Spacious Maryville Condo with Dual
1432 Broad Run Drive, Maryville, TN 37803
Exceptional 4-bedroom condo with versatile living spaces and rental potential.
Type:Condo/Townhome
Property size:
3,100 SFPrice / SF:
$156/SF- Added:
- Oct 20, 2024
- Days on Market:
- 626
- Last Refresh:
- May 19 at 10:26 pm
Property Features for 1432 Broad Run Drive
General Information
- Standard status
- Active
- Size
- 3,100 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1992
Listing office Realty Executives Associates (865) 250-9472
Listing date Oct 20, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives Associates
HighLights
- Expansive 3,100 sq ft stand‑alone condominium featuring 4 bedrooms and 3.5 bathrooms.
- Dual‑unit setup with separate entrances, kitchens, and laundry facilities ideal for in‑law suite, rental income, or shared living.
- Gourmet kitchen with 2 food prep areas, 2 refrigerators, 2 sinks, induction stove, and ample pantry storage.
- Main level primary suite with 2 walk‑in closets, private sunroom porch with built‑in daybed, and handicap accessible en‑suite bathroom.
- Abundant storage including a large floored attic with walk‑up access and lower level garage/workshop area.
- Professionally landscaped, fenced outdoor space with private deck, patio, dedicated garden area, fire pit, and koi pond.
Overview
This condominium in Maryville, Tennessee, offers 3,100 sq ft of living space, featuring 4 bedrooms and 3.5 bathrooms. The detached, stand-alone unit provides versatile living arrangements suitable for an in-law suite, accommodations for adult children, or shared purchase scenarios. The layout allows for potential rental income, with each floor having its own entry for separate living quarters. The main level features a living room with a gas fireplace and a formal dining area. The gourmet kitchen includes two food preparation areas, catering to dietary restrictions or food intolerances, and is equipped with two refrigerators, two sink areas, an induction stove with a convection oven, and four pantries. Custom features include drawer slides and a pull-out mixer stand. The breakfast area opens onto a deck with access to the private backyard. The main level primary bedroom includes two walk-in closets and a private sunroom porch with a built-in daybed. The en-suite bathroom has a tile shower with a built-in seat, designed to be handicap accessible. An additional bedroom with a private bathroom, currently used as an office, a spacious bonus room, and a half bath are also on the main level. The oversized laundry room includes a sink and extra cabinetry. The lower level contains a complete second living unit with a full kitchen, laundry room, a living and dining area that opens onto a patio, two bedrooms, and a full bathroom. A lower garage is suitable for storage, a workshop, or an exercise area. A large floored attic is accessible via a walk-up stairway in the main level garage. The fenced outdoor space features a deck and patio area, a dedicated garden area, a fire pit, and a koi pond. The corner lot provides level front and side yard space with professional landscaping. Located in Maryville, the property is near downtown attractions and Maryville College woods. Its proximity to the airport and the Great Smoky Mountains makes it suitable for both work and recreation. The location is attractive for renting to Maryville College students or staff, with the dual-unit setup allowing for flexible rental arrangements.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.7k | $17.64 |
| − Vacancy | −$3.7k | −$1.20 |
| EGI | $51.0k | $16.44 |
| − OpEx | −$22.9k | −$7.40 |
| NOI | $28.0k | $9.04 |
3,100 SF · lease $17.64/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$400.4K
$350.4K – $467.2K
NOI $28,031 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,363 @ 7.0% cap · market cap 18.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Medical Massage Therapy ...
Alternative Medicine Practice
Location Insight
- Map
- Local Demand
- City
- Maryville
- County
- Blount
- State
- Tennessee
- Longitude
- -83.9620304
- Latitude
- 35.7426915
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Exceptional 4-bedroom condo with versatile living spaces and rental potential.
Where is this residential income property located?
The property is located at 1432 Broad Run Drive Maryville, TN.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Expansive 3,100 sq ft stand‑alone condominium featuring 4 bedrooms and 3.5 bathrooms.; Dual‑unit setup with separate entrances, kitchens, and laundry facilities ideal for in‑law suite, rental income, or shared living.; Gourmet kitchen with 2 food prep areas, 2 refrigerators, 2 sinks, induction stove, and ample pantry storage.
