202 Spring Valley Road, Pigeon Forge, TN 37863

Property Description

Looking for rental property..don't trust the stock market or the ss fund?? Well Spring Valley apts are at the end of Pigeon Forge, well known to the local residents, one has lived there over 20 years.! Workers could walk to work, would be good investment for a company for their workers to live in. There are 3 bldgs on half acre lot. All units have two levels. !st Bldg is (221) has 6 one bdr apts. Upstairs railing just stained. Each unit has central h/a this is the only bldg that owners furnish the water to them. These units have a utility room, no washer or dryers are provided. This building has a office & a storage room. These apts have good size rooms & 1 bathroom. This bldg. was built in 1983 by The Whaley's who were builders. total sq footage 3782 (by tax card) 2nd bldg (231) was built in 1990 has total of 3894 sq. ft. Has 6 one bdr units, these units do not have utility rooms. Upstairs railings just got stained. 3rd building (235) has 4-two bdr units. This is all concrete building and railing on top level was replaced last year...had a brand new roof put on about two months ago. This building was built in 1979, has 3360 sq. ft . There has been 4 units remodeled with lvp and new paint jobs. One unit had lvp installed but no paint. The seller has owned this since 12-29-22 the rents had been kept low & seller is trying to up them. She does that with all new leases. They will update them with paint & lpv when someone moves out...hardly ever does anyone move though. Building has gravel parking area. Seller has monthly expense of water for one bldg, sewer, trash, electric. This would be a great place to buy live there and run it yourself. The units that haven't been updated do have carpet, but as said earlier when someone moves out they update it.