Remodeled House & Apartment with Cash Flow
Multi-Family
for Sale
| Catylist Listing ID: |
30838194 |
| Property Subtypes: |
Duplex/Fourplex
|
| Number of Units: |
2 Units |
| Building Size (RSF): |
1,400 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$319,900 |
| Unit Price: |
$159,950 Per Unit |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
97 |
| Last Updated: |
11/22/2023 |
Overview / Comments
|
So much opportunity. Buy a rental and make massive cash flow. Buy to live in one and rent the other. Could be a home with a detached office as well. The house in front is 2 bedrooms, 2 full bathrooms. Both tenants just moved out and the property was updated. There are new windows, newer siding, fresh paint, new LVP floors, remodeled bathroom and kitchen, and so much more. There is a driveway from Atlantic to the carport behind the house. The 1 bedroom 1 bathroom apartment has new LVP floors, fresh paint, new kitchen, and more. There is an alley to a parking area behind the apartment. Rent is estimated at $1700 on the house and $1000 for the apartment per Zillow and other sources. The apartment is separately metered. O/A
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$2,265 (Annual) |
| Potential Rental Income |
$32,400 (Annual) |
| Actual or Proforma Year |
Proforma |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
081BD051 |
| Percent Occupied: |
0% |
| Total Number of Buildings: |
2 |
| Property Condition: |
Good |
| Construction/Siding: |
Vinyl Siding |
| Laundry: |
In Each Unit |
| Heat Type: |
Electricity, Natural Gas |
| Heat Source: |
Central, Wall Units |
| Fuel: |
Gas, Electric |
| Air Conditioning: |
Package Unit, Other |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,068 |
92,535 |
175,805 |
| Median Age: |
31.47 |
33.19 |
34.67 |
| Households: |
3,952 |
39,434 |
74,780 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither East Tennessee Realtors nor
Moody's assume any liability for errors or omissions.
|
