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Public Remarks: 1811 Parkway is an ideally located Class A six tenancy retail condo with five existing long term tenants enabling a current GOI of over $406,000 per annum. Allowing at least another $40,000 per year with the vacant tenancy being occupied, the simplest option for an investor upon procuring this property is to maintain the current tenants and take over the property management of the building. With only about $55,000 in expenses (inclusive of city/county taxes) per year this guarantees a very healthy income stream with little or nothing needing to be done to the building in the manner of maintenance for several years to come. The property also offers opportunity for future development with the growth of Sevierville, Pigeon Forge and the whole of Sevier County far outstripping growth
Just south of Tanger Mall on the East Side of the Parkway in Sevierville before entering Pigeon Forge
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. We can provide you names of Mortgage Loan Officers that will provide you more details on your payment and total down payment.
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