17-Unit Multifamily Portfolio

Multi-Family for Sale
Catylist Listing ID: 30643173
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden, Other
Number of Units: 17 Units
Building Size (RSF): 20,000 SF
Gross Building Area: See Agent
Sale Price: $1,250,000
Unit Price: $73,529.41 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/1/2020

Overview / Comments

SVN | Wood Properties is pleased to present this 17-unit, five property portfolio in Blount County, Tennessee. The seller purchased a bulk of the properties in 2018 and has since renovated 13 of the 17 units. However, with 4 units left to be renovated and several units below market rent, this portfolio gives a buyer a great value-add opportunity. This portfolio has performed very well with a current occupancy of 100% and historically low vacancy rates. The properties are located near major employers, local and national retailers, and McGhee Tyson airport.

- Value-add Opportunity
- 100% Occupied
- High-performing Portfolio
- Located in Booming Suburb of Knoxville

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: Multiple
Percent Occupied: 100%
Airports: McGhee Tyson Airport
Total Number of Buildings: 7
Property Condition: Good
Year Renovated: 2018

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,943 42,883 67,632
Median Age: 34.8 39.13 40.36
Households: 2,760 17,355 27,012

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