Catylist ID:
#30815162
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: | 1/25/2023 |
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 |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Tax ID/APN: | 082EG029 |
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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