Six 1BR/1BA (100% occupied) Seller Financing available

Multi-Family for Sale
Catylist Listing ID: 30859416
Property Subtypes: Duplex/Fourplex
Number of Units: 6 Units
Building Size (RSF): 3,234 SF
Gross Building Area: 14,669 SF
Sale Price: $625,000
Unit Price: $104,166.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 12/8/2023

Overview / Comments

Six 1/BR/1BA units 100% occupied! Great investment and opportunity for all investors especially those needing to reinvest 1031 exchange profits. Multifamily properties are attractive to investors of all experience levels so act fast! Amazing location near Broadway and located within close proximity to Interstate.
$4917/Month in rent collected
Seller is amenable to seller financing arrangements
$877/mo (Taxes & Insurance)
$250/mo (Water)
$68.90 (Waste and Trash)
$50/mo (Lawn during warm weather months)


Finance Data Year 2023
Real Estate Taxes - Annual($) $6,297 (Annual)
Gross Operating Income $54,600 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox
Tax ID/APN: 058LF018
Zoning: RN-3
Percent Occupied: 100%
Property Located Between: Jacksboro Pike and Broadway
Airports: McGee Tyson (19 miles away)
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1968
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 1 Parking spot per unit
Total Parking Spaces: 6
Sprinklers: None
Heat Type: Space Heaters, Other
Heat Source: Other
Fuel: Electric
Air Conditioning: Window Unit
Interior Description: (6) 575 SF units, 1 Bedroom 1 Bathroom each
Zoning Description: RN-3
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Subdivision: Roy W Rule Prop

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,034 63,631 152,802
Median Age: 38.96 38.36 36.92
Households: 3,649 28,002 65,006
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