15 Units Single-Family Rental Portfolio - East Knoxville

Multi-Family for Sale
Catylist Listing ID: 30815194
Number of Units: 15 Units
Building Size (RSF): 16,889 SF
Gross Building Area: See Agent
Sale Price: $1,885,000
Unit Price: $125,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 9/28/2022

Overview / Comments

Rare opportunity to acquire 15 single-family rentals located near downtown Knoxville, Tennessee. This offering is part of the disposition of a larger portfolio. These homes are being offered in groups of 5-15 homes each based on location and similarity. Groups will not be split or reconfigured.

Homes in good condition, many with new roofs, HVAC, utilities, and generally well kept, all with clean title.

Upside with below-market rents and flip opportunities with existing income in place. Many of these homes could be flipped for immediate profit.

New Minor League Baseball stadium and other redevelopment nearby is leading the way for a frenzy of investment and rising property values.

Knoxville, Tennessee is a vibrant, growing mountain town in East Tennessee with a historic downtown and excellent quality of life. Home to the University of Tennessee, Oak Ridge National Lab/DOE Installation and the Pellissippi Technology Corridor,, and corporate headquarters of major companies such as Discovery Networks, Regal Cinemas, Clayton Homes, Pilot Travel Centers, Sea Ray Boats and many others.

Opportunity to retain existing management. All leases are beyond their initial 1-year terms allowing flexibility to flip or bring rents up to market. A few units have been recently vacated but left vacant to allow buyer maximum flexibility.

All groups are offered as commercial/investment property, as-is, where-is, no repairs, no representations, no warranties, no disclosures. Seller has never occupied the properties. These properties are requiring all contracts be submitted using the form PSA which has been reviewed and approved by the Seller's attorney (Form PSA available in the document section).

4221 Alma Ave Knoxville TN 37914-4108
527 N Beaman St Knoxville TN 37914-4408
2910 Woodbine Knoxville TN 37914-4439
2914 Woodbine Ave Knoxville TN 37914-4439
2834 Jefferson Ave Knoxville TN 37914-5234
2828 Jefferson Ave Knoxville TN 37914-5234
2700 Jefferson Ave Knoxville TN 37914-5232
2719 E 5th Ave Knoxville TN 37914-5221
2733 Parkview Ave Knoxville TN 37914-5337
2516 Linden Ave Knoxville TN 37914-5305
2545 Linden Ave Knoxville TN 37914-5306
3125 Wilson Ave Knoxville TN 37914-4654
3224 Wilson Ave Knoxville TN 37914-4655
634 S Beaman St Knoxville TN 37914-5613
3246 Ashland Ave Knoxville TN 37914-4619

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 082EN008

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,524 56,258 135,168
Median Age: 39.39 36.32 35.48
Households: 3,612 24,221 56,408

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