Dave Corum
REALTOR®, AHWD #342351
BEDS3
BATHS2 full
SQUARE FEET1,320
MLS#1356814
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONSkinner
Property Description
A UNIQUE EAST TENNESSEE OPPORTUNITY WITH INCOME, SPACE & ROOM TO GROW!Come discover the possibilities at this 5.39-acre income-producing property in beautiful Walland, TN, ideally situated near Maryville, Townsend, Little River, and the Great Smoky Mountains.Offering a unique residential communal living setup, the property features a 3BR/2BA home with basement and 7 existing rental units, currently generating approximately $6,400/month, with potential revenue of approximately $8,300/month. Current Cap Rate: 9.45% | Pro Forma Cap Rate: 12.7%The property also includes the current RV, covered carports, sheds, established garden areas, and plenty of open space to enjoy. Whether you're looking to continue the existing income stream, create a homesteading lifestyle, expand the current setup, or explore additional income opportunities, there's plenty of room to make this property your own.Convenient US-321 access puts you close to the area's natural beauty while still offering easy access to nearby communities.Buyer to verify all information.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Cooling: Central Cooling, Ceiling Fan(s)
Fireplaces: 1
Fuel Type: Electric, Propane
Heating: Central, Forced Air, Propane, Electric
Home Style: Traditional
Lot Size: 5.39 Acres
Year Built: 1957
Amenities
Windows - Vinyl
Feature Descriptions
Appliances: Gas Range, Dishwasher, Microwave, Refrigerator, Self Cleaning Oven
Association Amenities: Recreation Facilities
Days on Site: 9
Exterior: Vinyl Siding, Brick, Frame
Fireplace: Stone, Gas Log
Flooring: Laminate, Hardwood, Vinyl, Tile
HOA Y/N: Yes
Lot: Private, Wooded, Irregular Lot, Rolling Slope
Parcel #: 060 086.00
Parking: Off-Street Parking, Attached, Detached, RV Parking, Main Level
Sewer: Septic Tank
Special View Info: Mountain View
SQFT Total: 1320
View: Mountain View
Water: Public, Well
Wooded: Yes
Listed By / Shown By
Listed By
Agency Name: Greater Impact Realty
Shown By
Agent Name: Dave Corum
Agent Phone: (865) 250-6063
Agency Title: Ferguson Realtors
Estimate Your Payment
Estimated Payment
$ 2,968.26 per month $2,806.38 Principal & Interest $0.00 Property Tax (data not provided by mls) $161.88 Homeowner's InsuranceChange Payment Information
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4532 E Lamar Alexander Pkwy | MLS# 1356814
This single family home located at 4532 E Lamar Alexander Pkwy, Walland, TN 37886 is currently listed for sale with an asking price of $555,000. This property was built in 1957 and has 3 bedrooms and 2 full baths with 1320 sq. ft. E Lamar Alexander Pkwy is located in the Skinner subdivision. Search Skinner real estate on davecorum.fergusonrealtors.com today.