South Knox Opportunity - 16 Units - 7 Cap
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30832779 |
| Property Subtypes: |
Low-Rise/Garden
|
| Status: |
Pending |
| Number of Units: |
16 Units |
| Building Size (RSF): |
10,128 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
34,669 SF
|
| Sale Price: |
$1,350,000 |
| Unit Price: |
$84,375 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.0% |
| Average Occupancy Rate: |
94 |
| Gross Rent Multiplier: |
7.84 |
| Last Updated: |
2/9/2023 |
Overview / Comments
SOUTH KNOX OPPORTUNITY - HUGE CORNER LOT - 7 CAP!
Rare opportunity in the hot South Knox waterfront market, just blocks from the Urban Wilderness, Ijams, Suttrees waterfront park, University of TN & downtown Knoxville. Property consists of two buildings. First one built in 1915. Second one built in 1976. One unit is being kept vacant for ease of showing and one unit is in need of a complete rehab includind kitchen and bathroom.
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Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Taxing Authority: |
Knoxville |
| Tax ID/APN: |
109BH022 |
| Highway Access: |
Excellent Access to Chapman Hwy, I-40 & I-75 |
| Site Description: |
Large, level, corner lot. |
| Area Description: |
Urban/Suburban |
| Total Number of Buildings: |
2 |
| Property Condition: |
Fair |
| Roof Type: |
Gable |
| Construction/Siding: |
Stucco |
| Parking Type: |
Surface |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Fuel: |
Electric |
| Air Conditioning: |
Package Unit |
| Zoning Description: |
RN-4 |
| Lot Frontage: |
150 |
| Lot Depth: |
250 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
fee simple |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,690 |
61,380 |
129,924 |
| Median Age: |
29.92 |
31.35 |
34.85 |
| Households: |
4,068 |
24,070 |
54,970 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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