Unique 9-unit Multi-family Property in Blount County

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30737498
Property Subtypes: Low-Rise/Garden, Other
Status: Pending/Contingent
Number of Units: 9 Units
Building Size (RSF): 12,340 SF
Gross Building Area: See Agent
Gross Land Area: 3.69 Acres
Sale Price: $749,900
Unit Price: $83,322.22 Per Unit
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/22/2021

Overview / Comments

9-UNIT MULT-FAMILY PROPERTY! You don't want to miss this unique property with great cash flow and lots of additional upside! Converted from the old Rush Strong School, the property includes a mix of one, two, three, & four bedroom units. Half of the original gym still exists as a storage/workshop area. Situated on approximately 3.69 acres with mountain views, additional development potential may exist. Metal roof is approximately 10 years old. Do not disturb tenants or drive onto the property unless you have an appointment with the Listing Agent.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 005112 02100
Property Located Between: Blount County
Parking Type: Surface
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,196 24,801
Median Age: 42.98 43.05
Households: 3,221 9,472

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