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464-496 E Red Bud Rd Multi
Knoxville TN 37920 US

$856,600real estate property listed by Realty Executives real estate property listing

Active Listing ID 1129853
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8,155 sqft
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Built in 1972
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Other

$856,600real estate property listed by Realty Executives real estate property listing

Active Listing ID 1129853
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464-496 E Red Bud Rd Multi CALLING INVESTORS! Fabulous opportunity to own the majority share of units in this South Knoxville Condo Complex. Super hot area minutes from Downtown and The University of Tennessee these rentals are NEVER empty. The Sokno area is hot & only getting hotter. Currently offered around 5% cap (using 2019 numbers), with 2020 projected earnings we would be at 6.6% cap. Market can easily bear rent increases. Potential cap minimum 7%. Fully occupied with qualified tenants. HOA in place with reserves. HOA dues are $120 per month per unit. Dues cover Water and Sewer, Insurance, Waste Removal and Grounds upkeep. Coin laundry and storage on site, Laundry equipment is negotiable. Meticulously maintained, slam dunk, turn key, smooth transition, money in the bank.

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Property Features

  • Facts
  • Built in: 1972
  • Property Type: MultiFamily
  • Property Sub-type: Other
  • Features
  • Cooling System: Central A/C
  • Exterior Finish: Block, Brick
  • Floor Covering: Laminate, Tile, Vinyl
  • Roof Type: Unknown
  • Heating Systems: Heat Pump
  • Additional Features
  • Patio
  • Wired
Listing Changed: 9/28/2020 5:43:28 PM GMT
Source Updated Date: 9/30/2020 6:30:06 AM GMT

Courtesy of: Sarah Latham, Realty Executives Advantage

Listing Source - ListHub

Copyright © 2020 Knoxville Area Association of Realtors ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.