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

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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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