Pigeon Forge, TN 37863,202 Spring Valley RD -
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Pigeon Forge, TN 37863,202 Spring Valley RD -
Pigeon Forge, TN 37863,202 Spring Valley RD -
Pigeon Forge, TN 37863,202 Spring Valley RD -
Pigeon Forge, TN 37863,202 Spring Valley RD -
Listed by Karen Whitlock • Karen Whitlock Realty

$1,600,000

Est. payment /mo

$1,600,000

Est.Price: ?

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202 Spring Valley RD - Pigeon Forge, TN 37863

20 Beds

16 Baths

840 SqFt

SOLD DATE : 10/31/2024

Key Details

Sold Price $1,600,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 840 sqft

Price per Sqft $1,904

MLS Listing ID 303120

Sold Date 10/31/24

Style Other

Bedrooms 20

Full Baths 16

HOA Y/N No

Abv Grd Liv Area 840

Originating Board Great Smoky Mountains Association of REALTORS®

Annual Tax Amount $3,946

Tax Year 2023

Lot Size 0.500 Acres

Acres 0.5

Property Description

Looking for rental property..don't trust the stock market or the ss fund?? Well Spring Valley apts are at the end of Pigeon Forge, well known to the local residents, one has lived there over 20 years.! Workers could walk to work, would be good investment for a company for their workers to live in. There are 3 bldgs on half acre lot. All units have two levels. !st Bldg is (221) has 6 one bdr apts. Upstairs railing just stained. Each unit has central h/a this is the only bldg that owners furnish the water to them. These units have a utility room, no washer or dryers are provided. This building has a office & a storage room. These apts have good size rooms & 1 bathroom. This bldg. was built in 1983 by The Whaley's who were builders. total sq footage 3782 (by tax card) 2nd bldg (231) was built in 1990 has total of 3894 sq. ft. Has 6 one bdr units, these units do not have utility rooms. Upstairs railings just got stained. 3rd building (235) has 4-two bdr units. This is all concrete building and railing on top level was replaced last year...had a brand new roof put on about two months ago. This building was built in 1979, has 3360 sq. ft . There has been 4 units remodeled with lvp and new paint jobs. One unit had lvp installed but no paint. The seller has owned this since 12-29-22 the rents had been kept low & seller is trying to up them. She does that with all new leases. They will update them with paint & lpv when someone moves out...hardly ever does anyone move though. Building has gravel parking area. Seller has monthly expense of water for one bldg, sewer, trash, electric. This would be a great place to buy live there and run it yourself. The units that haven't been updated do have carpet, but as said earlier when someone moves out they update it.

Location

State TN

County Sevier

Zoning c2

Direction Coming from Gatlinburg right before you enter Pigeon Forge look for Spring Valley Rd sign on right..turn and buildings are on left. If your coming from Pigeon Forge go into spur take 1st bridge over to other side and again look for Spring Valley sign.

Interior

Cooling Central Air

Fireplace No

Appliance Dishwasher, Electric Range, Electric Water Heater, Refrigerator

Exterior

View Y/N No

Garage No

Building

Story 2

Architectural Style Other

Structure Type Block,Frame

New Construction No

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Lara Conrad

Broker | License ID: 366348

+1(865) 635-6544

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