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

Attachments & Media

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

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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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