
Courtesy of: Katelyn Bethmann, Greater Impact Realty, hello@katelynbethmann.com
$555,000
|
3 bed
|
|
1,320 square feet
|
|
2.00 Bath (2 Full)
|
|
Lot: 5.39 Acres
|
|
Single Family Residence
|
$555,000
4532 E Lamar Alexander Pkwy A UNIQUE EAST TENNESSEE OPPORTUNITY WITH INCOME, SPACE & ROOM TO GROW! Come discover the possibilities at this 5.39-acre income-producing property in beautiful Walland, TN, ideally situated near Maryville, Townsend, Little River, and the Great Smoky Mountains. Offering a unique residential communal living setup, the property features a 3BR/2BA home with basement and 7 existing rental units, currently generating approximately $6, 400/month, with potential revenue of approximately $8, 300/month. Current Cap Rate: 9.45% | Pro Forma Cap Rate: 12.7% The property also includes the current RV, covered carports, sheds, established garden areas, and plenty of open space to enjoy. Whether you're looking to continue the existing income stream, create a homesteading lifestyle, expand the current setup, or explore additional income opportunities, there's plenty of room to make this property your own. Convenient US-321 access puts you close to the area's natural beauty while still offering easy access to nearby communities. Buyer to verify all information.
Courtesy of: Katelyn Bethmann, Greater Impact Realty, hello@katelynbethmann.com
Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.