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You can
add space
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Contact info

• 865-246-1331 [Office] 

Description

This is a great rental in the heart of what is a very stable rental market. There is consistent demand from the University of Tennessee, and the property is in good condition. While we highly encourage all buyers to do their own due-diligence, this property is a great first investment, or another great rental property to add to your portfolio. This property is currently producing an annual rent of $44,280.00 dollars, and is fully leased for the 2012/2013 school year. Lease's are on a 12 month rotation and most are combined with parental guarantees on the rent. The Net Operating Income for the property is currently $34,546.00 annually; making this property better than a 10% cap. rate at its listing price. A good opportunity that shouldn't last long!! Come take a look!! Building price details: $339,900.

Property Details

• Type: Multifamily
• Use Types:Low-Rise/Garden, Student Housing
• Status: Available
• Year Built: 1920
• MSA: Knoxville
• Zoning: R-3,NC-1
• Buildings: 1

Terms

• Cash to Seller 

Map Locations