8 Bedroom Rental House - Walk to UT Campus

Multi-Family for Sale
Catylist Listing ID: 30294435
Property Subtypes: Low-Rise/Garden, Student Housing, Other
Number of Units: 8 Units
Building Size (RSF): 2,400 SF
Gross Building Area: See Agent
Gross Land Area: 4,880 SF
Sale Price: $415,000
Unit Price: $51,875 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 9/18/2018

Overview / Comments

8 BEDROOM RENTAL HOUSE - IN A GREAT FORT SANDERS LOCATION - WALK TO UT CAMPUS! 2202 Laurel available as well. 2200 is fully leased for the 2018 upcoming school rental term, a shortage of whole house rentals near the University of Tennessee main campus at Knoxville makes for a strong rental history and a bright future. Plus the tenants pay all the utilities including water and sewer charges. Square footage is from tax records, is not guaranteed, and should be verified by buyer.
Exit Alcoa Hwy at Kingston Pike & turn toward downtown onto Cumberland Ave. Turn left on 22nd Street. Property is at the SW corner of Laurel Ave & 22nd St.

Financials

Finance Data Year 2018
Gross Operating Income $37,800 (Annual)
Net Operating Income $30,991 (Annual)
Actual or Proforma Year Proforma
Lender Name New loan
Loan Amount $332,000
Down Payment $83,000
Annual Debt Service $26,293 (Annual)
Interest Rate (APR) 5
Amortization Period 20 years

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 108CA007

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,613 81,477 162,684
Median Age: 21.59 31.68 34.97
Households: 3,663 33,389 69,564
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.