Rare Fountain City Multi-Family for Sale

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30656728
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 16 Units
Building Size (RSF): 10,268 SF
Gross Building Area: See Agent
Gross Land Area: 0.69 Acres
Sale Price: $935,000
Unit Price: $58,437.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/21/2020

Overview / Comments

Great opportunity to purchase 16 units in Fountain City. Difficult to find in this market and will not last long. New roof in 2015 and other upgrades since 2017. The property consists of two buildings with 10 single bedroom 1 bath and 6 two-bedroom 1 bath units and sits on 0.69 acres. Separate building has coin operated laundry that generates additional income and water heaters that service the property. Professionally managed. 24-hour notice to show the property. Do not disturb the tenants.

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $9,993 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 058FD038
Zoning: RN-5
Site Description: Level
Area Description: North on Broadway to right onto Essary Dr to left onto Lynnwood Dr. Property is on the left.
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1974

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,499 58,361 137,066
Median Age: 38.4 38.76 37.62
Households: 3,792 25,887 58,160
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