Two 3,678 SF Group Homes

Multi-Family for Sale
Also listed as Hospitality, Vacant Land
Catylist Listing ID: 30822511
Property Subtypes: Low-Rise/Garden, Mixed Use, Senior Living
Number of Units: 2 Units
Building Size (RSF): 7,356 SF
Gross Building Area: See Agent
Sale Price: $695,000
Unit Price: $347,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/28/2022

Overview / Comments

Two group homes on two parcels totaling 2.93 acres. Each building is 3,678 SF, consisting of 4 bedrooms (en suite), half bath, large kitchen, large living room, office, entry foyer, laundry room and rear covered porch. Sprinkled.

Houses share a common access easement driveway from Western Ave and McKamey Rd (north side of the traffic light) and are shielded from Western Avenue by another parcel and a large tree line. Zoned RN-1. Sector Plan: MDR/O.

Plumbing demolition is complete in bathrooms. Interiors of both properties need renovation.

Ideal for group home, rehabilitation/treatment home or future uses approved for medium density residential/office.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $8,498 (Annual)
Tax Value Land $473,700
Tax Value Improvements $412,700

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 093AB046; 093AB04501
Zoning: RN-1
Site Description: Level
Area Description: Western Ave and McKamey Rd to north on access easement driveway (to the right of the dental office).
Total Number of Buildings: 2
Property Condition: Fair
Year Built: 1995
Roof Type: Other
Construction/Siding: Stucco
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Lot Frontage: 549

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,802 68,337 178,794
Median Age: 35.56 34.69 34.82
Households: 3,699 29,979 75,614

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