Sold
Closed
1549 Wales Ave
Maryville TN, 37804
$4,250,000
Sold
Closed
Multi-family
Built in 1963
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.
1233376
MLSⓇ ID
July 15, 2023
Listed
November 22, 2024
Updated
Map
1549 Wales Ave
Maryville TN, 37804
Interior Features
Floor Description
Laminate, Other
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Other
Exterior/Building Features
Other Property Details
Area Name
Blount County - 28
Garage
No
Parking
On Premise Parking, Off-Street Parking
View
No
County
Blount County - 28
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/17/2023 | Sold | $4,250,000 |
Courtesy of SVN I Wood Properties, Kevin G. Tipton
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Jen & Kelly shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 1:18 PM UTC, 11/22/2024