301 S Magnolia St - Apartments FOR SALE


Maryville, TN 37803- Maryville/Alcoa
$990,000 USD
865-210-0228
301 S Magnolia St, Maryville, TN for Sale
$990,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

301 S Magnolia St
Maryville, TN 37803
Maryville/Alcoa


HIGHLIGHTS

  • 8 Units - All 2 Bed / 1 Bath
  • 7/8 Units Leased
  • $100,000+ of Recent Capital Improvements
  • Located in Maryville - a growing and highly desirable market in East Tennessee

OVERVIEW

PWA Properties is pleased to present Magnolia Court Apartments, an 8-unit multifamily property located at 301 S Magnolia Street in Maryville, Tennessee. The property is comprised 2-bedroom, 1-bathroom units, with 7 of the 8 units currently occupied, providing immediate in-place cash flow and upside through lease-up potential. $100,000+ of capital improvements have recently been completed including full unit renovations of select units, new electrical, water heaters, laundry facility, and more. Situated in one of East Tennessee’s most desirable and steadily growing markets, Magnolia Court benefits from Maryville’s strong local economy, proximity to major employers, and convenient access to shopping, dining, and outdoor amenities near the Great Smoky Mountains. For more info, please visit the documents tab at https://www.pwa-properties.com/properties/?propertyId=1608517-sale

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

8

PRICE/UNIT

$123,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Magnolia Court Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

R

APN/PARCEL ID

057L-G-018.00

ASK ABOUT THIS PROPERTY

Kevin TiptonPWA PropertiesMore Info
865-210-0228

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Kevin TiptonPWA PropertiesMore Info
865-210-0228

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.