Catylist Listing ID: 30808382
Number of Units: 11 Units
Building Size (RSF): 9,535 SF
Gross Building Area: See Agent
Sale Price: $2,250,000
Unit Price: $204,545.45 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/21/2022

Overview / Comments

5 Structures including 11 total units: 9 short term rentals, 1 Long term rental
and 1 Office space totally renovated turnkey. This office is the current headquarters of Unique Construction.
Existing & projected financials are through May of 2022 and on runrate to project the cap rate of 8.76%.
The seller is willing to transfer the existing Airbnb account with over 200 reviews to the new investor.
Seller gas over $700,000 In capital improvements across the units for a turnkey solution to potential investors.
Airbnbs have shown an amazing track record of financials so far in 2022 with plenty of room for growth.
Property addresses:
3713 Washington Pike, Knoxville, TN 37917 Office - 350sq ft
3713 Washington Pike, Knoxville, TN 37917 AirBNB- 1200sq ft/ 2BR/1BA
3715 Washington Pike, Knoxville, TN 37917 AirBNB- 650sqft - 2BR/1BA
3717 Washington Pike, Knoxville, TN 37917 AirBNB - 650sqft/ 2BR/1BA
1218 Murray Drive, Knoxville, TN 37912 AirBNB- 1413sqft/ 2BR/1BA
1218 Murray Drive, Knoxville, TN 37912 Apartment over garage - 1120sq ft 2BR/1BA
11106 Yarnell Road, Knoxville, TN 37932 AirBNB - 1300sqft 3BR/2BA
100 Hamilton Circle, Oak Ridge, TN 37830 AirBNB- 713sqft 2BR/1BA
101 Hamilton Circle, Oak Ridge, TN 37830 AirBNB - 713sqft 2BR/1BA
102 Hamilton Circle, Oak Ridge, TN 37830 AirBNB - 713sqf 2BR/1BA
103 Hamilton Circle, Oak Ridge, TN 37830 AirBNB - 713sqft/ 2BR/1BA

Attachments & Media

Financials

Finance Data Year 2022
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County, Anderson County
Tax ID/APN: 070GF009, 068OA00501, 117EA002, 099F C 004.00
Property Located Between: Knoxville and Oak Ridge, TN
Site Description: 11 total units: Nine short term rentals, one long term rental and one office space
Total Number of Buildings: 11
Property Condition: Average
Parking Type: Other
Heat Type: Electricity
Heat Source: Central

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,956 62,849 145,319
Median Age: 38.99 37.92 35.39
Households: 3,668 27,593 60,622

Contact

Photograph of Listing Agent

Carl Young

Young Marketing Group
KAAR CIE Member
Photograph of Listing Agent

Jason Strange

Young Marketing Group, Realty Executives
KAAR CIE Member
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