11 Units Single-Family Rental Portfolio - East Knoxville

Multi-Family for Sale
Catylist Listing ID: 30815183
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: 9/28/2022

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

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 082FF013
Percent Occupied: 91%

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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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