West Knox Duplex

Multi-Family for Sale
Catylist Listing ID: 30459228
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,920 SF
Gross Building Area: See Agent
Gross Land Area: 0.51 Acres
Sale Price: $165,000
Unit Price: $82,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/12/2019

Overview / Comments

West Knox brick duplex on half acre, 100% occupied just off Middlebrook Pike on Piney Grove Church Rd. Each unit is 2 bedrooms, 1 bath with individual metering for electric & water. Each unit has own driveway, fenced back yard and washer/dryer connections. Unit #1100 has current one-year lease through 11/30/19 and unit #1102 is a twelve-year tenant on month-to-month terms. Both units are currently rented for $650/month. Good upside potential exists with future rent increase and renovations.

List price based on $165,000 appraisal from 10/29/2018 that is in file.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $2,411 (Annual)
Gross Operating Income $15,600 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 106JC004
Zoning: R-1A
Percent Occupied: 100%
Site Description: Property has good presence, sits on level half-acre lot and is a quarter mile from Middlebrook Pike.
Area Description: Just off Middlebrook Pike, about 2 miles from West Town Mall. From Middlebrook Pike, go north on Piney Grove Church Rd for .25 (quarter) mile and property on right as road curves left.
Total Number of Buildings: 1
Year Built: 1970
Roof Type: Other
Construction/Siding: Brick
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,826 71,933 153,068
Median Age: 36.2 35.95 37.23
Households: 5,379 32,216 66,112
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