Stonegate Townhomes + Development Site
Multi-Family
for Sale
| Catylist Listing ID: |
30833458 |
| Property Subtypes: |
Low-Rise/Garden
|
| Number of Units: |
34 Units |
| Building Size (RSF): |
47,600 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$8,000,000 |
| Unit Price: |
$235,294.12 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
3/6/2023 |
Overview / Comments
|
SVN | Wood Properties is proud to exclusively present Stonegate Townhomes. Stonegate Townhomes consists of 34 existing units, 51 platted, recorded, turn-key lots, and a 4.5-acre tract of residential zoned property that could be an additional phase of townhouse development. The 34 existing units are a mix of (14) 2 bedroom / 2 bathroom units and (20) 2 bedroom / 2.5 bathroom units. All units feature garages, high ceilings, and washer dryer hookups. All units are individually parceled and capable of a condo conversion exit strategy. All units are individually metered and tenants pay all utilities. The current loan is assumable. Please reach out to the listing brokers for more information.
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Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Loudon |
| Tax ID/APN: |
053041PC05700 |
| Percent Occupied: |
97% |
| Site Description: |
34 Newer Vintage Townhomes,
51 Shovel Ready Lots,
Located in Booming Knoxville Submarket |
| Area Description: |
Stonegate is located in Loudon County adjacent to Loudon Elementary School. The property is just outside of Lenoir City and is 25 minutes from the center of West Knoxville. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,164 |
10,652 |
23,335 |
| Median Age: |
55.69 |
41.44 |
47.52 |
| Households: |
477 |
4,128 |
9,729 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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