202 Spring Valley Rd Sevierville, TN 37863
11,036 Sq. Ft. / 21,780 Sq. Ft., 0.5 acres lot size / Multi-Family
Status: Sold
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Worried about your financial future? Don't trust ss, economy? What about buying a 16 unit complex in 3 buildings that have been there for awhile and live in one unit and manage the rest. There are 3 bldgs, & one resident has been there 20 years. First bldg (#221) has 6 one bdr apts Each unit has it's own Central h/a, utility rooms, kitchen appliances,this is only bldg where city water/sewer paid by selller. Built in 1983 by Mr. Whaley who was a builder. 2nd bldg ( 231) was built in 1990 has 6 one bdr apts. These units do not have utility rooms. Tenant pays for wat/sewer, electricity. Last Bldg (#235) has 4 two bdr units. First two bldgs just got the railings stained, first building just got new roof. 4 units have been remodeled with lpv & new paint. One unit was not painted but had lpv put down. Rest are in carpet. They get upgraded when someone moves out, but most never leave. Rent has been very cheap for long time. The trust was then distributed & seller has owned it since 12-29-22 & is trying to get rents up to where they should be & increases them when leases are up by at least $100.Goal is to get all 1 bdr to $900 & $1200 for 2 bdr. The rooms are good size and all 3 bldgs are two levels. The location is wonderful for people that like to walk to work, or don't have care. Would be great for one of the big amusement owners to buy this for their employees! Owner supply mini blinds for the units. 16 units in all. First Two Buildings the upstairs railings just got stained. bldg 235 just got new roof.
property details
Type
Multi-Family
Status
Closed
County
Sevier County - 27
Year Built
1983
Sq. Ft.
11,036
Lot Size
21,780 Sq. Ft., 0.5 acres
Listing Id
1277412
Courtesy Of
Karen Whitlock Realty kowhitlock@aol.com
List Office Phone
+1 865 774 4848
Subdivision
other
Interior Features
Appliances
Dishwasher
Range
Refrigerator
Range
Refrigerator
Flooring
Laminate
Carpet
Carpet
Living Area Units
Sq. Ft.
Utility & Building Info
Parcel Number
095 048.01
Cooling
Central Air
Heating
Electric Heating
Central
Central
Tax Amount
396
Building Area Total
11,036 Sq. Ft.
Price Per Sq Ft
$145
Architectural Style
Other
 |
| Real Estate listings held by other brokerage firms are marked with the name of the listing broker. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 Knoxville Area Association of Realtors. All rights reserved. |
Price History
| date | event | price | source |
|---|---|---|---|
|
11/01/2024
11/01/2024
|
Sold |
$1,600,000
|
East Tennesse Realtors MLS |
|
09/27/2024
09/27/2024
|
Pending |
$1,600,000
|
East Tennesse Realtors MLS |
|
09/23/2024
09/23/2024
|
Active |
$1,600,000
|
East Tennesse Realtors MLS |
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