15 Units Single-Family Rental Portfolio - East Knoxville

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30815203
Status: Pending/Contingent
Number of Units: 15 Units
Building Size (RSF): 16,007 SF
Gross Building Area: See Agent
Sale Price: $2,000,250
Unit Price: $133,350 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 5/8/2023

Overview / Comments

Rare opportunity to acquire 15 rental units (15 single-family homes on 14 parcels) located near downtown Knoxville, Tennessee. This offering is part of the disposition of a larger portfolio. These homes are being offered in groups of 5-15 homes each based on location and similarity. Groups will not be split or reconfigured.

This portfolio assembled and managed over 40 years by a hands-on investor. W.A. Greene grew up and worked near downtown Knoxville and spent his adult life selectively acquiring homes in this area with an eye for location, condition, and renter appeal.

Homes in great condition, many with new roofs, HVAC, utilities, and generally well kept, all with clean title.

Upside with below-market rents and flip opportunities with existing income in place. Many of these homes could be flipped for immediate profit.

New Minor League Baseball stadium and other redevelopment nearby is leading the way for a frenzy of investment and rising property values.

Knoxville, Tennessee is a vibrant, growing mountain town in East Tennessee with a historic downtown and excellent quality of life. Home to the University of Tennessee, Oak Ridge National Lab/DOE Installation and the Pellissippi Technology Corridor,, and corporate headquarters of major companies such as Discovery Networks, Regal Cinemas, Clayton Homes, Pilot Travel Centers, Sea Ray Boats and many others.

Opportunity to retain existing management. All leases are beyond their initial 1-year terms allowing flexibility to flip or bring rents up to market.

All groups are offered as commercial/investment property, as-is, where-is, no repairs, no representations, no warranties, no disclosures. Seller has never occupied the properties. These properties are held in a trust, and requiring all contracts be submitted using the form PSA which has been reviewed and approved by the Trust's attorney (Form PSA available in the document section).

316 Meadow View Rd Knoxville TN 37914-4278
313 Jamey St Knoxville TN 37914-4130
309 Jamey St Knoxville TN 37914-4130
4236 Holston Dr Knoxville TN 37914-4154
4238 Holston Dr Knoxville TN 37914-4154
4136 Holston Dr Knoxville TN 37914-4152
3933 Alma Ave Knoxville TN 37914-4102
4125 Porter Ave Knoxville TN 37914-4143
4206 Mansion Ave Knoxville TN 37914-4133
4208 Mansion Ave Knoxville TN 37914-4133
4014 Skyline Dr Knoxville TN 37914-4837
4005 Skyline Dr Knoxville TN 37914-4871
3839 Skyline Dr Knoxville TN 37914-4864
3905 Ivy Ave Knoxville TN 37914-4808

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 070MH018
Percent Occupied: 100%

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,349 45,354 125,025
Median Age: 41.21 39.29 35.4
Households: 2,349 20,629 51,674


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