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

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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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