Armstrong and Silver Pl Apartments

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30737660
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 19 Units
Building Size (RSF): 10,756 SF
Gross Building Area: See Agent
Sale Price: $1,850,000
Unit Price: $97,368.42 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/28/2021

Overview / Comments

Located just off of N Broadway, these properties are located 5 minutes from downtown Knoxville. These 19 units consist of two properties that are less than a mile apart, 1412 Armstrong and 311 Silver Pl. On average, occupancy has historically been 100%. Two of the units are leased through the end of the year as long term Airbnb rentals. The two units being operated as Airbnbs will be sold fully furnished. There is room to increase rents after small cosmetic renovations are made. Utility bill back systems are set up and in place.

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Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 081MS014
Percent Occupied: 100%
Total Number of Buildings: 3
Property Condition: Good
Year Built: 1900
Year Renovated: 2020

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,063 89,990 164,877
Median Age: 34.13 32.64 35.24
Households: 4,645 37,093 70,298

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