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Contact info

• 865-247-7809 [Office] 

Description

Brand New Roof & Gutters! Typically 95-100% occupancy. Cap Rate 13.3% in 2011; 9.7% actual 2010 during difficult year. Only $27,500 per unit. Download complete property package: http://dl.dropbox.com/u/15996566/Pkg_Citrus_St_Apts.pdf 20-units in 5 quadplexes (8) 2-BR and (12) 1-BR. Just 1/2 mile to I-40 off Cherry St. These apartments stay full due to location: there are many industrial jobs in the immediate area and it is just 1/2 block to KAT Bus route 30 and 1/2 mile to I-40. Units have stoves and refrigerators. All-electric units are separately metered and paid by tenant. Each apartment has an A/C unit and heat is supplied by ceil-heat or baseboard. No sign on the property. Please don't disturb the residents. All showings are by appointment with the listing agent. Building price details: $550,000.

Property Details

• Building Name:Citrus Apartments
• Type: Multifamily
• Use Types:Low-Rise/Garden
• Status: Available
• Year Built: 1979
• MSA: Knoxville
• Zoning: R-2
• Buildings: 5
• Broadband Internet: Cable, DSL
• ConstructionBrick, Concrete, Wood Frame, Wood Siding

Exterior Features

• Parking: Yes
• Parking Spaces: 40
• Parking Type: Surface

Terms

• Cash to Seller 

Map Locations