11 Unit Residential Rental
Multi-Family
for Sale
| Catylist Listing ID: |
30838113 |
| Property Subtypes: |
Low-Rise/Garden
|
| Number of Units: |
11 Units |
| Building Size (RSF): |
7,012 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.50 Acres
|
| Sale Price: |
$679,900 |
| Unit Price: |
$61,809.09 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
11/25/2023 |
Overview / Comments
|
The property consists of 1.5 acres. It currently has 11 units, all of which are rented. Up front is a duplex with two units in it, each are 2/1. The long building in the back has 9 units. 3 units are 2/2, 6 units are 1/1. Some of the units have central heat/air, some window units, some use floor heaters. All units have their own hookups, water, sewer, and electricity, paid by the tenant. The house/duplex has one water meter (Paid by landlord) but the electric is separate meters, paid by the tenants. Each unit has stove and refrigerator. Trash is picked up by the city, which is included in the taxes. There is room for additional construction at the front of the property.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$2,634 (Annual) |
| Gross Operating Income |
$64,040 (Annual) |
| Net Operating Income |
$56,225 (Annual) |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Roane |
| Taxing Authority: |
Rockwood City |
| Tax ID/APN: |
073064C A 00100 |
| Percent Occupied: |
100% |
| Property Located Between: |
Nelson st and Tarwater St |
| Highway Access: |
US Hwy 27 |
| Total Number of Buildings: |
2 |
| Property Condition: |
Good |
| Number of Stories: |
1 |
| Year Built: |
1953 |
| Year Renovated: |
2018 |
| Parking Type: |
Surface |
| Total Parking Spaces: |
30 |
| Laundry: |
Laundromat Nearby |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Baseboard, Central, Wall Units |
| Fuel: |
Gas, Electric |
| Air Conditioning: |
Package Unit, Window Unit |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
064C A 001.00 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,556 |
7,654 |
10,805 |
| Median Age: |
44.16 |
45 |
45.72 |
| Households: |
1,052 |
3,179 |
4,466 |
|
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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.
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