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$ 1,900,000
Est. payment | /mo
$ 1,900,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1317046
Year Built 1989
Lot Dimensions 120 × 180
Source East Tennessee REALTORS® MLS
Property Description
SVN | Wood Properties is proud to present Villa Court Apartments, an 18-unit apartment community located in Maryville, TN. Situated in a desirable residential area, the property offers well-maintained, comfortable living spaces with convenient access to local amenities, employment centers, and the scenic beauty of the Smoky Mountains.
Sixteen of the eighteen units feature well-maintained but legacy finishes, offering investors stable cash flow today with clear potential for value-add upgrades. Current rents trail market by approximately $200 per unit, providing immediate upside through interior improvements and management efficiencies. This C-class property, located in a B-class area, is primed for continued rent growth and long-term appreciation.
Maryville, Tennessee, offers a stable residential market supported by a strong and diverse employment base. The city benefits from its proximity to Knoxville while maintaining its own economic drivers, including major employers in manufacturing, healthcare, and education. This combination of steady job growth and accessible housing options contributes to consistent demand across the local housing market.
Sixteen of the eighteen units feature well-maintained but legacy finishes, offering investors stable cash flow today with clear potential for value-add upgrades. Current rents trail market by approximately $200 per unit, providing immediate upside through interior improvements and management efficiencies. This C-class property, located in a B-class area, is primed for continued rent growth and long-term appreciation.
Maryville, Tennessee, offers a stable residential market supported by a strong and diverse employment base. The city benefits from its proximity to Knoxville while maintaining its own economic drivers, including major employers in manufacturing, healthcare, and education. This combination of steady job growth and accessible housing options contributes to consistent demand across the local housing market.
Location
State TN
County Blount County - 28
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Other
Flooring Vinyl
Heat Source Other
Exterior
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Metal
Garage No
Building
Faces Follow US-129 S to Alcoa. Take the exit toward Middlesettlements Road/Bessemer St from US-129 S.
Structure Type Other
Others
Tax ID 046J A 016.17
Energy Description Other Fuel
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional
Listed by SVN I Wood Properties
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Nathan Lefebvre
REALTOR® | Lic# 335317