Multi-Family 24 Units, Holston Apartments

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30445630
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 24 Units
Building Size (RSF): 11,866 SF
Gross Building Area: 12,368 SF
Gross Land Area: 1.10 Acres
Sale Price: $1,495,000
Unit Price: $62,291.67 Per Unit
Property Use Type: Investment
Building Name: Holston Apartments
Sale Terms: Cash to Seller
Average Occupancy Rate: 95
Last Updated: 7/2/2019

Overview / Comments

Rare multi family opportunity in Knoxville. Fantastic location! Updated throughout. Renters are happy and leases are current. Convenient to bus routes (KAT), just minutes from downtown, University of Tn, shopping, and schools.

Owner has update all units at a cost of over $100,000. Flooring, fresh paint, plumbing, cabinets, and electrical. Workshop and office have been added. Laundry facility updated and produces income. Current owner has management/tenant onsite to handle rents and repairs.

Property is located at the intersection of Holston Hills and Chilhowee School. Corner lot with ample parking. Great presence in the neighborhood. Property has been well maintained and managed.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knoxville
Tax ID/APN: 071JE018
Zoning: MULTI-FAMILY 20+
Percent Occupied: 100%
Property Located Between: Chilhowee Elementary and Exit 394, I-40
Airports: TYS (Knoxville-McGhee Tyson)
Site Description: Level lot, well maintained landscaping, paved parking
Area Description: Convenient to Interstate, schools, shopping, quiet neighborhood
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1960
Year Renovated: 1990
Construction/Siding: Brick
Exterior Description: All brick, covered patio and porch, external stairs
Parking Type: Surface
Laundry: Shared
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit, Window Unit
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,304 31,139 101,347
Median Age: 43.29 40.52 36.62
Households: 2,323 13,526 41,421

Contact

Photograph of Listing Agent

Alan Cottrell

Keller Williams KAAR CIE Member
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