17 All Brick Units North Knoxville

Multi-Family for Sale
Catylist Listing ID: 30181253
Property Subtypes: Low-Rise/Garden
Number of Units: 17 Units
Building Size (RSF): 12,665 SF
Gross Land Area: 34,000 SF
Sale Price: $619,000
Unit Price: $36,411.76 Per Unit
Property Use Type: Investment
Building Name: Springdale Apartments
Sale Terms: Cash to Seller
Cap Rate: 6.68%
Average Occupancy Rate: 95
Gross Rent Multiplier: 6.61
Last Updated: 11/28/2017

Overview / Comments

Priced To Sell. Nice North Knoxville Location and Brick Construction - This 17 Unit Has It All. Carefully maintained and managed, this Whittle Springs complex offers a nice mix of unit floor plans. Amenities include central HVAC and coin-op laundry room. Plenty of rental upside. Square footage is from tax records, is not guaranteed, and should be verified by Buyer.
Take I-40 to I-640 and take the Broadway Exit. Turn right on Broadway and immediately left on Mineral Springs Rd. Take the sharp right curve - the road becomes Whittle Springs. Property is on the right. Please do not disturb the tenants.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 070PB006
Total Number of Buildings: 2
Property Condition: Average
Year Built: 1970
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,450 76,252 159,375
Median Age: 41.05 36.6 35.36
Households: 4,569 34,320 66,824
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