Well-located 7-unit multifamily opportunity in North Knoxville, recently taken over following foreclosure and management transition. Current ownership has completed roster cleanup, implemented a revised rent structure that includes a built-in water/sewer offset, and is actively refilling vacant units.
All units are operated as long-term rentals; no short-term rental income is assumed or required. This asset is best suited for a hands-on owner-operator seeking to complete lease-up and maximize cash flow through self-management and operational efficiency.
Utilities are individually metered where applicable, with owner covering common utilities and water/sewer. Income and expense figures reflect projected stabilized operations based on market-supported rents. Buyer to verify all information and perform independent due diligence.
Located just minutes from Downtown Knoxville, UT, major employers, and local entertainment districts.
Property built before 1978 may contain lead-based paint.
Zoned RN-4
293 days
|
319
|
6
|
Zillow last checked:
Listing updated:
Listed by:
Christy CJ Pace,
Pace Probity Asset Management865-357-1537
Source: East Tennessee Realtors,MLS#: 1319536
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 7
Heating
Central, Electric
Cooling
Central Air, Ceiling Fan(s)
Appliances
Included: Range, Refrigerator
Features
Flooring: Hardwood, Vinyl
Interior area
Total structure area: 5,626
Total interior livable area: 5,626 sqft
Property
Parking
Parking features: On Street, Off Street, On Premise Parking