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

 

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