Catylist ID:
#30815203
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 |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Tax ID/APN: | 070MH018 |
| Percent Occupied: | 100% |
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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