Triplex on Large Lot
Multi-Family
for Sale
Sale Pending
Also listed as Vacant Land
| Catylist Listing ID: |
30841785 |
| Property Subtypes: |
Duplex/Fourplex
|
| Status: |
Pending |
| Number of Units: |
3 Units |
| Building Size (RSF): |
1,921 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.62 Acres
|
| Sale Price: |
$265,000 |
| Unit Price: |
$88,333.33 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/11/2023 |
Overview / Comments
|
Located in the Inskip neighborhood with easy access to Central Ave Pike, Merchant Dr & I-75. Great for owner occupant, investor, or redevelopment! This large lot provides ample opportunity for ~10+ units similar to the two neighboring complexes. Current tenants are month to month.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$3,202 (Annual) |
| Tax Value Land |
$59,700 |
| Tax Value Improvements |
$156,100 |
| Assessed Value - Total($) |
$215,800 (Annual) |
| Potential Rental Income |
$27,600 (Annual) |
| Gross Operating Income |
$27,600 (Annual) |
| Net Operating Income |
$19,236 (Annual) |
| Actual or Proforma Year |
Proforma |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Taxing Authority: |
City of Knoxville |
| Tax ID/APN: |
068LG042 |
| Zoning: |
RN-5 |
| Percent Occupied: |
100% |
| Property Located Between: |
Inskip Dr & Central Ave Pike |
| Highway Access: |
Central Ave Pike |
| Airports: |
TYS |
| Site Description: |
Level lot with triplex situated near the front. |
| Total Number of Buildings: |
1 |
| Property Condition: |
Fair |
| Number of Stories: |
2 |
| Year Built: |
1930 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Exterior Description: |
Vinyl Siding with concrete porch |
| Parking Type: |
Surface |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central, Wall Units |
| Fuel: |
Electric |
| Air Conditioning: |
Package Unit, Window Unit |
| Internet Access: |
Cable |
| Zoning Description: |
Medium density residential |
| Lot Frontage: |
146 |
| Lot Depth: |
221 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee Simple |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,332 |
71,346 |
181,679 |
| Median Age: |
35.64 |
35.84 |
34.93 |
| Households: |
3,514 |
31,401 |
76,090 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
|
