12 Units Single-Family Rental Portfolio - Near Downtown

Multi-Family for Sale
Catylist Listing ID: 30815162
Number of Units: 12 Units
Building Size (RSF): 13,309 SF
Gross Building Area: See Agent
Sale Price: $1,612,669
Unit Price: $134,389.08 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/28/2022

Overview / Comments

Rare opportunity to acquire 12 single-family rentals located near downtown Knoxville, Tennessee. This offering is part of the disposition of a larger portfolio. These homes are being offered in groups of 5-15 homes each based on location and similarity. Groups will not be split or reconfigured.

This portfolio assembled and managed over 40 years by a hands-on investor. W.A. Greene grew up and worked near downtown Knoxville and spent his adult life selectively acquiring homes in this area with an eye for location, condition, and renter appeal.

Homes in great condition, many with new roofs, HVAC, utilities, and generally well kept, all with clean title.

Upside with below-market rents and flip opportunities with existing income in place. Many of these homes could be flipped for immediate profit.

New Minor League Baseball stadium and other redevelopment nearby is leading the way for a frenzy of investment and rising property values.

Knoxville, Tennessee is a vibrant, growing mountain town in East Tennessee with a historic downtown and excellent quality of life. Home to the University of Tennessee, Oak Ridge National Lab/DOE Installation and the Pellissippi Technology Corridor,, and corporate headquarters of major companies such as Discovery Networks, Regal Cinemas, Clayton Homes, Pilot Travel Centers, Sea Ray Boats and many others.

Opportunity to retain existing management. All leases are beyond their initial 1-year terms allowing flexibility to flip or bring rents up to market.

All groups are offered as commercial/investment property, as-is, where-is, no repairs, no representations, no warranties, no disclosures. Seller has never occupied the properties. These properties are held in a trust, and requiring all contracts be submitted using the form PSA which has been reviewed and approved by the Trust's attorney (Form PSA available in the document section).

3523 Cherry Hill Ave, Knoxville, TN 37914-5731
638 S Beaman St, Knoxville, TN 37914-5613
624 S Beaman St, Knoxville, TN 37914-5613
724 Witt Pl, Knoxville, TN 37915-2720
2208 Barker Ave, Knoxville, TN 37915-2212
2536 Wayland Ave, Knoxville, TN 37914-5955
3016 Wimpole Ave, Knoxville, TN 37914-5963
3210 Landview Dr, Knoxville, TN 37914-5663
4408 McDonald Rd, Knoxville, TN 37914-4968
1700 Young Ave, Knoxville, TN 37920-3934
5504 Chapman Hwy, Knoxville, TN 37920-5175
1700 Boyd St, Knoxville, TN 37921-3503

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 082EG029

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,560 47,930 130,751
Median Age: 39.09 37.28 35.43
Households: 2,753 21,086 54,454

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