$1,700,000
Sevierville, TN 37862
MLS# 937409
Status: Closed
22017 sqft
1 / 3
Property 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.
Details
Documents
Location, Tax & Legal Info
Area: Sevier County - 27
City/County Code: City Limits
Total Tax: 11470.83
Contract Info
Auction Y/N: No
Listing Price: 1799000
Current Price: $1,700,000
Status: Closed
Listing Date: 2015-08-19
General Property Description
Lot Dimensions: 1.29 acres
Utilities/Mo Avg: 0
Property Status: N/A
Driveway: Paved
Lease Information: See Provided Property Financial Package Including Rent Roster
SqFt - Total (Aprox): 22017
Number of Units: 30
Year Built: 2009
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: 1
Construction
Frame - Brick: 1
Type of Units
1 Bedroom Unit: 1
2 Bedroom Unit: 1
3 or more Bdrm Units: 1
Garden: 1
Unfurnished: 1
Siding
Brick: 1
Sale Includes
Building and Land: 1
Miscellaneous
Balcony: 1
Coin Laundry: 1
Washer/Dryer Cnctns: 1
Cooling
Central Cooling: 1
Floors
Laminate: 1
Vinyl: 1
Other: 1
Garage/Parking
On Premise Parking: 1
Tenant Expenses
Tenant Pays All Util: 1
Owner Expenses
Common Area Maintenance: 1
Insurance: 1
Lawn Maintenance: 1
Supplies: 1
Taxes: 1
Trash Collection: 1
Fuel
Electric: 1
Heat
Central: 1
Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Other Rooms
Other: 1
Roof
Roof Info: Asphalt Shingle
Exterior Features
Balcony: 1
Misc Features
Washer/Dryer Connect: 1
New Financing
Cash: 1
Conventional: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 230
Street Name: Hardin
St Suffix: Lane
State/Province: TN
Zip Code: 37862
PIN #: 049j A 003.00
Status Change Info
Status Change Date: 2015-12-30
Under Contract Date: 2015-10-02
Sold Date: 2015-12-30
Sold Price: $1,700,000
IncomeExpenses
Net Operating Income: 147800
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
Financials with Rent Roster 
IDX
Listing Office: Goldman Partners Realty, LLC
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.