Balcony; TV Cable Available; Washer/Dryer Cnctns New Financing: Cash; New Loan Showing: See Agent Instructns
Listing Office: Realty Executives Associates
IDX
Office Phone: 865-531-2020
Last Updated: November – 15 – 2019
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.