6 UNITS 4TH & GILL - UPGRADED IN MID 90'S - FULLY RENTED!
Multi-Family
for Sale
| Catylist Listing ID: |
30826421 |
| Property Subtypes: |
Low-Rise/Garden
|
| Number of Units: |
6 Units |
| Building Size (RSF): |
3,282 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
7,500 SF
|
| Sale Price: |
$825,000 |
| Unit Price: |
$137,500 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.5% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
2/5/2023 |
Overview / Comments
RARE FOURTH & GILL APTS - FIRST TIME ON MARKET SINCE 2007 - GEORGE BARBER DESIGN - For more photos and descriptions please go to:
https://historicknoxvilleproperties.com/907-luttrell/
Originally designed by famed architect George Barber and completed in 1899, this excellent investment was retooled in the mid 1990's as a six unit residence, complete with six individual electric meters, copper plumbing, romex wiring, new interior walls, insulation & double pane windows. In 2012 a new dimensional roof was installed as well. Additionally, the residents enjoy ample onsite parking and a private garden patio. Since his purchase in 2007, the current owner has continued to carefully maintain this unique property. Now that the owner is considering retirement from rental property ownership, this excellent investment is now available. Each unit is unique and all have hard wood flooring.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
081MN010 |
| Percent Occupied: |
100% |
| Total Number of Buildings: |
1 |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Year Built: |
1899 |
| Year Renovated: |
1995 |
| Roof Type: |
Gable |
| Construction/Siding: |
Wood Frame |
| Parking Type: |
Surface |
| Laundry: |
Laundromat Nearby |
| Sprinklers: |
None |
| Heat Source: |
Central |
| Fuel: |
Electric |
| Lot Frontage: |
50 |
| Lot Depth: |
150 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
fee simple |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,166 |
91,281 |
158,627 |
| Median Age: |
34.9 |
32.87 |
35.14 |
| Households: |
3,961 |
37,750 |
67,729 |
|
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