Inn of Knoxville, TN
Multifamily | 186 Units | Fully Zoned Apartments
Marketing description
186-Unit Studio Conversion Opportunity | Fully Zoned Apartments | Knoxville TN | Value-Add
Marketing Description
Fully Zoned for Studio Apartments | 186 Units | Near University of Tennessee | I-40 / I-275 Access
Property Description
The Inn of Knoxville is a 186-unit multifamily conversion opportunity located in Knoxville, TN. Fully zoned for apartment use, the asset offers a clear and immediate path to repositioning without entitlement risk, allowing investors to focus directly on renovation and lease-up execution.
The property consists of exterior corridor units and is positioned for conversion into studio apartments or continued extended stay operations. Renovations are permitted, with kitchenette installations planned upon completion, supporting a streamlined transition into income-producing units.
The asset is fully furnished and includes existing infrastructure such as free Wi-Fi, guest laundry facilities, vending machines, and cable TV. Additional features include truck parking availability, supporting demand from extended stay and workforce housing segments.
Strategically located near the University of Tennessee with direct access to I-40 and I-275, the property benefits from strong demand drivers, regional connectivity, and proximity to employment and education hubs.
With 186 units of scale, zoning secured, and renovations permitted, Inn of Knoxville presents a high-density, execution-ready repositioning opportunity in a growing Tennessee market.
Investment Highlights
- 186 Units
- Fully Zoned for Apartments
- Exterior Corridor Layout
- Renovation Permitted (Conversion-Ready)
- Kitchenettes Planned Upon Completion
- Fully Furnished Units
- Free Wi-Fi
- Guest Laundry Facilities
- Vending Machines
- Cable TV
- Truck Parking Available
- Near University of Tennessee
- Direct Access to I-40 & I-275
- Flexible Exit: Apartments or Extended Stay
Investment highlights
23,631 SF hotel property offered as multifamily conversation opportunity in desired city of Knoxville, TN
Sale includes two hotel buildings and a restaurant sitting on 3.9 acres of land
186 studio apartments (209 SF each), plus 5,679 SF of restaurant building
Zoned C-G-1 (General Commercial Zoning District) with multi-family dwelling permitted use already approved
Full package of required permits, plans, survey, clean Phase 1 report along with the city’s multifamily zoning– a great deal of money and time that the buyer does not have to spend!
Partially operational hotel with cash flow in place
Versatile property for multifamily real estate investors, including options for student housing or extended stay
High pro-forma NOIs for apartments and extended stay
Located in a high dense rapidly growing city with high demand for apartments or student housing
Located 5 miles from the University of Tennessee (28,000 students)
Just 6 minutes’ drive from everything downtown has to offer: restaurants, entertainment, shops, business establishments.
Friendly local government offering variety of incentives and tax programs for developers
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