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

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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

Contact

Photograph of Listing Agent

Solange Velas, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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