Fountain City Duplex

Multi-Family for Sale
Sale Pending/Contingent
Also listed as Business Opportunity
Catylist Listing ID: 30798811
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 2 Units
Building Size (RSF): 2,224 SF
Gross Building Area: See Agent
Gross Land Area: 9,978 SF
Sale Price: $325,000
Unit Price: $162,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/2/2022

Overview / Comments

Great Location, between Broadway and Jacksboro Pike, Fountain City. All brick/pad construction. Two-two story units. Parking on each side of building. Water/sewer included in rent, electric gas billed to tenant, central HVAC. $25,000-$30,000 estimated improvements in 2020. Leases signed in December 2021 have increased rent to $1,100 per side from $1,000 per side per month. Each unit is 2 bedroom, 1.5 bathrooms, half bath located in room where washer & dryer connections are on the main floor. kitchen appliances convey, Washer/Dryers belong to tenants. Possible add-value in rent increases, Property Management, water/sewer direct billing by installing meters and billing through KUB (see attached sheet) for more information, financials and interior pictures upon request.

All information is deemed reliable but not guaranteed, prospective buyers are responsible for their own due diligence. Must have POF or Bank letter to set up showing.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $2,609 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 058LG025
Zoning: RN-1
Percent Occupied: 100%
Area Description: 640 east to Old Broadway, left to 441, right on Sanders Dr., left on Crawford, left on Rennoc, right, property on right.
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1965
Heat Source: Central
Air Conditioning: Other

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,034 66,828 155,276
Median Age: 38.96 38.27 36.97
Households: 3,649 29,412 65,953

Contact

© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.