26 Units, Newer Construction, Must See for Investors

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30676773
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 26 Units
Building Size (RSF): 15,350 SF
Gross Building Area: See Agent
Gross Land Area: 0.96 Acres
Sale Price: $1,875,000
Unit Price: $72,115.38 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/23/2021

Overview / Comments

This property is a must see for multifamily investors. It is in excellent condition and is well positioned 12 miles from downtown Knoxville. 26 units, three buildings on 3 separate parcels (539, 543 & 551 South Old Sevierville Pike). Built in 2006, 2010 and 2013. The newest building is sprinkled. All one bedroom, one bath. Washer/dryer connections, brick and siding. New decking with back porches on two buildings. Very clean and well maintained. Great stable tenant mix. 24-hour notice required before showing the property.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $7,988 (Annual)

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 045CC038
Zoning: R2
Area Description: From downtown Knoxville - Chapman Highway south to left onto South Old Sevierville Pike for 2.5 miles property on the right.
Total Number of Buildings: 3
Property Condition: Excellent
Number of Stories: 2
Year Built: 2010
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Total Parking Spaces: 52
Laundry: In Each Unit
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central, Wall Units
Fuel: Electric
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,917 20,748 31,894
Median Age: 42.67 40.76 40.27
Households: 1,876 7,953 12,103
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