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 |
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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