About This Home
This 3-bedroom, 2-bathroom single family at 4532 E Lamar Alexander Pkwy in Walland, TN is listed for $555,000 ($420 per sqft). Built in 1957, the home offers 1,320 sqft of living space on a 5.39 acres lot.
Key Features
- Built in 1957
- 5.39 acre lot
- Fireplace
Property Details
Amenities
A UNIQUE EAST TENNESSEE OPPORTUNITY WITH INCOME, SPACE & ROOM TO GROW! Come discover the possibilities at this 5.39-acre income-producing property in beautiful Walland, TN, ideally situated near Maryville, Townsend, Little River, and the Great Smoky Mountains.
Offering a unique residential communal living setup, the property features a 3BR/2BA home with basement and 7 existing rental units, currently generating approximately $6,400/month, with potential revenue of approximately $8,300/month. Current Cap Rate: 9.45% | Pro Forma Cap Rate: 12.7% The property also includes the current RV, covered carports, sheds, established garden areas, and plenty of open space to enjoy.
Whether you're looking to continue the existing income stream, create a homesteading lifestyle, expand the current setup, or explore additional income opportunities, there's plenty of room to make this property your own. Convenient US-321 access puts you close to the area's natural beauty while still offering easy access to nearby communities. Buyer to verify all information.
Monthly Cost Estimate
$2,968/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4532 E Lamar Alexander Pkwy
Walland, TN 37886
Skinner
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Outdoor Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom single family at 4532 E Lamar Alexander Pkwy is listed at $555,000 ($420/sqft). The estimated monthly payment is $2,968 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1957, 5.39 acre lot, Fireplace. Exterior Features: Windows - Vinyl.
This property is listed by Katelyn Bethmann and can be reached at 8655912488.
