McCroskey Duplex - Ready for Occupancy

Multi-Family for Sale
Catylist Listing ID: 30821140
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,361 SF
Gross Land Area: 0.20 Acres
Sale Price: $400,000
Unit Price: $200,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/13/2023

Overview / Comments

Great opportunity to purchase a completely rehabbed duplex with great rental income potential. This home has been completely overhauled including a new roof, new electrical and plumbing, new HVAC, interior fixtures, and more. This 1920 property on .19 also has additional parking on street and behind property and detached storage shed and open crawl space for extra storage. This property was previously used as a tri-plex and can be converted back subject to City of Knoxville approval and addition of sprinkler system and firewall or can be used as 1 large home. Unit 1 is 1791 sqft with full kitchen, laundry area, 2 full bathrooms and 5 total bedrooms; Unit 2 is 570sqft with a full kitchen, laundry closet, bathroom, living room, and walk through bedroom. Potential income from Unit 1 is approximately $1800-$2000 as possibly a 5/2 and Unit 2 $800-$1000, each unit has its own separate utility meters, property is on city water/sewer. Seller is willing to work with buyer to rent property with a move in date of all leases to be after closing date, professional property management is available or buyer can choose/manage on their own. Dimensions and measurements included in pictures, call today for more information or your personal/private tour.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 081ED046
Zoning: RN-4
Percent Occupied: 0%
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1920
Year Renovated: 2022
Parking Description: Off street parking next to home, parking also available in front of property on street.
Total Parking Spaces: 6
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,244 88,119 163,512
Median Age: 38.7 33.51 35.13
Households: 4,760 37,038 69,521


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