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(21) Unit Gatlinburg, TN Multi-Family 1629 E Parkway 21 Unit Apartment Building $1,725,000 ($82,143/Unit) Gatlinburg, TN 37738
INVESTMENT HIGHLIGHTS
- 100% Occupied
- 3.5 Miles to Downtown Gatlinburg
- Limited Area Multifamily Availability
- Waiting List for Tenants
- Located on City Trolley Line
EXECUTIVE SUMMARY
100% Occupied Multifamily property located on East Parkway 3.5 miles from Downtown Gatlinburg.(21) total units (8) separate buildings. Most units are (1) Bedroom/ (1) Bath with long term tenants that pay rent weekly. Currently there is a waiting list for tenants. Excellent management "in place" managing two properties.
Do not approach tenants or disturb business.
Do not approach tenants or disturb business.
PROPERTY FACTS
| Price | $1,725,000 | Building Class | C |
| Price Per Unit | $82,143 | Lot Size | 3.40 AC |
| Sale Type | Investment | Building Size | 7,695 SF |
| No. Units | 21 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Zoning | C-2 Commercial | ||
| Price | $1,725,000 |
| Price Per Unit | $82,143 |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 3.40 AC |
| Building Size | 7,695 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | C-2 Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 21 | $950.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 117-237.00 | Improvements Assessment | $44,240 |
| Land Assessment | $83,640 | Total Assessment | $127,880 |
PROPERTY TAXES
Parcel Number
117-237.00
Land Assessment
$83,640
Improvements Assessment
$44,240
Total Assessment
$127,880
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(21) Unit Gatlinburg, TN Multi-Family | 1629 E Parkway
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