Multifam: Knoxville 7-Unit Green Deal
Multi-Family
for Sale
| Catylist Listing ID: |
30833950 |
| Property Subtypes: |
Duplex/Fourplex
|
| Number of Units: |
7 Units |
| Building Size (RSF): |
5,166 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.44 Acres
|
| Sale Price: |
$595,000 |
| Unit Price: |
$85,000 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/28/2023 |
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 $1,250+.
Unit #6 is being turned and will be ready for occupancy in March. Unit #2 is in need of rehab and seller is offering buyer credit at closing for repairs.
Square footage and acreage per public record, needs verification.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$4,388 (Annual) |
| Potential Rental Income |
$76,200 (Annual) |
| Gross Operating Income |
$42,720 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
080NA009 |
| Zoning: |
RN-4 |
| Site Description: |
Level |
| Area Description: |
From Pleasant Ridge Rd, head south onto Sisk Rd and property is 100 yards on right. |
| Total Number of Buildings: |
4 |
| Property Condition: |
Average |
| Year Built: |
1945 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,019 |
77,154 |
189,318 |
| Median Age: |
34.36 |
32.03 |
34.59 |
| Households: |
3,569 |
31,563 |
81,140 |
|
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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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