10 Bedroom Rental House - Univ of TN Walking Distance

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30322216
Property Subtypes: Low-Rise/Garden, Student Housing
Status: Pending
Number of Units: 10 Units
Building Size (RSF): 1,643 SF
Gross Building Area: See Agent
Gross Land Area: 6,842 SF
Sale Price: $499,500
Unit Price: $49,950 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.83%
Last Updated: 11/13/2018

Overview / Comments

10 BEDROOM RENTAL HOUSE - IN A GREAT FORT SANDERS LOCATION - WALK TO UT CAMPUS! Several other similar properties on Laurel, HIghland Ave & Forest Ave are available as well from the same seller & can be bought as a package or individually. The property is is fully leased for the upcoming school rental term. With a shortage of whole house rentals near UT Knoxville main campus, this location makes for a strong rental history and a bright future. Plus the tenants pay all the utilities including water and sewer charges. Washer and dryer included - convey with the sale. 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 the third house on the left from the corner of Laurel Ave & 22nd St.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 108CA006
Year Built: 1925
Heat Type: Electricity
Heat Source: Central
Fuel: Electric

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,613 82,832 162,684
Median Age: 21.59 31.65 34.97
Households: 3,663 34,046 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.