21 Renovated Units - Fully Rented - Opportunity Zone

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30478930
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 21 Units
Building Size (RSF): 12,760 SF
Gross Building Area: See Agent
Gross Land Area: 12,549 SF
Sale Price: $1,600,000
Unit Price: $76,190.48 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 11/13/2019

Overview / Comments

21 Units On 2 Lots - Opportunity Zone - Renovated - 10 Minutes to Downtown & UTK Campus. Ideally located to attract students and young professionals with microbreweries, restaurants and greenway access in the adjacent hot Broadway/North Central corridor, these apartments also offer convenience to Hall of Fame Drive and Interstate 40. Fully rented, this excellent investment opportunity has recent upgrades including new roofs, gutters and windows, fresh HVAC systems and all new kitchen cabinetry and appliances. Additionally there is an onsite laundry facility for tenant use. Sq footage is from sources deemed reliable but not guaranteed & should be verified by buyer. All showings by appointment with list agent.
Take I-40 to Hall of Fame Dr. Turn right on Hall of Fame towards downtown. Take the first right onto N 4th Ave. Property is immediately on the left. No sign. Please don't disturb the residents.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 082PA020 & 082PA021
Percent Occupied: 100%
Total Number of Buildings: 2
Year Built: 1915
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Stone
Parking Type: Surface
Laundry: Shared

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,427 89,605 149,778
Median Age: 35.29 32.9 34.82
Households: 4,564 37,053 64,060
The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.