6 Unit Apartment Building

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30777556
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 6 Units
Building Size (RSF): 8,400 SF
Gross Building Area: See Agent
Gross Land Area: 0.98 Acres
Sale Price: $799,000
Unit Price: $133,166.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/1/2022

Overview / Comments

All 6 units are townhome style. 3 Bd. 1.5 BA. Units have stove, dishwasher, refrigerator supplied by landlord and w&d hookups.

Property is in very good condition. HVAC units are all functioning and of various ages (several less than 5 years old). Roof new in 2009.

1 vacant unit (completely renovated) and owner lives in one unit.
All leases expire 12/31/2021. Owner willing to move out.

All current unit rents (most are $750.00/mo) are below market rent of $1,200-$1,300/month creating opportunity for new owners!

Note: Septic system is partially shared with Convenience Store next door. A service/repair agreement will be developed.

See attached supplied survey.

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 00508016602
Total Number of Buildings: 1
Property Condition: Excellent
Year Built: 2001

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,695 24,038 53,295
Median Age: 41.75 43.43 40.56
Households: 1,718 9,411 21,010


Photograph of Listing Agent

Daniel Monat

LeConte Realty, LLC KAAR CIE Member
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