*** ********* ***, ********, TN
15.05% return
SP:
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Property Description

**BACK ON THE MARKET!!!** Insane Opportunity!! 12 units in the woods! 

Fireplace in every unit. Separate electric & water meters. Central heat & air in some units. All units are up to date.  Roof replaced last year. Washer & dryer hookups in every unit. Office & Fitness room on property. 3 townhouse units. 6 garages available for rent at $100/monthly each. Beautiful nature, surrounded by a nice forrest. 

Only an hour away from Knoxville, TN. 15%+ net returns!! Do not miss out on this one!!! 

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units12
  • Total bedrooms18
  • Total bathrooms13.5
  • Building size7632 sq. ft.
  • Lot size0.2 acres
  • Year built1977
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWall unit, Central
  • CoolingWall A/C, Central air

Property Financial Summary

  • Sale price $545,000
  • Estimated rehab 1 $0
  • Total investment $545,000
  • Type Proforma
  • Gross income (annually) $104,400
  • Operating expenses (annually) $22,375
  • Net income (annually) $82,025
  • Gross return 19.16%
  • Gross income (monthly) $8,700
  • Operating expenses (monthly) $1,865
  • Net income (monthly) $6,835
  • Net return 15.05%

Property Income & Expenses

  • Income
  • Garage Rental $600/month $7,200/year
  • Apt.1
  • Unit 12: 1 bed / 1 bath $600/month $7,200/year
  • Apt.10
  • Unit 9: 2 bed / 1.5 bath $800/month $9,600/year
  • Apt.11
  • Unit 7: 1 bed / 1 bath $600/month $7,200/year
  • Apt.12
  • Unit 6: 2 bed / 1.5 bath $800/month $9,600/year
  • Apt.2
  • Unit 11: 1 bed / 1 bath $600/month $7,200/year
  • Apt.3
  • Unit 10: 2 bed / 1 bath $700/month $8,400/year
  • Apt.4
  • Unit 16: 2 bed / 1 bath $700/month $8,400/year
  • Apt.5
  • Unit 15: 1 bed / 1 bath $600/month $7,200/year
  • Apt.6
  • Unit 14: 2 bed / 1.5 bath $800/month $9,600/year
  • Apt.7
  • Unit 4: 2 bed / 1 bath $700/month $8,400/year
  • Apt.8
  • Unit 3: 1 bed / 1 bath $600/month $7,200/year
  • Apt.9
  • Unit 2: 1 bed / 1 bath $600/month $7,200/year
  • Total $8,700/month $104,400/year
  • Expenses
  • Insurance $333/month $4,000/year
  • Electric bill $300/month $3,600/year
  • Lawn care $100/month $1,200/year
  • Waste Collection $94/month $1,128/year
  • Property Taxes $537/month $6,447/year
  • Maintenance reserve $500/month $6,000/year
  • Total $1,865/month $22,375/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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