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120 County Garage Rd
Sevierville, TN 37876

$999,000 USD

Multifamily For Sale • 3,000 SF

Property Details

Property Type Multifamily
Total Building Size 3,000 SF
Lot Size 1.43 AC
Year Built 2026
Cap Rate 11.04 %
Zoning commercial

10 Walk Score

                
                    Highlights
                
                                New Construction 5-Unit Multifamily | Five 2BR/1BA Residences
                            
                                $999,000 Asking Price | $199,800 Per Unit
                            
                                STR Permits in Place | ~11.0% Projected STR Return
                            
                                ~7.0% Projected Stabilized Cap | Long-Term Rental Strategy
                            
                                Condo | Potential $1.175M–$1.245M Gross Sellout

Property Flyers

Mae_Meadows_LoopNet_Brochure

Mae_Meadows_Returns_Summary

Financial Summary (Proforma)

Net Operating Income: $110,244 USD (2026)

Cap Rate:	11.04 %
Total Expenses:	$74,811 USD

Amenities

Air Conditioning
Cable Ready
Dishwasher
Disposal
Washer/Dryer Hookup
Ceiling Fans
Eat-in Kitchen
Kitchen
Granite Countertops
Ice Maker
Refrigerator
Stainless Steel Appliances
Yard
Attic
Double Pane Windows
Island Kitchen
Patio
Smoke Free
Vinyl Flooring
Individual Locking Bedrooms
Private Bathroom
Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
McGhee Tyson	57 min	-	38.7 mi

Eric Kelch 865-368-7768 Outdoor Ambition

120 County Garage Rd Sevierville, TN 37876