107 Garrett Lane, Maryville, TN 37804
$1,850,000
Property Type:
Multi-Family
Square Footage:
16,953
Lot Size (sq. ft.):
3
Status:
Pending - Continue to Show - Financing
Current Price:
$1,850,000
List Date:
5/05/2024
Last Modified:
5/07/2024
Description
Great Opportunity in Maryville just outside the city limits, high traffic area. Parkway Vista Apartments include two apartment buildings ( 21 units total) and a house located on the premises currently used by the property manager. There are four parcels being sold together approx. 3.24 acres. Several units have been remodeled but there is opportunity for value add. All units are garden apartments. There are 16 two bedroom apartments, 4 one bedroom apartments, and a unit that has been used as an office that can be converted back to an efficiency unit. Most units are in good condition, heat and air is provided with thru wall units. Shown by appointment only. Property Manager on site at times.
More Information MLS# 1261828
Location, Tax & Legal Info
House #: 107
Street Name: Garrett
St Suffix: Lane
State/Province: TN
Zip Code: 37804
Area: Blount County - 28
City/County Code: County
PIN #: 059 005.00
Elementary School: Walland
Middle School: Heritage
High School: Heritage
Total Tax: 9320.9
Geo Lat: 35.756396
Geo Lon: -83.923345
Contract Info
Auction Y/N: No
Listing Price: 1850000
Current Price: $1,850,000
Status: Pending - Continue to Show - Financing
Listing Date: 2024-05-04
Cooperation Comp: 2
Compensation Type: %
General Property Description
SqFt - Total (Aprox): 16953
Lot Dimensions: 111 x 448 x 155 x 136 x 126 x 269 x 539 irreg
Lot Size SqFt: 3.243
Number of Units: 21
# Units Leased: 18
Utilities/Mo Avg: 1272
Year Built: 1968
Property Status: N/A
Restrictions: No
Driveway: Private
Remarks & Misc
Directions: From Maryville, east on Lamar Alexander Parkway, left on Garrett Lane to apartments on left and at the end of the road. The house is on the left side .
Public Remarks: Great Opportunity in Maryville just outside the city limits, high traffic area. Parkway Vista Apartments include two apartment buildings ( 21 units total) and a house located on the premises currently used by the property manager. There are four parcels being sold together approx. 3.24 acres. Several units have been remodeled but there is opportunity for value add. All units are garden apartments. There are 16 two bedroom apartments, 4 one bedroom apartments, and a unit that has been used as an office that can be converted back to an efficiency unit. Most units are in good condition, heat and air is provided with thru wall units. Shown by appointment only. Property Manager on site at times.
Status Change Info
Status Change Date: 2024-05-07
Under Contract Date: 2024-05-06
Income/Expenses
Gross Annual Income: 124578
Property Features
Property Sub-Type: Apartment; Other
Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; Garden; Unfurnished
Sale Includes: Building and Land
Floors: Carpet; Hardwood; Laminate; Vinyl
Tenant Expenses: Cooling; Electricity; Telephone
Owner Expenses: Common Area Maintenance; Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Leasing Fees; Roof Maintenance; Sewer; Supplies; Taxes; Trash Collection; Water
Fuel: Electric
Heat: Other
Cooling: Other
Appliances: Dishwasher; Range; Refrigerator; Smoke Detector
Construction: Frame - Brick
Roof: Metal; Shingle
Siding: Brick; Stone; Vinyl
Garage/Parking: Carport
Exterior Features: Porch - Covered; Shed; Windows - Insulated; Windows - Vinyl
Misc Features: Internet Available
Other Rooms: Bedroom Main Level
Miscellaneous: Utility Room
New Financing: Cash; Conventional; New Loan
Showing: See Agent Instructns
Listing Office: Realty Executives Associates
Office Phone: 865-983-0011
Last Updated: May - 07 - 2024
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