4532 E Lamar Alexander Pkwy, Walland, TN 37886
- $555,000
- 3
- BD
- 2
- BA
- 1,320
- SqFt
- List Price
- $555,000
- MLS#
- 1356814
- Status
- ACTIVE
- Type
- Single Family Residential
- City
- Walland
- County
- Blount
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 1,320
- Year Built
- 1957
- Subdivision
- Skinner
- Occupancy
- Permanent Residence
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.
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Additional Information
- Acres
- 5.39
- Amenities
- Recreation Facilities
- Appliances
- Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Gas Range
- Basement
- Yes
- Construction
- Frame, Brick, Vinyl Siding
- Cooling
- Ceiling Fan(s), Central Air
- Exterior Features
- Windows - Vinyl
- Fireplace
- Yes
- Floors
- Laminate, Tile, Vinyl, Hardwood
- Garage
- Attached, Detached, Main Level, Off Street, RV Access/Parking
- Living Area
- 1,320
- Lot Description
- Wooded, Rolling Slope, Irregular Lot, Private
- Style
- Traditional
- View
- Mountain View
- Year Built
- 1957
Mortgage Calculator
Agent: Katelyn Bethmann |
Office: Greater Impact Realty |