12 UNIT ROCKWOOD - MOSTLY 2 BDRMS

Multi-Family for Sale
Catylist Listing ID: 30824529
Property Subtypes: Low-Rise/Garden
Number of Units: 12 Units
Building Size (RSF): 10,496 SF
Gross Building Area: See Agent
Gross Land Area: 0.96 Acres
Sale Price: $850,000
Unit Price: $70,833.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.3%
Average Occupancy Rate: 92
Last Updated: 11/15/2022

Overview / Comments

WELL LOCATED 12 UNIT JUST WEST OF DOWNTOWN ROCKWOOD - MOSTLY 2 BDRMS

With a shortage of rental units in the area, this complex stays full. Each unit has central HVAC, a large eat in kitchen, and a utility room with washer/dryer hookups. Located on a wide park like street just west of the quaint downtown, residents can walk downtown for shopping and dining. Their highschoolers can walk to Rockwood High School, just a 2 minute walk East towards gorgeous Mt. Roosevelt.
No sign on the property. Please don't disturb the residents. All showings by appointment.

Additional Details

Nearest MSA: Knoxville
County: Roane
Tax ID/APN: 054F A 014.00
Percent Occupied: 92%
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1969
Roof Type: Gable
Construction/Siding: Block
Exterior Description: Brick and siding over block
Parking Type: Surface
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Interior Description: All units have central HVAC, range & refrigerator and washer/dryer hookups. Do to the buildings design, each unit is separated by block walls. All staircases are interior under cover and built of concrete.
Lot Frontage: 201
Lot Depth: 206
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,207 7,654 8,999
Median Age: 42.77 45 45.04
Households: 1,328 3,179 3,710

Contact

Photograph of Listing Agent

Solange Velas, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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