Multi-Family South Knox Duplex for Sale

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30732303
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 2 Units
Building Size (RSF): 1,800 SF
Gross Building Area: See Agent
Gross Land Area: 0.41 Acres
Sale Price: $240,000
Unit Price: $120,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2021

Overview / Comments

This is a great opportunity to purchase an affordable investment property. Current rents are below market and gives a substantial upside for a new owner. This property was built by the current owner in 1999 with a new roof in 2011. The property is only 4.7 miles (10 minutes) from downtown Knoxville just off of Chapman Highway. It has been well maintained by the current owner. The property consists of a two-bedroom, two bath unit and a one bedroom, one bath unit. Both units have washer and dryer hookups. All utilities are separately metered including water, unit 4700 has a new water heater and both units share a back porch. Rents are $675 and $575. Property taxes are $2,899.11.

Three additional duplexes are available for sale on Tipton Overlook Way from the same owner. Do not disturb the tenants. Square footage and acreage per public record, must be verified.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $2,899 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 124AC015
Percent Occupied: 100%
Area Description: From downtown Knoxville go south on Chapman Hwy, left onto Lindy Dr, left onto Sevierville Pike, right onto Centeroak Dr, left onto Prospect Dr, property on the right.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 1
Year Built: 1999
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Engineered System

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,548 27,141 94,266
Median Age: 39 36.09 35.16
Households: 714 11,954 38,017
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