Turnkey 4-Plex in Fountain City
Multi-Family
for Sale
| Catylist Listing ID: |
30811347 |
| Property Subtypes: |
Duplex/Fourplex
|
| Number of Units: |
4 Units |
| Building Size (RSF): |
3,504 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
12,583 SF
|
| Sale Price: |
$595,000 |
| Unit Price: |
$148,750 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/19/2022 |
Overview / Comments
Turnkey 4-Plex on a quiet residential street in Fountain City. Every square inch of this property has been freshly renovated with new paint inside and out, new luxury vinyl flooring throughout, new bathroom vanities, new kitchen appliances, new doors, resealed windows, new rain gutters and more. All 4 units are 2-bedroom, 1 bath, with the same floorplan and all newly renovated. This property can be financed with a 30-year fixed rate mortgage, with a lower down payment than most commercial properties especially if financed as a primary residence. It would be perfect for an owner occupant to live in one unit and rent the others to start to build your real estate portfolio. One unit is on month-to-month lease for an owner occupant buyer to move right in. Laundry room off the back of the property can generate additional income.
Call Listing Agent. 24-hour notice needed to view inside of unit. Please do not disturb existing tenants.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$2,500 (Annual) |
| Potential Rental Income |
$42,600 (Annual) |
| Net Operating Income |
$31,450 (Annual) |
| Actual or Proforma Year |
Proforma |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
048MJ043 |
| Zoning: |
RN-1 |
| Percent Occupied: |
100% |
| Site Description: |
Level |
| Area Description: |
Take Harvey Dr and continue straight onto Lon Roberts Dr. At the end of Lon Roberts Dr, property is on the left. |
| Total Number of Buildings: |
1 |
| Property Condition: |
Excellent |
| Year Built: |
1972 |
| Year Renovated: |
2022 |
| Roof Type: |
Other |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Heat Type: |
Electricity |
| Heat Source: |
Other |
| Air Conditioning: |
Other |
| Internet Access: |
Cable |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,598 |
55,214 |
133,885 |
| Median Age: |
38.93 |
39.09 |
38.26 |
| Households: |
5,100 |
24,543 |
56,664 |
|
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