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

Attachments & Media


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

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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


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