4532 E Lamar Alexander Pkwy
Walland, TN 37886 · Skinner · Blount County
About
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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Details
Key facts
Restrictions, taxes, HOA and utilities — straight from the MLS.
- Deed restricted Restrictions apply
- No city taxes Unincorporated county
- No HOA No association dues
- Public water Public & well
- Septic Sewer
- Permanent residence Permitted occupancy
Overview
- Type
- Residential · Single Family Residence
- Style
- Basement Ranch
- Year built
- 1957
- Price / sq ft
- $420
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Interior
- Bath detail
- 2 full
- Building area
- 1,320 sq ft
- Basement / foundation
- Partially Finished, Walk-Out Access
Lot & exterior
- Lot size
- 5.39 acres
Parking
Views
Listing details
- MLS #
- 1356814
- Status
- Active
- Days on market
- Listed today
Location
Financing
Instant pre-approval
Call (865) 535-7119 and answer a few quick questions about your income and expenses to get pre-approved on the spot.
- Takes 3 minutes
- No credit pull
- Fully automated
- Available 24/7
Trending searches
3000+ SqFt, 4+ Bed, .75+ Acres, No City Taxes, Blount County, Under $875k See all →
Listing courtesy of Greater Impact Realty. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011.
