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

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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


Photograph of Listing Agent

Tera Stanton

Keller Williams KAAR CIE Member
Photograph of Listing Agent

David Edens

Keller Williams KAAR CIE Member
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