FOR SALE - 3304 SQ of MULTI-FAMILY

Multi-Family for Sale
Catylist Listing ID: 30777944
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 3,304 SF
Gross Building Area: 5,304 SF
Gross Land Area: 12,382 SF
Sale Price: $420,000
Unit Price: $140,000 Per Unit
Property Use Type: Business
Usable Size (USF): 3,304 SF
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 100
Gross Rent Multiplier: 8.75
Last Updated: 1/10/2022

Overview / Comments

Great investment in Powell. Multi-family completely remodeled, stainless steel appliances, laminate flooring, no carpet. Apartment#1: One studio apartment with 1 bath and a lot of storage. Apartment#2: 3 bedrooms, 2 full
baths, open floor plan. Laundry connections, Apartment#3: 4 bedrooms, 2 full bathrooms, laundry connections, open floor plan, gas fireplace, huge kitchen and dining room, Master with very large walking closet, new porch. laundry connections in each unit except in the studio.
Plenty of parking spaces, huge separate storage in L shape in the back of the building. Very low county taxes only.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 067AA015
Zoning: COMMERCIAL- RETAIL- IMPROVEMENT DWELLING
Percent Occupied: 100%
Highway Access: Located on Highway 25W (Clinton Hwy)
Site Description: Well-built building with metal and shingles roof, wood, stone and hardy planque siding. all units are totally remodeled. Huge storage building with electricity, and 13 ft ceilings.
Area Description: Thriving location in Powell in just less than a mile away from Super Wal Mart, Target, Hobby Lobby, and major retail stores, supermarkets, and restaurants.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 1
Year Built: 1991
Construction/Siding: HardiePlank Siding, Stone, Wood Siding
Exterior Description: Well kept Brick front building, rectangle in shape, parking spaces in the front and side, metal gate.
Parking Type: Surface
Parking Description: Concrete
Total Parking Spaces: 8
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Great investment in Powell. Multi-family completely remodeled, stainless steel appliances, laminate flooring, no carpet. Apartment#1: One studio apartment with 1 bath and a lot of storage. Apartment#2: 3 bedrooms, 2 full baths, open floor plan. Laundry connections, Apartment#3: 4 bedrooms, 2 full bathrooms, laundry connections, open floor plan, gas fireplace, huge kitchen and dining room, Master with very large walking closet, new porch. laundry connections in each unit except in the studio. Plenty of parking spaces, huge separate storage in L shape in the back of the building. Very low county taxes only.
Zoning Description: Commercial, Land Use: Retail Improvement Type: Dwelling
Lot Frontage: 52 ft
Lot Depth: 256 ft
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: n/a
Land Ownership: Owned
Legal Description: Parcel ID 067AA015

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,042 30,392 98,043
Median Age: 39.3 39 36.9
Households: 1,979 12,121 39,984

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