$4,250,000
$4,250,000
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1549 Wales Ave Maryville, TN 37804
Key Details
Sold Price $4,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Scenic Terrace
MLS Listing ID 1233376
Sold Date 10/16/23
Originating Board East Tennessee REALTORS® MLS
Year Built 1963
Lot Dimensions .
Property Description
Wales Apartments includes three buildings that total 40 units. There are 19 2 BD / 1.5 BA units, 20 1 BD / 1 BA units, and 1 studio. Significant capex has been completed including 16 units renovated. A buyer can continue renovations and continue increasing rents. Vacancies are due to recent renovations of units. Landlord pays water/sewer and tenants pay electric. There are laundry facilities on site. Seller is currently fixing decking and wrapping up unit renovations, all work is expected to be completed by closing.
This property is centrally located in booming Maryville, TN just minutes from Maryville College, Maryville High School, Everett Park, and downtown Maryville.
Wales Apartments is part of a 9 property, 116 unit portfolio . All properties can be bought together or separately.
Location
State TN
County Blount County - 28
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Other
Flooring Laminate, Other
Heat Source Other
Exterior
Parking Features On Premise Parking, Off-Street Parking
Garage Description Off-Street Parking, On Premise Parking
Roof Type Shingle
Garage No
Building
Faces SW on 33 to LT onto S 4th to RT onto Wales Ave
Structure Type Brick,Other
Others
Tax ID 047J A 018.00
Energy Description Other Fuel
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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