Nice 13 Unit Condo Complex - N Knox - 2BR Townhomes

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30438158
Property Subtypes: Low-Rise/Garden, Other
Status: Pending/Contingent
Number of Units: 13 Units
Building Size (RSF): 13,000 SF
Gross Building Area: See Agent
Gross Land Area: 32,400 SF
Sale Price: $850,000
Unit Price: $65,384.62 Per Unit
Property Use Type: Investment
Building Name: Inskip Place Condominiums
Sale Terms: Cash to Seller
Cap Rate: 7.39%
Average Occupancy Rate: 95
Gross Rent Multiplier: 8.16
Last Updated: 6/11/2019

Overview / Comments

Nice North Knox 13 Unit Condo Complex - 2 Bedroom & 1.5 Bath Townhouses - New Roof in 2010. Well maintained with recent window replacements, new rear siding, and pex plumbing replacement in the crawlspace. These spacious units feature excellent amenities including stoves, refrigerators, dishwashers central HVAC, washer/dryer hookups & rear yard access. Already established as 13 condos, this complex enjoys a terrific north Knox/Inskip location with easy access to bus lines, I-40, I-75, downtown Knoxville & the University of TN. As an added landlord benefit, residents pay ALL utilities including water/sewer. Unlike a typical apartment investment, the next owner here has excellent future options; keep as a rental or decide to sell as individual condo units. Square footage is from tax records, is not guaranteed and should be verified by buyer. Please do not disturb tenants. No sign. Please call listing agent to show.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 069HC022 - see note
Percent Occupied: 100%
Property Located Between: At NE Corner of Inskip & Scheel
Highway Access: Just off Merchants Exit of I-75
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1965
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Total Parking Spaces: 26
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Lot Frontage: 225 feet
Lot Depth: 144 feet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,404 73,768 176,460
Median Age: 37.81 36.59 34.92
Households: 4,629 32,421 73,770


Photograph of Listing Agent

Solange Velas, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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