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29848132
29848241

903 Luttrell St, Knoxville, TN 37917

SV
TN TN 263596
Goldman Partners Realty
Goldman Partners Realty
Listed by Goldman Partners Realty
$795,000
359 days on market
Updated 62 days ago

Fourth & Gill 4Plex

Details
APN 081MN011
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,608
Units 4
Cap Rate 5.81%
NOI $46,154
Occupancy 50%
Price per SqFt $142
Broker Co-Op Yes
Class C
Year Built 1920
Buildings 1
Stories 2
Lot Size (SqFt) 7,492
Zoning RN-2
Parking Spaces spaces
Investment Type Value Add
Ownership Fee Simple

CHARMING 4-PLEX ON CORNER LOT IN HISTORIC FOURTH & GILL

Marketing description

First time on the market since 2006! This 4plex has much of it's original charm with hardwood floors, high ceilings, wood bannisters and doors.The units are very spacious with an average sq footage over 1200 sq ft that includes plenty of storage. The two upstairs units that are accessed by their private staircases also enjoy rear access to the backyard from their own covered balcony. All units have central HVAC and interiors have been upgraded over time. Fourth and Gill is an amazing neigborhood with double wide sidewalks, plenty of parking, excellent access to bike paths, pocket parks, downtown and the Old City. This is an opportunity that rarely comes along. Please find video walkthroughs of each unit under the documents tab. No sign on property and we respectively request that you do not disturb the residents.

Investment highlights

  • Corner Lot

  • Steps away from downtown Knoxville

  • Historic Neighborhood

  • Units are over 1200 sqft each

  • Covered Back Porches

Listing Contacts

SV
TN TN 263596
Goldman Partners Realty
Goldman Partners Realty
Listed by Goldman Partners Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,154.00
$3,846.17/mo

Valuation Metrics

0
DSCR
5.81%
Cap Rate
5.81%
ROI

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Additional Information

Name
Solange Velas
License
TN 263596
Name
Sakaylea Sanders
License
378466
Brokerage
Goldman Partners Realty
Title
Affiliate Broker
Brokerage Address
109 Circle Lane
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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