Description
Rare 5 Unit Rental Property just minutes from Downtown and UT. If you are looking for an investment opportunity, here it is! Currently rented units are on MTM leases. This property grossed over $35k in 2022 and is professionally managed; you can choose to relax and collect passive income or, if you prefer a hands-on experience, do the managing yourself and enjoy an even greater profit margin.Desirably located on a corner lot. Main-level units are large with high ceilings and offer both a front and rear entrance. Upstairs, residents enjoy a layer of extra privacy. The spacious one-bedroom basement apartment is currently vacant due to recent water damage. It willrequire some repair to bring it to its full potential. Estimates are available.The shed on site transfers with the property for extra storage. This property offers plenty of off-street parking. Utilities are included in the current rent and are next in line to split individually for each unit.Back on the Market, no fault of the Sellers or property. Buyer's financing fell through the day before closing.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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3,018SQFT
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$155$/SQFT
School Information
Description
Rare 5 Unit Rental Property just minutes from Downtown and UT. If you are looking for an investment opportunity, here it is! Currently rented units are on MTM leases. This property grossed over $35k in 2022 and is professionally managed; you can choose to relax and collect passive income or, if you prefer a hands-on experience, do the managing yourself and enjoy an even greater profit margin.Desirably located on a corner lot. Main-level units are large with high ceilings and offer both a front and rear entrance. Upstairs, residents enjoy a layer of extra privacy. The spacious one-bedroom basement apartment is currently vacant due to recent water damage. It willrequire some repair to bring it to its full potential. Estimates are available.The shed on site transfers with the property for extra storage. This property offers plenty of off-street parking. Utilities are included in the current rent and are next in line to split individually for each unit.Back on the Market, no fault of the Sellers or property. Buyer's financing fell through the day before closing.
© 2023 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Hutch & Howard | Keller Williams 865-966-5005. Information is deemed reliable but is not guaranteed accurate by the MLS or Hutch & Howard | Keller Williams 865-966-5005. Data last updated: 2023-05-27T18:16:54.93.