7215 Asheville Hwy., Knoxville, TN
Multi-family for Sale - $500,000 - 6,555 Sq. Ft. on 1.7 acres
Property Info
| CIMLS# | 114514 |
| Location 7215 Asheville Hwy. Knoxville TN 37924 | |
| Updated | January 30th, 2011 |
| Type | Multi-family |
| Price | $500,000 |
| Building | 6,555 Sq. Ft. |
| Land | 1.7 acres |
Property Description
EXTENDED STAY EFFICIENCY APARTMENTS _ Three buildings, two of mortar and one of brick construction. Construction is sound, solid and in good repair; easy access and parking; high cash flow and NOI; low vacency rate. On-site management. A good and steady tenant base is ensured by a location on a very busy US highway (average 2008 daily traffic 34,840, source TDOT), and a close proximity to the Forks of the River Industrial Park. Owner is retiring.
Financials
NOI 2010 - $54,917
Cap Rate - 10.98%
Contact Owner for Detailed Information at eapts@comcast.net