16 UNITS KINGSTON ALL 2 BEDROOMS VALUE ADD OPPORTUNITY

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30779467
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 16 Units
Building Size (RSF): 14,560 SF
Gross Building Area: See Agent
Gross Land Area: 42,300 SF
Sale Price: $1,440,000
Unit Price: $90,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 12/24/2021

Overview / Comments

INCREDIBLE VALUE ADD OPPORTUNITY! ALL 2 BDRMS, BRICK, BUILT 1982, TENANTS PAY ALL UTILITIES.
16-2Bdrm 1 ba units on 4 separate lots. Great floorplans. $36,000/year upside. Units have centrral hvac, washer/dryer connections, eat-in kitchens, dishwashers & ample storage. Current owner has begun the process of upgrading units as they become vacant with all new kitchens and bathrooms, redone plumbing including new water heaters, LVT flooring throughout, new doors. 5 units have been completedy lifted. 4 units are vacant and available for a new owner to complete their upgrades. Upon remodel completions, redone units are now renting for $850-$900.

Additional Details

Nearest MSA: Knoxville
County: Roane
Tax ID/APN: 073058N H 02400
Total Number of Buildings: 4
Property Condition: Average
Number of Stories: 2
Year Built: 1982
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,115 8,802 19,836
Median Age: 43.56 44.13 44.89
Households: 969 3,752 8,339

Contact

Photograph of Listing Agent

Solange Velas, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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