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: |
7/22/2024 |
Overview / Comments
RV Park & Self Storage: 36+/- acres with 1 home, 43 campsites, all with annual leases and mostly occupied by full-time residents, plus 52 rental storage units and coin operated laundry facilities. 54 additional campsites are planned, built in 9-unit phases. As each phase is completed and filled, List Price will be adjusted. Currently there exist 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 |
Demographic Statistics
Proximity: |
3 miles |
5 miles |
Total Population: |
1,016 |
4,649 |
Median Age: |
46.16 |
44.03 |
Households: |
431 |
1,920 |
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
|