Must See- Solid brick 5 unit building conveniently located in the heart of Knoxville. Perfect for an investor looking for a great cash flow, appreciation play, or long term value add opportunity. 3/5 units occupied. 2 of the 3 occupied units have been renovated and placed with new tenants. Both vacant units will need cosmetic upgrades to attain prime market rent. Tenants pay Electric and Gas as both are split. Tenants pay RUBS for Water/Sewage. Owner pays common gas, electric, and a portion of water/sewage. All units are 2 Bedroom, 1 Bathroom, Living Room, and Kitchen. All units have small decks in the rear with egress to ground level. Full basement. 6 Gas Meters, 6 Electric Meters- 1 Main Panel with 5 Subpanels- 1 for Each Unit. 6 Hot Water Tanks, 5 Furnaces, New roof 2018. On street parking. Turn-key cash flow opportunity within close proximity to the city. Professionally managed. This is a rare find, ideal for any investment portfolio!
Courtesy of: HOWARD HANNA REAL ESTATE SERVICES Information provided here is deemed reliable but is not guaranteed and should be verified independently. The data relating to real estate for sale on this website comes from the Internet Data Exchange program of West Penn Multi-List. Updated: 20th March, 2023 7:21 PM (UTC)