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27840473
27840467

505 Buckeye Dr, Knoxville, TN 37919

GG
TN TN 245345
Marcus & Millichap - Knoxville
Listed by Marcus & Millichap - Knoxville
Unpriced
204 days on market
Updated 100 days ago

The District

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 290,396
Net Rentable (SqFt) 290,396
Units 377
Occupancy 85%
Class C
Year Built 1973
Year Renovated 2023
Buildings 21
Acreage 15.470
Zoning C
Parking Spaces 450 spaces
Parking Per SqFt 1.55
Investment Type Value Add
Occupancy Date 08/31/2025
Ownership Fee Simple

Great Value Add Property in Exceptional Knoxville Location with 377 Apartments

Marketing description

Knoxville is the third largest city in Tennessee and one of the fastest growing in the United States.

Knoxville is home to the University of Tennessee, Pellissippi State Community College, Lincoln Memorial University and several more. The District is located in close proximity to West Town Mall, Bearden High School, restaurants and major grocery stores.

East Tennessee is a popular location for jobs, retirement, education and the cost of living.

Major employers in the Knoxville area are

Healthcare: Covenant Health, University of Tennessee Hospital, Tennova, East Tn Children’s Hospital, Blount Memorial, Helen Ross McNabb Center

Entertainment, Manufacturing, Technology, Transportation and more: Pilot Flying J, Clayton Homes, Alcoa Aluminum, Boeing Defense &Space, Oak Ridge DOE, Smith & Wesson, Dollywood,Pinnacle Financial Partners, and many more.

Investment highlights

Capital expenditures have exceeded $5,000,000 within past two years.

Common area amenities:

Swimming Pool

Fitness Center

Clubhouse with leasing office

Playground

Volleyball Court

Fenced Dog Park

Laundry Facilities

Picnic Tables with nearby grills

Tenants pay electric directly to provider KUB and pay landlord reimbursement for water/sewer and trash.

Listing Contacts

GG
TN TN 245345
Marcus & Millichap - Knoxville
Listed by Marcus & Millichap - Knoxville

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Additional Information

Name
Gloria Gregory
License
TN 245345
Brokerage
Marcus and Millichap
Brokerage Phone
865-277-6276
Title
Real Eastate Broker
Brokerage Address
1111 North Northshore Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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