Multi-family one block from UT campus
Multi-Family
for Sale
| Catylist Listing ID: |
30861324 |
| Property Subtypes: |
Duplex/Fourplex, Student Housing
|
| Number of Units: |
2 Units |
| Building Size (RSF): |
2,400 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$899,000 |
| Unit Price: |
$449,500 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/16/2023 |
Overview / Comments
|
As the old real estate adage goes... location, location, location! You would be hard-pressed to locate a multi-unit rental much closer to campus than this. This two-unit, three-story house features 7 bedrooms, 2 kitchens, 3 bathrooms, and two laundry locations. Some recent upgrades (within past few months) include: one brand new HVAC system (there are two) and a brand new double-capacity hot water system. House has a ten-year history of 100% occupancy, and a lot of additional development opportunity. Sale includes all common-area furnishings, appliances, and washers/dryers.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
094NJ020 |
| Percent Occupied: |
100% |
| Year Renovated: |
1930 |
| Construction/Siding: |
Brick |
| Parking Type: |
Other |
| Laundry: |
In Each Unit |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Fuel: |
Gas |
| Air Conditioning: |
Package Unit |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
15,387 |
76,039 |
158,803 |
| Median Age: |
22.37 |
31.12 |
35.13 |
| Households: |
4,249 |
30,906 |
67,901 |
|
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