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: |
$30,000 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/26/2023 |
Overview / Comments
13-unit multifamily value-add in Harriman, TN. Of three total buildings, two buildings are 6-plexes along with one single family detached dwelling. Of the 13 units, there are eleven (11) one-bedroom, one bath units and two (2) two-bedroom, one bath units. Water is common meter and units are not individually metered for electricity. There are no washer/dryer connections and no laundry room. Heating supplied by heat pump in building 617 and gas in building 615. Cooling by package & window units. Priced below tax appraisal and priced to sell.
This will be a total renovation/rehab for the appropriate buyer who is well suited for such a project. There is no current occupancy and no financial records. Call/email for explanation.
Acreage and square footage per public record, not guaranteed.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$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 |
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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