Duplex

Multi-Family for Sale
Catylist Listing ID: 30589055
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,800 SF
Sale Price: $85,999
Unit Price: $42,999.50 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: 720 Chilhowee
Usable Size (USF): 2,800 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 13.0%
Average Occupancy Rate: 90
Last Updated: 3/26/2020

Overview / Comments

Do not disturb tenants. many upgrades. all appliances convey. washer and dryer in both units. Upper unit 3 bedroom and 1 bath. Lower 4 bedroom 1 bath. both have full kitchens. With full price offer seller will give a 5k allowance toward any additional fixes. It has a carport and shed. parking in front and rear. Plumbing has been fixed in both units. Sold as is. both units have 2 entrances and exits. Owner Agent

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Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $499.80 (Annual)
Tax Value Land $13,600
Tax Value Improvements $49,400
Assessed Value - Total($) $54,400 (Annual)
Potential Rental Income $1,500 (Annual)
Gross Operating Income $17,100 (Annual)
Net Operating Income $16,245 (Annual)
Actual or Proforma Year Actual
Interest Rate (APR) 5.50
Amortization Period 20 years

Additional Details

Nearest MSA: Knoxville
County: Roane
Tax ID/APN: 073026C G 02100
Zoning: R-1
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1935
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Ratio: 6 (per 1000 SF)
Parking Type: Other
Parking Description: parking for upper unit in front parking for lower unit in rear
Total Parking Spaces: 8
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Wall Units
Fuel: Gas
Air Conditioning: Window Unit
Interior Description: hardwood upstairs, vinyl and carpet downstairs
Zoning Description: R1 allows for duplex
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,146 8,269 17,607
Median Age: 43.46 43.38 42.99
Households: 972 3,440 7,282

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