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%

View FullscreenMap

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
© 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.