Discover a rare income-producing opportunity in Walland, TN, ideally located near Maryville, Townsend, Little River, and the Great Smoky Mountains. Situated on 5.33 surveyed acres, 4532 E Lamar Alexander Parkway features a 3-bedroom, 2-bath home with a basement and is currently operating as an income-producing communal living property with 7 units, plus 3 additional RV spots with water and electric hookups.
All units convey with the property, including the current RV, covered carports, and sheds, creating an excellent opportunity for continued rental income, communal living, or a flexible investment property. The property also offers convenient ingress and egress from US-321, adding ease of access for residents, guests, or future use.
Beyond its income potential, the property offers ample outdoor space to enjoy East Tennessee living. Established garden areas provide an opportunity for homesteading, growing your own produce, or supporting a self-sustaining lifestyle. The surveyed acreage also offers room for recreation, expansion, or future income possibilities while maintaining a peaceful rural setting.
Zoned R-1 Rural, the property may offer flexibility for certain special uses subject to applicable county approvals. With existing income-producing units, utility-connected RV spots, included structures, a basement home, established garden space, and over five acres of usable land, this property offers exceptional versatility and long-term potential.
Buyer to verify all information, zoning, permitted uses, rental use, RV use, subdivision potential, special exception requirements, and intended use.
Property Features
Parking
Off Street
Attached
Detached
RV Access/Parking
Garage
Heating Information
Central
Forced Air
Propane
Electric
Cooling Information
Central Air
Ceiling Fan(s)
Water Features
Public
Well
Basement
Partially Finished
Walk-Out Access
Fire Place
Stone
Gas Log
House Interior
Master Downstairs
Garage
1
School Information
School Information for 4532 E Lamar Alexander Pkwy, Walland, TN 37886