12 Units in a Quiet Maryville Location - 1st Time on Market

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30217485
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 12 Units
Building Size (RSF): 6,720 SF
Gross Building Area: See Agent
Gross Land Area: 1.16 Acres
Sale Price: $395,000
Unit Price: $32,916.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.64%
Gross Rent Multiplier: 8.49
Last Updated: 5/23/2018

Overview / Comments

QUIET MARYVILLE LOCATION, OFF TUCKALEECHEE PIKE. FIRST TIME ON MARKET! Built by this Sellers father, this complex has been well cared for & it shows. Tenants are very longterm. Property lies well on over an acre with plenty of parking. New roof installed after the 2011 hail storm. The complex features 12-one bedroom units in a scenic rural setting. No city property taxes - county only. Property has city water and 3 septic tanks. Square footage is from from tax records, is not guaranteed and should be verified by buyer.
No sign on the property. All showings by appointment. Please don't disturb the residents.

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 058L A 038.03
Percent Occupied: 92%
Number of Stories: 2
Year Built: 1965
Construction/Siding: Block
Parking Type: Surface
Heat Type: Electricity
Heat Source: Baseboard
Air Conditioning: Window Unit
Water Service: Municipal
Sewer Type: Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,114 30,860 62,210
Median Age: 47.18 39.79 40.69
Households: 1,695 12,030 24,856
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.