1373 Avenue

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1373 Avenue

Sevierville, TN 37876
Asking Price
$160K
Asset Type
Multifamily
Class
Class B

What's Special

1373 Avenue is situated in Sevierville, Tennessee, a regional hub defined by its proximity to the Great Smoky Mountains. The property is located near the main commercial corridors, providing residents with immediate access to local retail centers, grocery stores, and diverse dining options. The neighborhood features a mix of residential zones and professional services, maintaining a suburban character with developed infrastructure. Access to the broader region is facilitated by the nearby Parkway, which connects the area to Pigeon Forge and Gatlinburg to the south, as well as Interstate 40 to the north. This multifamily asset is positioned for long-term residential use, catering to the growing workforce supporting the local hospitality and service industries. The configuration is well-suited for a mix of professional couples, seasonal tourism staff, and small families seeking proximity to employment centers. Given the steady demand for rental housing in Sevier County, the property serves as a functional housing solution within a primary tourism and logistics gateway. The location attracts tenants who prioritize a central commute and proximity to essential community services.

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NOI
$80,000
Cap Rate
50.03%
DSCR
8.43
Strong
Cash-on-Cash
146.98%
Monthly Payment
$791.098
Annual Cash Flow
$70,506.825

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