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$1,845,000
EXTREMELY RARE 4 PLEX with a classic LONG RANGE SMOKY MOUNTAIN VIEW with each units used as a SHORT TERM RENTAL ! ! !
Potential to add a 5TH RENTAL UNIT!!!
2025 GROSS RENTAL INCOME @ $187,930!!!
Units A, B & C are 3BR / 2.5BA townhome floor plans. Unit D… Read More is a 2BR / 2BA unit.
For the VALUE ADD or FORCED EQUITY investors, there is potential to add a 5TH RENTAL UNIT!!! Unit C has an unfinished area directly above it that that could be converted into a 5TH UNIT, similar to Unit D, if the new buyer chooses. The size of the potential 5TH UNIT would be the same as Unit D at approximately 1400sqft.
Each unit has a great LONG RANGE VIEW from the rear of the property. Units A & C have 2 decks and Unit B has 4 (3 decks out back with the view and one covered deck in front of the property overlooking the parking area). Please note in some listing photos show trees were not cleared, but have been recently removed.
TOO MANY UPGRADES to list them all: new metal roof, new HVACs for every unit, new hot water heaters for every unit, new kitchen cabinets & granite in Units A & C, new electric fireplaces, new furniture, a new $15,000 water treatment and storage system with UV light so each unit gets purified water when they need it, new smart locks, new plumbing system where water can be shut off to one unit but the other three do not have to do without water, etc., etc. The seller has a background in construction and they have spared no expense in time and/or budget bringing this property back to life with minimal worries about critical system failures.
TWO LOTS will also convey with the property: the one in which is it built and the lot to the right of the property (as you're facing the fourplex).
HIGH SPEED BROADBAND INTERNET via Comcast/Xfinity available for each unit! Seller is open to transferring equipment leases to new owner to ensure no lack of service for tenants but Buyer will have to work with Comcast/Xfinity to get it setup prior to closing. Read Less
Courtesy of eXp Realty.
Listing Snapshot
Days Online
7
Last Updated
Beds
11
Full Baths
8
Partial Baths
3
Square Ft.
6,360
Lot Size
1.41 Acres
Year Built
1990
MLS Number
3520694
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Basement
Finished
Building
Built in 1990, Living area: 6360, Living area units: Square Feet, Levels: Three Or More
Listings courtesy of Realtracs as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. Use of the MLS GRID data may be subject to an end user license agreement (EULA) prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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