100% Fully Occupied Investment Single Family Rental Portfolio

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30663867
Status: Pending
Number of Units: 8 Units
Building Size (RSF): 7,689 SF
Gross Building Area: See Agent
Sale Price: $384,900
Unit Price: $48,112.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: 9.56%
Average Occupancy Rate: 100
Last Updated: 11/24/2020

Overview / Comments

INVESTORS LOOK! 100% OCCUPIED! FIRST TIME OFFERED FOR SALE!!! 8 SINGLE FAMILY HOMES EXCELLENT RENTAL HISTORY. 7 OF THE UNITS ARE LOCATED WITHIN 1/4 OF EACH OTHER. THE REMAINING PREMIUM RENTAL IS IN A HIGHLY DESIRABLE LOCATION OFF OF TAZEWELL PIKE.
PROFESSIONALLY MANAGED! OFFERED AS A PORTFOLIO.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville
Tax ID/APN: 094IB 002, 094ID 026, 094IB 010, 094 IA 008, 059 HA 014
Zoning: RESIDENTIAL SINGLE FAMILY
Percent Occupied: 100%
Property Located Between: Liberty Middlebrook and University and Middlebrook
Area Description: 7 units are located just off Middlebrook Pike near Liberty Street. The remaining unit is located off Tazewell Pike. Growing areas with homes being improved in the area and strong demand for rentals.
Total Number of Buildings: 8
Property Condition: Fair
Number of Stories: 1
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: Homes are a mix of wood and vinyl siding.
Laundry: In Each Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,227 84,292 183,769
Median Age: 29.08 31.85 35.17
Households: 2,859 34,301 79,011

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