MARYVILLE 5 PLEX - NEW ROOFS - ON 3 LOTS

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30817019
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Status: Pending
Number of Units: 5 Units
Building Size (RSF): 5,354 SF
Gross Building Area: See Agent
Gross Land Area: 23,523 SF
Sale Price: $660,000
Unit Price: $132,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 7.83%
Average Occupancy Rate: 100
Gross Rent Multiplier: 9.80
Last Updated: 9/22/2022

Overview / Comments

7.8 CAP RATE!! MARYVILLE 5 PLEX - NEW ROOFS - GREAT UNIT MIX - 3 LOTS - TWO UNITS BEAUTIFULLY REMODELED.
These 3 individual side by side properties have excellent amenities including central HVAC and washer dryer hookups. City picks up trash and tenants pay all utilities including water. Property consists of two duplexes & a single family residence, is downtown adjacent & one mile from Maryville College. Two Units beautifully remodeled with all new everything, tenant paid utilities & great location help make this 5 plex a great long term investment with plenty of upside potential.

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 005057EB02400
Percent Occupied: 100%
Property Condition: Good
Number of Stories: 2
Year Built: 1928
Year Renovated: 2021
Roof Type: Gable
Construction/Siding: Stone
Parking Type: Surface
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,943 41,852 67,632
Median Age: 34.8 39.09 40.36
Households: 2,760 16,920 27,012

Contact

Photograph of Listing Agent

Solange Velas, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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