Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1323906
Year Built 1970
Lot Dimensions 145.2 X 600.71 X IRR
Source East Tennessee REALTORS® MLS
Property Description
Each unit currently rents for $980 per month on average, with market rent potential of $1,150, offering immediate upside for investors. Recent renovations and included utilities — water, landscaping, and waste service — make for easy ownership and strong tenant appeal. Included with the property is a vacant building that could be turned into an onsite laundry room, or a 33rd unit for additional income.
This property also includes .75 acres (+/-) in the rear part of the property that could be used to build additional units, parceled and sold off, or used to create amenity space.
With its prime location, solid in-place income, and room to grow rents, this property stands out as a turnkey investment opportunity in one of Knoxville's steadily growing neighborhoods — a true plus for any multifamily portfolio.
This property is part of a 129 Unit portfolio that can be purchased together.
For full financial documents please visit https://svnwood.com/inventory/?propertyId=1576427-sale
Location
State TN
County Knox County - 1
Rooms
Other Rooms Other
Interior
Heating Central, Electric
Cooling Central Cooling
Flooring Laminate, Hardwood
Heat Source Central, Electric
Exterior
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Shingle
Garage No
Building
Faces get on Interstate 640 (I-640), Take I-640 to the exit serving the north-side neighborhoods / ''North Knoxville'' / ''Whittle Springs / Forestdale'' area.
Structure Type Other
Others
Tax ID 105952
Energy Description Electric
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional