4532 Lamar Alexander Pkwy Walland, TN 37886
3 Beds
2 Baths
1,320 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,320 sqft
Price per Sqft $420
Subdivision Skinner
MLS Listing ID 1356814
Style Traditional
Bedrooms 3
Full Baths 2
Year Built 1957
Lot Size 5.390 Acres
Acres 5.39
Property Sub-Type Single Family Residence
Source East Tennessee REALTORS® MLS
Property Description
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.
Location
State TN
County Blount County - 28
Area 5.39
Rooms
Other Rooms LaundryUtility, Bedroom Main Level, Extra Storage, Great Room, Mstr Bedroom Main Level
Basement Walkout, Partially Finished
Dining Room Formal Dining Area
Interior
Heating Central, Forced Air, Propane, Electric
Cooling Central Cooling, Ceiling Fan(s)
Flooring Laminate, Hardwood, Vinyl, Tile
Fireplaces Number 1
Fireplaces Type Stone, Gas Log
Fireplace Yes
Window Features Windows - Wood
Appliance Gas Range, Dishwasher, Microwave, Refrigerator, Self Cleaning Oven
Heat Source Central, Forced Air, Propane, Electric
Laundry true
Exterior
Exterior Feature Windows - Vinyl
Parking Features Off-Street Parking, Attached, Detached, RV Parking, Main Level
Garage Description Attached, Detached, RV Parking, Main Level, Off-Street Parking, Attached
Amenities Available Recreation Facilities
View Mountain View
Garage No
Building
Lot Description Private, Wooded, Irregular Lot, Rolling Slope
Faces From Maryville, travel south on US-321/E Lamar Alexander Parkway toward Townsend. Continue through Walland approximately 10 miles. Property is located at 4532 E Lamar Alexander Parkway on the right.
Sewer Septic Tank
Water Public, Well
Architectural Style Traditional
Additional Building Storage
Structure Type Vinyl Siding,Brick,Frame
Others
Restrictions Yes
Tax ID 060 086.00
Energy Description Electric, Propane
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