Investment Opportunity

Multi-Family for Sale
Also listed as Office
Catylist Listing ID: 30803378
Number of Units: 2 Units
Building Size (RSF): 2,245 SF
Gross Building Area: See Agent
Gross Land Area: 3.60 Acres
Sale Price: $300,000
Unit Price: $150,000 Per Unit
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/29/2022

Overview / Comments

This property contains three houses on it. Two of them are in average condition (addresses 210 & 220). The other would need to be torn down as it has damages from a fire. This property could stay as one or be split up and produce rental income as these houses are currently occupied month to month at $600 per unit.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $1,594 (Annual)
Tax Value Land $41,300
Tax Value Improvements $96,500
Potential Rental Income $14,400 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Anderson
Tax ID/APN: 00100805700
Site Description: Hilly
Area Description: I-75 to Rocky Top Exit. North onto Longfield Road.
Total Number of Buildings: 2
Property Condition: Average
Year Built: 1939
Roof Type: Other
Construction/Siding: Vinyl Siding
Parking Type: Surface
Heat Type: Electricity
Heat Source: Radiant
Lot Frontage: 273
Lot Depth: 819

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,129 13,798
Median Age: 43.53 42.26
Households: 2,884 5,570

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