Multifam: Knoxville 7-Unit Green Deal
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||$85,000 Per Unit
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||Cash to Seller
Overview / Comments
This 7-unit property is not only green in color but will have investors seeing green with upside potential. The property consists of a triplex, duplex, single detached rental and a traditional single-family residence/house. The house is a 3-bedroom 1.5 bath and the other six units are 1 bedroom and 1 bath. Water is common meter, and all units are individually metered for electric. Only the house has washer/dryer hookups. The property has private driveway and sits on 1.44 acres.
Upside exists in passing water expense to tenants along with substantial rent increases. One-bedroom apartments of this class should yield $850/month+ and the house should bring $1,250+.
Unit #6 is being turned and will be ready for occupancy in March. Unit #2 is in need of rehab and seller is offering buyer credit at closing for repairs.
Square footage and acreage per public record, needs verification.
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||From Pleasant Ridge Rd, head south onto Sisk Rd and property is 100 yards on right.
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