2904 Boyds Creek Highway is amulti-family property for lease in Sevierville, TN.
Sperry Van Ness | R. M. Moore, LLC is pleased to exclusively offer for sale this residential condominium development, including the land and Units 2 through 6 of seven total units. Unit 7 is a stand-alone 3-bedroom 2 bathroom unit that the owner will consider selling at an additional price. Finally, Unit 1 is owned by a different owner, and is also actively listed for sale. Bottom line - an investor could easily own the entire development.
There are three 2-bedroom 2-bathroom units and two 4-bedroom 3-bathroom units. A financial upside is that each of the 2-bedroom units has a partially finished 594 SF upper level bonus room that can easily be finished as a large third bedroom to attract higher rents.
Since the five units are part of a condominium regime, an owner/investor would later have the option of selling them individually.
The property is located on Boyds Creek Highway in Sevier County, Tennessee.
• Condominium development includes land and 5 of 7 total residential units
• Priced 4.5% below tax appraised value and even more below a commercial appraised value
• All 5 units are leased
• Utility water and sewer
• Upside - each of the three 2-bedroom units has a partially finished 594 SF bonus room that can easily be completed as a large third bedroom