3 Separate Units On 1 Parcel With Value Add

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30528251
Property Subtypes: Mixed Use, Other
Status: Pending
Number of Units: 3 Units
Building Size (RSF): 2,157 SF
Gross Building Area: See Agent
Sale Price: $159,000
Unit Price: $53,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/12/2019

Overview / Comments

Excellent location makes these 3 units a perfect long-term investment. Inside the heart of Lenoir City where rentals are in huge demand. Tenants pay all utilities including water. Value add opportunity for all 3 units. This is a perfect purchase for both the first time and seasoned investor. Square footage taken from the tax card and should be verified. Please see information below for each unit.
Please call Suzanne 865-773-9200 or Mike 865-740-7471 directly to schedule tours.

107 N. C St. Unit#1 (Front Unit) - 2/1 1147sf
- Rents for $800. Currently unoccupied * HOLDING VACANT FOR HUGE VALUE ADD POTENTIAL FOR NEW OWNER.
- Potential for a 3rd bedroom
- New appliances, doorknobs, and light fixtures throughout.
- New 2" faux blinds throughout.
- Mostly original hardwood flooring with some new LPV flooring
- Termidor treatment applied last year (preventative). 10 yr. warranty

107 N. C St. Unit #2 - 2/1 650sf
- Rents for $625. Currently rented
- New appliances, doorknobs, and light fixtures throughout.
- New 2" faux blinds throughout.
- Mostly original hardwood flooring
- New metal roof installed 2018.
- New central heat installed 2017
- Termidor treatment applied last year (preventative). 10 yr. warranty

107 N. C St. Unit #3 1/1 360sf efficiency
- Rents for $450. Currently rented
- Interior was completely gutted and rebuilt in 2018
- New 2" faux blinds throughout.
- New metal roof installed 2018.
- New appliances, and heat/air window unit
- Termidor treatment applied last year (preventative). 10 yr. warranty

Additional Details

Nearest MSA: Knoxville
County: Loudon
Tax ID/APN: 053020N E 00800
Total Number of Buildings: 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,385 14,876 35,604
Median Age: 31.21 37.29 43.82
Households: 1,990 5,750 14,236
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