Five Unit Complex-In the heart of Sequoyah

Multi-Family for Sale
Catylist Listing ID: 30355589
Number of Units: 5 Units
Building Size (RSF): 4,200 SF
Sale Price: $450,000
Unit Price: $90,000 Per Unit
Property Use Type: Net Leased Investment (NNN)
Building Name: Noelton
Usable Size (USF): 4,000 SF
Core Factor: 0.05%
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 12/7/2018

Overview / Comments

This building is back on the market after renovation and lease up. The units are all one bedroom-one bath with all appliance including washer/dryer included. Very unique opportunity to own a piece of Seqouyah. Well located to UT and downtown. The rental history is very stable with most years having a waiting list. Well maintained and cared for by the same owner for over 30 years. Recently purchased by an investor that has expended time and money in renovating and updating the units and exterior. This opportunity will not last long. Please contact Steve Clabough for a private showing at 865-803-9161

Pictures and financials will be added on Monday December3

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville
Zoning: R-1
Percent Occupied: 100%
Property Located Between: Across from Western Plaza on Kingston Pike
Highway Access: Kingston Pike
Airports: TYS
Site Description: Improved site with on site parking
Area Description: Seqouyah Hills-Enough said!!!
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1945
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Level to rolling
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Parking Description: Gravel drive
Total Parking Spaces: 8
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Recently remodeled
Zoning Description: R-i Multifamily
Lot Frontage: 145
Lot Depth: 220
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: None known
Land Ownership: Fee simple
Legal Description: To be determined

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,733 59,696 174,241
Median Age: 34.51 31.4 34.99
Households: 3,425 23,715 74,049

Contact

Photograph of Listing Agent

Steven Clabough

Realty Resources
KAAR CIE Member
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