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1540 E Old Topside Rd, Louisville, TN 37777

Commercial property for sale

  • Description
  • Contact Listing Agents for complete marketing package, financial analysis and drawings. Avalon Apartment Homes is a partially-completed, bank-owned apartment complex formerly permitted for 104 units on 10.32 acres. The project stalled upon virtual completion of 32 units in four buildings when the developer lost his funding and the lender subsequently took back the property in a foreclosure sale. Of the 32 units, 24 units are completed and in service and the remaining eight are under roof but need interior finish to complete. For the remaining 72 units, major site work is completed including two retention basins, sanitary sewer pump station and the sidewalk along Old Topside Road. Water loop for entire development is reportedly in place. Electrical utilities to existing units are all underground. The buildings were built in 2009-2010. Each building has 8 units: six 2-BR/1BA units and two 3-BR/1BA units which are on the upper level. Buildings are fully sprinklered and are frame construction with brick fronts and vinyl siding on the sides and rear. Garden-syle units have breezeway-style entrances from a common hallway. The ground floor of each 2-story building has a laundry room configured for 2 pairs of machines and is an additional revenue source. Units do not have laundry connections. Avalon Apartment Homes is in the city of Alcoa (but has a Louisville, TN mailing address) and therefore families get the benefits of the well-regarded Alcoa schools, police and fire departments. The property is ideally located for residents employed in the Louisville community itself, Alcoa, Maryville and Knoxville via easy access from either Pellissippi Parkway or Alcoa Highway. We are pleased to offer this significant opportunity to own a new, work-force complex in an area of high demand for an investor with construction and development capability. Full set of drawings are available. Property will be conveyed As-Is by lender with Special Warranty Deed. Interested parties are encouraged to drive the property, but please do not talk to or otherwise disturb the residents. Call listing agents to arrange a tour. Building price details: $2,150,000.
  • Property Details
  • Building Name: Avalon Apartment Homes
    Property Type: Multifamily
    Use Types: Low-Rise/Garden
    Status: Available
    Price: $ 67,188 +/Unit
    Number of Stories: 2
    Year Built: 2009
    MSA: Knoxville
    Zoning: Residence B
    Buildings: 4
    Broadband Internet: Cable, DSL, Satellite
    Construction: Brick/Vinyl Siding
    Terms: Cash to Seller
    Added: 12/19/2012
    Last Update: 12/29/2012
  • Exterior Features
  • Parking Type: Surface
  • Contact info
  • 865-247-7809 [Office]
  • Note

  • Details Info about this row that located on 1540 E Old Topside Rd, Louisville, TN 37777 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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