Mutifamily Redevelopment
Multi-Family
for Sale
| Catylist Listing ID: |
30826819 |
| Property Subtypes: |
Mid-Rise
|
| Number of Units: |
8 Units |
| Building Size (RSF): |
8,264 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$800,000 |
| Unit Price: |
$100,000 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/15/2023 |
Overview / Comments
Multifamily redevelopment opportunity located in the heart of the Magnolia Avenue corridor. This small, 8 unit property lends itself to renovation and conversion to a market rent project.
Adequate parking in the rear of the building, nice sized units and a great location!
Property is being sold vacant - ready for you to start work!
Located in an Opportunity Zone.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
082FS015 |
| Percent Occupied: |
0% |
| Total Number of Buildings: |
1 |
| Property Condition: |
Fair |
| Number of Stories: |
2 |
| Year Built: |
1940 |
| Parking Type: |
Surface |
| Sprinklers: |
None |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,339 |
72,268 |
145,213 |
| Median Age: |
38.25 |
33.98 |
35.33 |
| Households: |
4,030 |
29,378 |
60,811 |
|
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