Fountain City Victorian Triplex

Multi-Family for Sale
Catylist Listing ID: 30463199
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 2,480 SF
Gross Building Area: See Agent
Sale Price: $179,900
Unit Price: $59,966.67 Per Unit
Property Use Type: Investment
Building Name: Lynnwood Triplex
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/23/2019

Overview / Comments

Great Cash Flow with Long Term Tenants. This was a house previously and has been divided to 3 1 bedroom apartments with separately metered electric. Residents moved in 2019, 2018, & 2014. The previous resident in #1 was there over 6 years & #3 was there 3 years. New roof a few years ago. Vinyl Siding. All 3 units have been repainted & renovated at some point since the current owner took over. DO NOT DISTURB TENANTS OA

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $1,649 (Annual)
Gross Operating Income $18,768 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 058FD02401
Percent Occupied: 100%
Property Condition: Good
Number of Stories: 2
Construction/Siding: Brick/Vinyl Siding
Heat Type: Electricity
Heat Source: Baseboard
Fuel: Electric
Air Conditioning: Window Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,918 61,931 140,180
Median Age: 40.68 38.69 37.59
Households: 2,797 27,338 59,527

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