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: $617,000
Unit Price: $36,294.12 Per Unit
Property Use Type: Investment
Building Name: Springdale Apartments
Sale Terms: Cash to Seller
Cap Rate: 6.25%
Average Occupancy Rate: 95
Last Updated: 2/20/2018

Overview / Comments

Priced To Sell. Nice North Knoxville Location and Brick Construction - This 17 Unit Has It All. Professionally maintained and managed, this Whittle Springs complex offers a nice mix of unit floor plans. Amenities include central HVAC and coin-op laundry room. Eleven units have been remodeled over last two years with fresh paint and flooring. 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
Number of Stories: 2
Year Built: 1970
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Laundry: Shared
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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