91 Unit Single Family Portfolio

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30767994
Status: Pending/Contingent
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
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 5/18/2022

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.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 082OC020
Percent Occupied: 100%
Total Number of Buildings: 96
Property Condition: Good
Exterior Description: These buildings have been well maintained, many with new roofs, HVAC, utility services, etc..

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,424 74,078 149,959
Median Age: 34.89 33.33 35.01
Households: 4,648 30,072 63,778

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