12-Unit Apartment in North Knoxville. (8) 2BR/1-Bath & (4) 3BR/2-Bath. Built in 2001. First time on market! $499,000 ($41,583/unit) 7.14% Cap Rate on pro forma Attractive property with brick & vinyl siding. Spacious units with good floor plans and washer/dryer connections Was a tax credit development. Eligible for tax credit rehab after 12/31/16 All current residents receive rent subsidy. New owner can continue or change to market rate as leases renew.
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