11 Unit Residential Rental

Multi-Family for Sale
Catylist Listing ID: 30838113
Property Subtypes: Low-Rise/Garden
Number of Units: 11 Units
Building Size (RSF): 7,012 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $729,900
Unit Price: $66,354.55 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2023

Overview / Comments

The property consists of 1.5 acres. It currently has 11 units, all of which are rented. Up front is a duplex with two units in it, each are 2/1. The long building in the back has 9 units. 3 units are 2/2, 6 units are 1/1. Some of the units have central heat/air, some window units, some use floor heaters. All units have their own hookups, water, sewer, and electricity, paid by the tenant. The house/duplex has one water meter (Paid by landlord) but the electric is separate meters, paid by the tenants. Each unit has stove and refrigerator. Trash is picked up by the city, which is included in the taxes. There is room for additional construction at the front of the property.

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $2,634 (Annual)
Potential Rental Income $64,308 (Annual)
Gross Operating Income $64,308 (Annual)
Net Operating Income $56,225 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Roane
Taxing Authority: Rockwood City
Tax ID/APN: 073064C A 00100
Percent Occupied: 100%
Property Located Between: Nelson st and Tarwater St
Highway Access: US Hwy 27
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 1
Year Built: 1953
Year Renovated: 2018
Parking Type: Surface
Total Parking Spaces: 30
Laundry: Laundromat Nearby
Sprinklers: None
Heat Type: Electricity
Heat Source: Baseboard, Central, Wall Units
Fuel: Gas, Electric
Air Conditioning: Package Unit, Window Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,556 7,654 10,805
Median Age: 44.16 45 45.72
Households: 1,052 3,179 4,466

Contact

Photograph of Listing Agent

Jacki Hill

Coldwell Banker Jim Henry & Associates
KAAR CIE Member
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