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(865) 368-3471
Real Estate Company
476, E 482 & 490 Red Bud Rd, Knoxville, TN 37920
- $475,000
- 2,349
- SqFt
- List Price
- $475,000
- Price Change
- ▼ $15,000 1793310583
- MLS#
- 1357074
- Status
- ACTIVE
- Type
- Single Family Residential
- City
- Knoxville
- County
- Knox
- Living Area
- 2,349
- Year Built
- 1972
Property Description
THREE RENTAL UNITS | $37,080 GROSS INCOME | SOUTH KNOXVILLE All three units are currently leased, generating $37,080 in annual gross rental income ($3,090/month). Annual operating expenses total approximately $13,933, **including HOA fees of $200 per month per unit**, resulting in an estimated net operating income of $23,147 and a **4.87% cap rate at the new $475,000 asking price**. At approximately $158,333 per unit, this package offers investors three established rental income streams in one purchase. Financial figures exclude property management fees and are subject to buyer verification.
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Additional Information
- Appliances
- Refrigerator, Range, Dishwasher, Self Cleaning Oven
- Construction
- Brick
- Cooling
- Central Air
- Exterior Features
- Balcony
- Floors
- Carpet, Vinyl
- Garage
- On Premise Parking
- Living Area
- 2,349
- Subdivision
- Redbud Condos Unit B6 5.8823% Com Elem
- Year Built
- 1972
- Subdivision
- Redbud Condos Unit B6 5.8823% Com Elem
- Heating
- Central, Electric
- Restrictions
- Yes
- Num Of Units
- 3
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Listing courtesy of Keller Williams Signature.
Agent: Julie Carter |
Office: Keller Williams Signature |