New Roof Mixed Use Investment Opportunity Drastically Reduced!

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30470324
Property Subtypes: Duplex/Fourplex, Mixed Use
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 3,433 SF
Gross Land Area: 10,128 SF
Sale Price: $114,900
Unit Price: $28,725 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: Washington Pike Mixed Use
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/12/2019

Overview / Comments

Value Add Multi Family opportunity! For sale is an existing duplex with 2 units containing approximately 810 SF each. Also attached is a multi purpose flex building that most recently was operated as a fitness studio. The lower level unit of the multi purpose building boasts 10' ceilings w a really modern feel w a large window and private access thru a double door walkout. Existing Modern finished concrete floors and with the potential of adding a bath and studio kitchen would allow this unit to be easily converted to a modern residential unit. It has already been painted throughout. The small first floor office area is fully remodeled with laminate hardwood on the main floor and newer paint. The duplex unit has updated plumbing and new roof. Each unit is a blank canvas ready for a full remodel, most demo work has been completed. The potential for these spaces could be a 2 bedroom unit and a unit with 1 bed and large office. Gross rent after remodel for this building could be approx $2700 per month or more. Don't miss your opportunity to view this great investment opportunity.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville
Tax ID/APN: 070GF009
Zoning: R-1
Percent Occupied: 0%
Total Number of Buildings: 1
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Paved lot
Total Parking Spaces: 14
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Parcel# 070GF009 Doc# 201906050072068 Earl E Vera McCampbells Pt2 Subd Plat Bk 12 Pg 89

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Total Population: 7,956 62,849 145,319
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Households: 3,668 27,593 60,622
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