RV Park/Self Storage/Multi-Family Rentals - Norris Lake, TN

Multi-Family for Sale
Catylist Listing ID: 30872429
Property Subtypes: Low-Rise/Garden, Other
Number of Units: See Agent
Building Size (RSF): 3,756 SF
Gross Building Area: See Agent
Gross Land Area: 38 SF
Sale Price: $4,000,000
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/20/2024

Overview / Comments

RV Park & Self Storage: 36+/-acres with 34 campsites, all with annual leases and mostly occupied by full-time residents, plus 52 rental storage units and coin operated laundry facilities. Permitted and will be delivered at time of sale an additional 9 sites. With 25+/- acres of undeveloped land included, there is significant potential for further development or expansion. Located ½ mile from Norris Lake, 15 mins to Maynardville & Tazewell, and approx 1 hour to Sevierville, Pigeon Forge & Gatlinburg. $261K NOI.

Multi-family Rentals & Storage: 4 lots for a total 2.07+/- acres with a 5 unit apartment complex, 2 houses and 3 trailer rental properties. A coin operated laundry facility and 5 self-storage units enhancing convenience for tenants and providing additional income. This investment promises stable rental returns. $100K+ potential NOI.

Additional Details

Nearest MSA: Knoxville
County: Union
Tax ID/APN: 027 03000
Zoning: NONE

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,016 4,649
Median Age: 46.16 44.03
Households: 431 1,920


Photograph of Listing Agent

Stephanie L Gilezan

EXP Realty LLC KCREA Member
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