4222 Dollys DR Sevierville, TN 37876
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,360 sqft
Price per Sqft $298
Subdivision Chapel Hills
MLS Listing ID 311699
Style Townhouse
Bedrooms 11
Full Baths 8
Half Baths 3
HOA Y/N No
Abv Grd Liv Area 6,360
Year Built 1990
Annual Tax Amount $1,924
Tax Year 2025
Lot Size 1.410 Acres
Acres 1.41
Property Sub-Type Multi Family
Source Great Smoky Mountains Association of REALTORS®
Land Area 6360
Property Description
Potential to add a 5TH RENTAL UNIT!!!
2025 GROSS RENTAL INCOME @ $187,930!!!
Units A, B & C are 3BR / 2.5BA townhome floor plans. Unit D is a 2BR / 2BA unit.
For the VALUE ADD or FORCED EQUITY investors, there is potential to add a 5TH RENTAL UNIT!!! Unit C has an unfinished area directly above it that that could be converted into a 5TH UNIT, similar to Unit D, if the new buyer chooses. The size of the potential 5TH UNIT would be the same as Unit D at approximately 1400sqft.
Each unit has a great LONG RANGE VIEW from the rear of the property. Units A & C have 2 decks and Unit B has 4 (3 decks out back with the view and one covered deck in front of the property overlooking the parking area). Please note in some listing photos show trees were not cleared, but have been recently removed.
TOO MANY UPGRADES to list them all: new metal roof, new HVACs for every unit, new hot water heaters for every unit, new kitchen cabinets & granite in Units A & C, new electric fireplaces, new furniture, a new $15,000 water treatment and storage system with UV light so each unit gets purified water when they need it, new smart locks, new plumbing system where water can be shut off to one unit but the other three do not have to do without water, etc., etc. The seller has a background in construction and they have spared no expense in time and/or budget bringing this property back to life with minimal worries about critical system failures.
TWO LOTS will also convey with the property: the one in which is it built and the lot to the right of the property (as you're facing the fourplex).
HIGH SPEED BROADBAND INTERNET via Comcast/Xfinity available for each unit! Seller is open to transferring equipment leases to new owner to ensure no lack of service for tenants but Buyer will have to work with Comcast/Xfinity to get it setup prior to closing.
With many multifamily properties, parking is often a problem. Not here! TONS OF PARKING for each unit without crowding everyone together. There are also 3 park-style grills for the mandatory outdoor BBQs guests demand.
This cabin is SELF-MANAGED, so the owner has the option to ''transfer'' future rental reservations with an acceptable offer and agreed upon in writing by both Buyer and Seller.
Seller can ensure as close to a TURNKEY change of ownership as possible by giving the new buyer their CLEANING COMPANY, any HANDYMEN/CONTRACTORS and/or any other vendors they use to self-manage from afar.
This property has a VERY HIGH OCCUPANCY RATE, so if you're in town but can't schedule a walkthrough yourself, please ask the listing agent for the WALKTHROUGH VIDEOS and they will be sent to you.
Location
State TN
County Sevier
Zoning A1 per TR
Direction GPS friendly -- BUT -- Take Rogers Way through ''For By Grace''. Do not through Dollys Drive b/c of construction traffic on Dollys Drive. From Sevierville, take 441 East towards Newport. Right on Pittman Center Rd. Left on Catons Chapel Rd.Right on Rogers Way. Follow to the end and it merges into Dollys Drive. 4plex on your right.
Rooms
Basement Finished
Interior
Heating Electric
Cooling Electric
Fireplaces Number 4
Fireplaces Type Electric
Furnishings Furnished
Fireplace Yes
Appliance Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Exterior
Parking Features Driveway, Off Street
Utilities Available Electricity Connected, High Speed Internet Connected, Sewer Connected, Water Connected
View Y/N Yes
View Mountain(s), Seasonal
Roof Type Metal
Garage No
Building
Story 3
Sewer Septic Tank
Water Well
Architectural Style Townhouse
New Construction No
NEARBY SCHOOL & BUSINESS
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