Full details for Other For Sale in Knoxville, Tennessee

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Description

JUST REDUCED! 4 UNITS - 9,3 CAP RATE - OPPORTUNITY AWAITS IN THE OPPORTUNITY ZONE!This property is fully rented with two long term residents, 3 years and 7 years, and two newer residents in the last year. Originally built as a commercial storefront, Previous owner revamped the interiors into four individual apartments. As the property has just one water and electric meter, Seller includes utilities as part of the rental rate. Seller says he has a wait list should there be a vacancy. Property has a newer roof and parking both in front and to the rear as the lot is a street to street lot. Located on a major thoroughfare with a traffic count of nearly 12,000 vehicles per day, this location has a tremendous street exposure. Add to that it's proximity to the new baseball stadium (just 2.5 miles to the West) due to be completed in 2025, this is truly an opportunity for a first time investor or seasoned veteran. The C-G General Commercial Zoning District is intended to provide for a heterogeneous mix of retail, personal service, office, and residential use giving the new owner many options going forward. Back to listing