Catylist ID:
#30701077
| Catylist Listing ID: | 30701077 |
| Property Subtypes: | Low-Rise/Garden |
| Status: | Pending/Contingent |
| Number of Units: | 12 Units |
| Building Size (RSF): | 9,696 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.56 Acres |
| Sale Price: | $950,000 |
| Unit Price: | $79,166.67 Per Unit |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 2/2/2021 |
Overview / Comments
|
Great investment in South Knoxville, less than ten minutes from Downtown and the University of Tennessee! Eight out of twelve units have been recently renovated and quickly leased at an increase of $300 per unit. Four original units remain, allowing an investor to continue cosmetic renovations and increase rent. Ten out of twelve units are occupied with more move-ins expected soon. The sewer line was recently replaced and the roof is in good condition. The residents pay their own electric while the landlord pays water and sewer. - Value-add - In Opportunity Zone - Brick Building - Recent Renovations - Near Downtown and University of Tennessee |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Tax ID/APN: | 123HN01001 |
| Percent Occupied: | 84% |
| Total Number of Buildings: | 1 |
| Property Condition: | Good |
| Number of Stories: | 2 |
| Year Built: | 1973 |
| Year Renovated: | 2021 |
| Parking Type: | Surface |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,644 | 53,342 | 111,371 |
| Median Age: | 31.29 | 31.45 | 34.23 |
| Households: | 1,521 | 20,887 | 46,109 |
Contact
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