$2,550,000
Seymour, TN 37865
MLS# 1187612
Status: Closed
21600 sqft
1 / 6
Property 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
Details
Documents
Location, Tax & Legal Info
Area: Sevier County - 27
City/County Code: County
Total Tax: 11176.37
Contract Info
Auction Y/N: No
Listing Price: 2700000
Current Price: $2,550,000
Status: Closed
Listing Date: 2022-04-14
General Property Description
Lot Dimensions: 205x154xIRREG
Lot Size SqFt: 53579
# Units Leased: 22
Utilities/Mo Avg: 1890
Property Status: N/A
Driveway: Paved
Lease Information: 24-1+1.5 Townhome Style Units
SqFt - Total (Aprox): 21600
Number of Units: 24
Year Built: 2008
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: 1
Construction
Frame - Brick: 1
Type of Units
1 Bedroom Unit: 1
Townhouse: 1
Siding
Brick: 1
Vinyl: 1
Sale Includes
Building and Land: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Laminate: 1
Vinyl: 1
Garage/Parking
On Premise Parking: 1
Tenant Expenses
Cooling: 1
Electricity: 1
Heating: 1
Owner Expenses
HVAC Maintenance: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Fuel
Electric: 1
Heat
Central: 1
Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Other Rooms
Other: 1
Roof
Asphalt: 1
Misc Features
Washer/Dryer Connect: 1
New Financing
Cash: 1
New Loan: 1
Location Tax Legal Info
House #: 124
Street Name: Marine
St Suffix: Way
State/Province: TN
Zip Code: 37865
PIN #: 045 103.03
Geo Lat: 35.872967
Geo Lon: -83.762763
Status Change Info
Status Change Date: 2022-06-28
Under Contract Date: 2022-04-18
Sold Date: 2022-06-09
Sold Price: $2,550,000
IncomeExpenses
Net Operating Income: 143823
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
Financials & Property Info 
IDX
Listing Office: Goldman Partners Realty, LLC
Office Phone: 865-444-3240
Last Updated: June - 28 - 2022
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.