Jersey Ave

Multi-Family for Sale
Catylist Listing ID: 30808027
Number of Units: 6 Units
Building Size (RSF): 10,500 SF
Gross Land Area: 15,055 SF
Sale Price: $2,400,000
Unit Price: $400,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Average Occupancy Rate: 97
Last Updated: 11/22/2022

Overview / Comments

Three year old 6-plex with 3 bedroom/3.5 bathroom per unit. Upscale finishes. Located convenient to downtown and University campus. On site parking at your front door. In good condition. Ideal for investor looking for low maintenance, quality product.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $19,288 (Annual)
Potential Rental Income $153,000 (Annual)
Gross Operating Income $153,000 (Annual)
Net Operating Income $122,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville and Knox County
Tax ID/APN: 108BE034
Zoning: RN-6
Percent Occupied: 100%
Property Located Between: Sutherland and Kingston Pike off Concord
Highway Access: Minutes to Alcoa Hwy and Interstate
Airports: 15 minutes to McGhee Tyson Airport
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 2019
Roof Type: Gable
Construction/Siding: Wood Frame
Parking Type: Surface
Total Parking Spaces: 14
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Lot Frontage: 126'
Lot Depth: 120'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,450 75,415 161,037
Median Age: 24.14 30.98 34.88
Households: 2,857 30,699 68,697
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