Catylist ID:
#30859416
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 Expenses: $877/mo (Taxes & Insurance) $250/mo (Water) $68.90 (Waste and Trash) $50/mo (Lawn during warm weather months) |
Financials
| Finance Data Year | 2023 |
|---|---|
| Real Estate Taxes - Annual($) | $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 |
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 |
| © 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. |
