5211 Pocahontas Drive, Knoxville, 37914

Multi-Family - Other For Sale

$875,000

Beds
Baths
12,600Sqft
1982Built
MLS® #: 1108448
Pending - Continue to Show

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.

Essential Information

MLS® #: 1108448
Price: $875,000
Square Footage: 12,600
Year Built: 1982
Type: Multi-Family
Sub-Type: Other
Status: Pending - Continue to Show

Community Information

Address: 5211 Pocahontas Drive
Area: Knox County
City: Knoxville
State: TN
Zip Code: 37914

Amenities

Features: Washer/Dryer Connect
Parking: Off-Street Parking, On Premise Parking

Interior

Appliances: Range/Oven, Refrigerator
Heating: Central
Cooling: Central Cooling

Exterior

Exterior Features: Deck
Construction: Frame

Additional Information

Listing Office: Goldman Partners Realty, LLC

Financials

$/SqFt: $69

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