4plex Maryville City 100% Occupied

Multi-Family for Sale
Catylist Listing ID: 30823757
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 3,242 SF
Gross Building Area: See Agent
Gross Land Area: 0.32 Acres
Sale Price: $550,000
Unit Price: $137,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/10/2022

Overview / Comments

100% occupied income producing 4-plex in the center of Maryville. This property was built in 1945 and is approx 3242 sqft on .32 acres. Each unit is currently rented and income producing. Each tenant responsible for individual utilities, owner responsible for lawn care. Additionally this property has a detached garage with electricity which could provide additional income, current rent rates are under market value due to long term consistent payment tenants so this property has upside potential as well. Current yearly gross income is $37,500, taxes per year are $3365.40. Deposits and leases on file for all 4 units, professional management is in place and can remain with agreement. Several updates have been made, call for income/expense breakdown and more information.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $3,365 (Annual)
Gross Operating Income $37,500 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 005057EB04500
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1945
Parking Type: Surface
Parking Description: Each tenant has designated parking
Total Parking Spaces: 8
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,943 42,883 67,632
Median Age: 34.8 39.13 40.36
Households: 2,760 17,355 27,012

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