Quiet residential location - 21 units on 2 lots - all 2 bedroom units - 10 units have been recently renovated - 6 XGRM (Gross Rent Multiplier). Built in 1982 this complex consists of 21 units, spaced individually, and feel like individual homes. With spacious decks, amenities also include central HVAC, stove, refrigerators & washer/dryer connections. Buyer will be assuming a $150,000 forgiveable 5 yr grant that was used in 2017 to upgrade 10 units. Renovations to the 10 units included new Pex plumbing, new windows, new flooring, new cabinetry as needed Knoxville is currently experiencing an acute shortage of affordable housing and this complex is a perfect fit.. Estimated square footage is from tax records, is not guaranteed & should be verified by buyer.
©2020 Listings courtesy of the Knoxille Area Association of REALTORS.
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.
Listing data is deemed reliable but is not guaranteed accurate by the MLS.