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

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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

Contact

Photograph of Listing Agent

Heidi C. Adams, CCIM

NAI Koella | RM Moore KAAR CIE Member
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