230 Hardin Lane, Sevierville, TN 37862

$1,700,000
Property Type: Multi-Family Square Footage: 22,017 Status: Closed
Current Price: $1,700,000 List Date: 8/20/2015 Last Modified: 11/16/2019

Overview

Description

30 Units – 6 Years Young – Close-In Sevierville Location, Park Like Setting. River Rock Apartments is an excellent mix of 1’s 2’s & 3 bedroom units with strong historical occupancy. Well designed, with every unit submetered so residents pay all utilities including water. First floor units enjoy polished concrete floors for low cost upkeep. Second and third floor apartments have VCT commercial quality flooring and laminate floors, for savings on maintenance. Upper units enjoy balconies with terrific river views. Some units feature washer/dryer connections. Loads of parking, convenient to both the Parkway and Hwy 66 and onsite coin laundry helps these modern units attract & keep qualified local occupants. Square footage is from appraisal, is not guaranteed & should be verified by Buyer.

Listing Details MLS# 937409

Location Tax Legal Info

House #
230
Street Name
Hardin
St Suffix
Lane
State/Province
TN
Zip Code
37862
PIN #
049j A 003.00

Contract Info

Auction Y/N
No
Listing Price
1799000

General Property Description

SqFt – Total (Aprox)
22017
Lot Dimensions
1.29 acres
Number of Units
30
Year Built
2009
Property Status
N/A
Driveway
Paved
Lease Information
See Provided Property Financial Package Including Rent Roster
Utilities/Mo Avg
0

Status Change Info

Status Change Date
2015-12-30
Under Contract Date
2015-10-02
Sold Date
2015-12-30

IncomeExpenses

Net Operating Income
147800

Roof

Roof Info
Asphalt Shingle

More Information

Location, Tax & Legal Info

Area
Sevier County – 27
City/County Code
City Limits
Total Tax
11470.83

Remarks & Misc

Directions
Take HWY 66 and turn right onto Main Street. Just past Hardees make a left onto Hardin Lane. Property will be on your left in just a short distance. Property sign says ''River Rock Apartments''. No sale sign on property.
Public Remarks
30 Units – 6 Years Young – Close-In Sevierville Location, Park Like Setting. River Rock Apartments is an excellent mix of 1's 2's & 3 bedroom units with strong historical occupancy. Well designed, with every unit submetered so residents pay all utilities including water. First floor units enjoy polished concrete floors for low cost upkeep. Second and third floor apartments have VCT commercial quality flooring and laminate floors, for savings on maintenance. Upper units enjoy balconies with terrific river views. Some units feature washer/dryer connections. Loads of parking, convenient to both the Parkway and Hwy 66 and onsite coin laundry helps these modern units attract & keep qualified local occupants. Square footage is from appraisal, is not guaranteed & should be verified by Buyer.

Income/Expenses

Gross Annual Income
224748
Annual Oper Expenses
58671

Property Sub-Type

Apartment
Yes

Construction

Frame – Brick
Yes

Type of Units

1 Bedroom Unit
Yes
2 Bedroom Unit
Yes
3 or more Bdrm Units
Yes
Garden
Yes
Unfurnished
Yes

Siding

Brick
Yes

Sale Includes

Building and Land
Yes

Miscellaneous

Balcony
Yes
Coin Laundry
Yes
Washer/Dryer Cnctns
Yes

Cooling

Central Cooling
Yes

Floors

Laminate
Yes
Vinyl
Yes
Other
Yes

Garage/Parking

On Premise Parking
Yes

Tenant Expenses

Tenant Pays All Util
Yes

Owner Expenses

Common Area Maintenance
Yes
Insurance
Yes
Lawn Maintenance
Yes
Supplies
Yes
Taxes
Yes
Trash Collection
Yes

Fuel

Electric
Yes

Heat

Central
Yes

Appliances

Dishwasher
Yes
Range
Yes
Refrigerator
Yes

Other Rooms

Other
Yes

Exterior Features

Balcony
Yes

Misc Features

Washer/Dryer Connect
Yes

New Financing

Cash
Yes
Conventional
Yes

Showing

See Agent Instructns
Yes

Property Features

Property Sub-Type: Apartment Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; 3 or more Bdrm Units; Garden; Unfurnished Sale Includes: Building and Land Floors: Laminate; Vinyl; Other Tenant Expenses: Tenant Pays All Util Owner Expenses: Common Area Maintenance; Insurance; Lawn Maintenance; Supplies; Taxes; Trash Collection Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Dishwasher; Range; Refrigerator Construction: Frame – Brick Siding: Brick Exterior Features: Balcony Misc Features: Washer/Dryer Connect Other Rooms: Other Miscellaneous: Balcony; Coin Laundry; Washer/Dryer Cnctns New Financing: Cash; Conventional Showing: See Agent Instructns
Listing Office: Goldman Partners Realty, LLC
IDX
Office Phone: 865-444-3240
Last Updated: November – 16 – 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.