Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30643020
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 18 Units
Building Size (RSF): 12,090 SF
Gross Building Area: See Agent
Sale Price: $1,265,000
Unit Price: $70,277.78 Per Unit
Property Use Type: Investment
Building Name: Madison Square Apartments
Sale Terms: Cash to Seller
Cap Rate: 6.42%
Average Occupancy Rate: 95
Last Updated: 8/31/2020

Overview / Comments

Fountain City is a highly desirable suburb just North of downtown Knoxville with all the amenities that tenants look for - convenient shopping & good eats such as Panera, Salsaritas and Chick Fil A just to name a few. Just 10 minutes from the University of Tennessee campus plus excellent interstate access to both I-40 an I-75. Located on a corner lot with loads of privacy and plenty of parking. This rare offering won't last long.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 058FA056
Percent Occupied: 90%
Property Condition: Good
Number of Stories: 3
Year Built: 1978
Year Renovated: 2019
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: All brick construction
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Other
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,141 65,277 144,277
Median Age: 40.91 38.49 37.3
Households: 3,339 28,714 61,020


Photograph of Listing Agent

Solange Velas, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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