$1,600,000
$1,600,000
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202 Spring Valley RD - Pigeon Forge, TN 37863
20 Beds
16 Baths
840 SqFt
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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