Catylist ID:
#30792743
Development Opportunity With Existing 6-Plex and 2 Houses
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30792743 |
| Status: | Pending/Contingent |
| Number of Units: | 8 Units |
| Building Size (RSF): | 6,084 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $739,000 |
| Unit Price: | $92,375 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Other |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/23/2022 |
Overview / Comments
|
Value-Add, 6-Unit Maintenance Free Apartment building with 2 Freestanding homes. Property is zoned for an additional 36 units. Build on existing 3 or 6 planned lots for planned 6-Plexs. Property is zoned RN-4. All municipal services connected. 100% leased with excellent rental history. Owner hasn't experienced any rental loss since ownership. Highly sought-after affordable rents. Very convenient to Hwy I-640/I-40 and Broadway. Shopping, retail, services all close to property. 6-Plex contains four 2BR/1B (902SF) and two 1BR/Studio (320SF). Contact Mike or Suzanne Fuller for financials. Excellent rental history and convenient to downtown and the new Amazon facility. |
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Zoning: | RN4 F |
| Total Number of Buildings: | 3 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,831 | 66,965 | 149,766 |
| Median Age: | 37.02 | 38.27 | 35.8 |
| Households: | 2,662 | 29,683 | 62,494 |
Contact
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