Multifamily, 13 Unit Value Add

Multi-Family for Sale
Catylist Listing ID: 30831651
Number of Units: 13 Units
Building Size (RSF): 6,886 SF
Gross Building Area: See Agent
Gross Land Area: 0.54 Acres
Sale Price: $390,000
Unit Price: $30,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/26/2023

Overview / Comments

13-unit multifamily value-add in Harriman, TN. Of three total buildings, two buildings are 6-plexes along with one single family detached dwelling. Of the 13 units, there are eleven (11) one-bedroom, one bath units and two (2) two-bedroom, one bath units. Water is common meter and units are not individually metered for electricity. There are no washer/dryer connections and no laundry room. Heating supplied by heat pump in building 617 and gas in building 615. Cooling by package & window units. Priced below tax appraisal and priced to sell.

This will be a total renovation/rehab for the appropriate buyer who is well suited for such a project. There is no current occupancy and no financial records. Call/email for explanation.

Acreage and square footage per public record, not guaranteed.


Finance Data Year 2022
Real Estate Taxes - Annual($) $5,459 (Annual)
Tax Value Improvements $397,900

Additional Details

Nearest MSA: Knoxville
County: Roane
Tax ID/APN: 036G G 005.00; 036G G 004.00
Percent Occupied: 0%
Site Description: Gently sloping
Area Description: I-40 Exit #350 Harriman. Head North/Northeast on TN-29 (Pine Ridge Rd) for 2 miles and turn right onto Breazeale St. Travel .10 and turn right onto Russell. Property less than 100 yards on left. Located behind Raymond Bowers Elementary School.
Total Number of Buildings: 3
Year Built: 1950
Roof Type: Other
Construction/Siding: Vinyl Siding
Parking Type: Other
Heat Source: Heat Pump
Air Conditioning: Package Unit, Window Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,672 8,954 22,461
Median Age: 44.55 43.64 44.16
Households: 726 3,849 9,345
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