RV Park/Self Storage/Multi-Family Rentals - Norris Lake, TN
$3,550,000
107 Lay Hollow Road, Sharps Chapel, TN 37866
1 sqft
Building Size
14 acres
Lot Area
Details:
Description:
RV Park & Self Storage: $185K NOI | 7.14% CAP. 14+/- acres with 43 RV pads, all with annual leases and fully occupied by full-time residents, plus 52 self-storage rental units also fully occupied and private coin operated laundry facilities. Existing acreage can support an additional ~30 RV pads. Adjacent acreage also available for significant potential for further development or expansion. Located ½ mile from Norris Lake, 15 mins to Maynardville & Tazewell, and approx. 1 hour to Sevierville, Pigeon Forge & Gatlinburg.
Multi-family Rentals & Storage: NOI $78,095 | 8.22% CAP. 4 lots for a total 2.07+/- acres with a 5 unit apartment complex, 2 houses and 3 trailer rental properties. A coin operated laundry facility and 5 self-storage units enhancing convenience for tenants and providing additional income. This investment promises stable rental returns.
Norris Lake, TN
Location
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