Catylist ID:
#30815183
11 Units Single-Family Rental Portfolio - East Knoxville
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30815183 |
| Status: | Pending/Contingent |
| Number of Units: | 11 Units |
| Building Size (RSF): | 12,252 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,533,000 |
| Unit Price: | $139,363.64 Per Unit |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Last Updated: | 5/8/2023 |
Overview / Comments
|
Rare opportunity to acquire 11 single-family rentals located near downtown Knoxville, Tennessee. This offering is part of the disposition of a larger portfolio. These homes are being offered in groups of 5-15 homes each based on location and similarity. Groups will not be split or reconfigured. This portfolio assembled and managed over 40 years by a hands-on investor. W.A. Greene grew up and worked near downtown Knoxville and spent his adult life selectively acquiring homes in this area with an eye for location, condition, and renter appeal. Homes in great condition, many with new roofs, HVAC, utilities, and generally well kept, all with clean title. Upside with below-market rents and flip opportunities with existing income in place. Many of these homes could be flipped for immediate profit. New Minor League Baseball stadium and other redevelopment nearby is leading the way for a frenzy of investment and rising property values. Knoxville, Tennessee is a vibrant, growing mountain town in East Tennessee with a historic downtown and excellent quality of life. Home to the University of Tennessee, Oak Ridge National Lab/DOE Installation and the Pellissippi Technology Corridor,, and corporate headquarters of major companies such as Discovery Networks, Regal Cinemas, Clayton Homes, Pilot Travel Centers, Sea Ray Boats and many others. Opportunity to retain existing management. All leases are beyond their initial 1-year terms allowing flexibility to flip or bring rents up to market. One unit has been recently vacated but left vacant to allow buyer maximum flexibility. All groups are offered as commercial/investment property, as-is, where-is, no repairs, no representations, no warranties, no disclosures. Seller has never occupied the properties. These properties are held in a trust, and requiring all contracts be submitted using the form PSA which has been reviewed and approved by the Trust's attorney (Form PSA available in the document section). 3600 Lilac Ave Knoxville TN 37914-4753 3518 Lansing Ave Knoxville TN 37914-4747 301 S Castle St Knoxville TN 37914-4633 3123 Ashland Ave Knoxville TN 37914-4618 3217 Ashland Ave Knoxville TN 37914-4657 3334 Ashland Ave Knoxville TN 37914-4033 3116 Linden Ave Knoxville TN 37914-4537 2912 Martin Luther King Jr Ave Knoxville TN 37914-4613 2815 Linden Ave Knoxville TN 37914-4508 2575 Parkview Ave Knoxville TN 37914-5333 2559 Parkview Ave Knoxville TN 37914-5333 |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Tax ID/APN: | 082FF013 |
| Percent Occupied: | 91% |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 8,275 | 64,717 | 140,642 |
| Median Age: | 39.17 | 35.44 | 35.32 |
| Households: | 3,590 | 26,835 | 58,848 |
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