5 Units - N Knox - Attractive Corner Location

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30724914
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 5 Units
Building Size (RSF): 3,618 SF
Gross Building Area: See Agent
Gross Land Area: 13,194 SF
Sale Price: $295,000
Unit Price: $59,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 6.55%
Average Occupancy Rate: 80
Last Updated: 4/25/2021

Overview / Comments

Attractive Corner Location - 5 Units - Heart of Oakwood-Lincoln Park with upside potential. Main level units are quite large with front & back entrances, high ceilings & hardwood floors. Upstairs residents enjoy hardwood floors as well & extra privacy. The entire basement is a huge one bedroom unit, is vacant & will need considerable updating. Plenty of parking off the alley and down the side driveway. The shed at the rear is included in the sale. Convenient location and rarely vacant. Vinyl siding & plumbing/electric upgraded in 1995. Seller is selling due to recent out of state relocation and arrival of new baby! No sign on property.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knoxville
Tax ID/APN: 081CL012
Zoning: RN-4
Percent Occupied: 80%
Site Description: Attractive large corner lot with parking both from side driveway and rear alley.
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 3
Year Built: 1910
Year Renovated: 1995
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Side driveway and rear gravel lot off alley.
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Other
Fuel: Gas, Electric
Air Conditioning: Window Unit
Interior Description: Hardwood Floors first and second floor.
Zoning Description: RN-4
Lot Frontage: 85
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: 11,830 88,445 168,667
Median Age: 36.81 33.63 34.63
Households: 5,348 38,574 71,789


Photograph of Listing Agent

Solange Velas, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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