21 Units - Pocahontas Drive - Knoxville
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30857836 |
| Property Subtypes: |
Low-Rise/Garden
|
| Status: |
Pending |
| Number of Units: |
21 Units |
| Building Size (RSF): |
15,750 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,995,000 |
| Unit Price: |
$95,000 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/29/2023 |
Overview / Comments
|
5211 - 5251 Pocahontas Drive consists of 21 units total. All units are modular units on foundation consisting of 2 bedrooms and 1 bathroom. Each unit is currently occupied and is between 700 - 800 square feet. Many units have recently been renovated with new flooring, kitchen cabinets, gutters, HVACs, and bathroom vanities. The property was recently rent-restricted, but is now able to go to market rent. Current rents are $300-$400 below market. This property is located within 2 miles of Holston Hills Country Club and just 10 minutes east of downtown.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
071GC005 |
| Zoning: |
RN-3 |
| Percent Occupied: |
100% |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,304 |
31,066 |
103,514 |
| Median Age: |
43.29 |
40.65 |
36 |
| Households: |
2,323 |
13,541 |
42,246 |
|
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