8 unit rentals
Multi-Family
for Sale
| Catylist Listing ID: |
30817367 |
| Property Subtypes: |
Duplex/Fourplex
|
| Number of Units: |
8 Units |
| Building Size (RSF): |
2,912 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$950,000 |
| Unit Price: |
$118,750 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
1/30/2023 |
Overview / Comments
|
2-Fourplexes totalling 8 units on 2 seperate parcels. The 420 Cherokee Heights address will be units 420,422, 424, and 426. The 430 Cherokee Heights Address is units 430, 432, 434, and 436. The units are fully leased. Financials are available upon request with a NDA.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Blount |
| Tax ID/APN: |
00506603949 |
| Highway Access: |
Hwy 321 |
| Airports: |
McGhee Tyson |
| Site Description: |
Two parcels with a fourplex on each parcel. Units are upper and lower level. All units have a driveway and a carport. No stairs needed for the tenants |
| Roof Type: |
Hip |
| Parking Type: |
Other |
| Parking Description: |
Carport and driveway at each unit. |
| Total Parking Spaces: |
8 |
| Laundry: |
In Each Unit |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Fuel: |
Electric |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable, DSL, Fiber Optic |
| Interior Description: |
7 units have not been updated. They have brown paneling, but are in good, very well maintained condition.1 unit has been updated. 2BR, 1 Ba, living room, kitchen and laundry. |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,328 |
32,602 |
68,255 |
| Median Age: |
40.92 |
39.5 |
40.42 |
| Households: |
1,763 |
12,823 |
27,287 |
|
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