615-788-1696
4725 Mint Rd, Maryville, TN for Sale
Apartments - FOR SALE
1/16
null | Request Cap Rate

4725 Mint Rd
Maryville, TN 37803
Maryville/Alcoa


HIGHLIGHTS

  • Distinctive Adaptive-Reuse Asset on a 4.27- Acre Parcel with Long-Range Mountain Views
  • Major Mark-to-Market Rental Upside Relative to Submarket Comps
  • Light, Cosmetic-Driven Value-Add – Major Systems Already Addressed
  • Anchored by a Deep, Diverse Blount County Employment Base
  • One of the Highest-Income, Fastest- Growing Counties in the Knoxville MSA
  • Supply-Constrained Maryville/Alcoa Submarket – 95.9% Stabilized Occupancy

OVERVIEW

MMG Real Estate Advisors is pleased to present Mint Road Apartments, a distinctive 9-unit multifamily community set on a 4.27-acre parcel in Maryville, Tennessee, in the heart of Blount County. Originally built in 1925 and thoughtfully converted from a former schoolhouse, the property pairs the character and scale of an adaptive-reuse asset with long-range Great Smoky Mountain views rarely found an income generating property. With major building systems already modernized, a light cosmetic value-add plan remaining, and in-place rents set well below stabilized market levels, the property offers the next owner immediate income, substantial mark-to market upside, and operational upside without the execution risk of a heavy renovation program. Mint Road Apartments is situated at 4725 Mint Road, roughly 15 miles south of downtown Knoxville and within the broader Knoxville MSA (~952,000 residents). Maryville serves as the Blount County seat and, alongside neighboring Alcoa, anchors the south metro’s employment base, home to DENSO Manufacturing Tennessee, the corporate headquarters of Clayton Homes and Smith & Wesson, and a gateway position at the entrance to Great Smoky Mountains National Park. Against a high-income, supply constrained submarket holding 95.9% occupancy, Mint Road is positioned to capture embedded rent upside and durable renter demand for years to come.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

9

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mint Road Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

18

LAND DETAILS

LAND ACRES

4.27 AC

LAND SF

186,001 SF

ZONING

R-1

APN/PARCEL ID

112-021.00

ASK ABOUT THIS PROPERTY

John EndomMMGMore Info
615-788-1696

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

John EndomMMGMore Info
615-788-1696

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