8 Two BR Townhouse Style Units - Central Maryville Location

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30286102
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 8 Units
Building Size (RSF): 7,874 SF
Gross Building Area: See Agent
Gross Land Area: 18,850 SF
Sale Price: $500,000
Unit Price: $62,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.19%
Average Occupancy Rate: 100
Gross Rent Multiplier: 8.17
Last Updated: 6/12/2018

Overview / Comments

Eight Units in a Central Maryville Location Off Of Old Knoxville Hwy - All 2 Bedroom Townhomes. The property lies on a spacious corner lot w/plenty of parking. New roof installed after the 2011 hailstorm. Tenant preferred amenities include stoves, dishwashers, refrigerators and washer/dryer connections. This location offers excellent access to Pellisippi Parkway, Maryville College & Tyson McGhee Airport. Square footage is from from tax records, is not guaranteed and should be verified by buyer. No sign on the property. All showings by appointment. Please don't disturb the residents.
Directions: Pellissippi Parkway (I-140) to last exit. Turn right onto Old Knoxville Hwy, then bear right onto McArthur Rd. Property will be on the left at the corner of McArthur Rd & Marshall St.

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 037j B 018.00
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1975
Roof Type: Gable
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,088 33,790 67,266
Median Age: 34.75 39.26 40.16
Households: 1,699 13,677 27,499


Photograph of Listing Agent

Solange Velas, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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