Catylist ID: #30767994
91 Unit Single Family Portfolio
Multi-Family for Sale
|Catylist Listing ID:||30767994|
|Number of Units:||91 Units|
|Building Size (RSF):||111,625 SF|
|Gross Building Area:||See Agent|
|Sale Price:||$818,790 - 12,624,915|
|Unit Price:||$8,997.69 Per Unit|
|In Opportunity Zone?||Yes|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||95|
Overview / Comments
Rare opportunity to acquire a portfolio of 81 Single Family Homes and 5 Duplexes located near downtown Knoxville, Tennessee.
Owner will sell as entire portfolio, or any of 9 predetermined groups. Visit www.MaddoxCompany.com/sfr to review DD materials and submit offers online. All sales must use the attached form contract, subject to the terms of sale enclosed therein. Buyers may submit offers on a single group, multiple groups or the entire portfolio (all groups). Groups will not be split or reconfigured. All sales are as-is, where-is, no inspections, no contingencies, no representations, no warranties, no disclosures. Seller has never occupied the properties. Clean Title Commitments, rental information and 360 drone photos for all properties accessible at www.MaddoxCompany.com/sfr.
Portfolio assembled and managed over 40 years by a hands-on investor who 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.
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 in East Knoxville are 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. Nearly all leases month-to-month with negligible vacancy.
Attachments & Media
|Total Number of Buildings:||96|
|Exterior Description:||These buildings have been well maintained, many with new roofs, HVAC, utility services, etc..|
|Proximity:||1 mile||3 miles||5 miles|
Brandon ClarkMaddox Property Sales KAAR CIE Member
Steven MaddoxMaddox Property Sales KAAR CIE Member
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