2324 Big River Overlook Dr 10 Unit Apartment Building $1,350,000 ($135,000/Unit) 5.72% Cap Rate Sevierville, TN 37876

This is a fantastic investment opportunity! Ten 2-bedroom 1-bath units with laundry room, refrigerator, and electric stove. Low maintenance and well maintained. About half the units have vinyl plank flooring, and the other half have carpeting. Current rents are $800.00 per month. Each unit pays for all utilities. The owner provides dumpsters for trash, pest control service, and lawn care. Most of the property is in a 500-year flood zone; to this date, the property has never flooded. The owner is willing to finance. Current rents are $800.00 per month. Each unit pays for all utilities. Owner provides for dumpster for trash, pest control service and lawn care. Property is in a 500 year flood zone, to this date, property has not flooded. Gross income: $96,000.00 a year. Yearly expenses: Management Fee: .09% = $8,640.00 yearly. Trash pickup: $2,400.00 per year. Lawn maintenance: $1,400.00 a year. Pest Control: $2,040.00 a year. Total Expenses: $14,480.00 yearly Net to Seller yearly: $81,520.00.