476, 482 & 490 Red Bud Rd Knoxville, TN 37920
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,349 sqft
Price per Sqft $202
MLS Listing ID 1357074
Year Built 1972
Source East Tennessee REALTORS® MLS
Property Description
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.
Location
State TN
County Knox County - 1
Rooms
Other Rooms Other
Interior
Heating Central, Electric
Cooling Central Cooling
Flooring Carpet, Vinyl
Appliance Dishwasher, Range, Refrigerator, Self Cleaning Oven
Heat Source Central, Electric
Exterior
Exterior Feature Balcony
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Composition
Garage No
Building
Faces Sevierville Pike to E Red Bud Rd
Structure Type Brick
Schools
Elementary Schools Dogwood
Middle Schools South Doyle
High Schools South Doyle
Others
Restrictions Yes
Tax ID 109MC00201F
Energy Description Electric
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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