12 Townhome Units North Hills/Whittle Springs Area

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30199030
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 12 Units
Building Size (RSF): 12,096 SF
Gross Land Area: 38,000 SF
Sale Price: $685,000
Unit Price: $57,083.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.01%
Average Occupancy Rate: 97
Gross Rent Multiplier: 7.59
Last Updated: 2/13/2018

Overview / Comments

Excellent Long Term Investment in the North Hills/Whittle Springs Area. These 12 attractive townhomes on two lots have it all! Situated in a park-like setting with private back yards, the property offers numerous features that residents enjoy. The amenities include central HVAC, washer/dryer connections, walk-in closets and pantries (in several units) with 2 designated parking spaces right at their door. This well planned complex also has individual utility meters. Recent upgrades include newer roofs, new water heaters, faux-wood vinyl plank flooring in several units as well as 4 recently replaced HVAC units. The complex enjoys close proximity to shopping, dining & easy interstate access. Square footage is from tax records, is not guaranteed & should be verified by buyer.
Take Broadway north from I-40. Turn right on Washington Pike and right again onto Bridalwood Drive. Property is on the left.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 070JG00102 & 070JG00103
Percent Occupied: 100%
Total Number of Buildings: 6
Property Condition: Good
Number of Stories: 2
Year Built: 1979
Roof Type: Gable
Parking Type: Surface
Parking Description: 2 spaces per unit
Total Parking Spaces: 24
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Spacious townhouse style units with eat in kitchens, generous storage, two bedrooms and 1.5 baths. Units have cent HVAC, dishwashers and washer/dryer connections in each unit plus rear patios.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,067 71,039 156,282
Median Age: 40.66 36.43 35.31
Households: 4,743 31,851 65,559
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