Nevada Heights
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30827789 |
| Property Subtypes: |
Low-Rise/Garden
|
| Status: |
Pending |
| Number of Units: |
17 Units |
| Building Size (RSF): |
12,932 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,300,000 |
| Unit Price: |
$76,470.59 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
1/4/2023 |
Overview / Comments
Nevada Heights is a 17-unit property located in LaFollette, TN that has recently been completely renovated and is well positioned to achieve market rents. The property has been ran as an affordable housing complex, but all rent restrictions will be lifted at the time of closing which will allow a buyer to increase rents to market rates.
-Recently Renovated Interiors and Exterior
-Ability to Convert Office Into 18th Unit
-Rents $300-$400 Below Market
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Campbell |
| Tax ID/APN: |
007085O C 03900 |
| Percent Occupied: |
95% |
| Total Number of Buildings: |
4 |
| Property Condition: |
Excellent |
| Year Built: |
2003 |
| Year Renovated: |
2016 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,139 |
8,587 |
18,156 |
| Median Age: |
36.83 |
40.5 |
41.16 |
| Households: |
1,260 |
3,462 |
7,309 |
|
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