Tecoma Dr Apartments
Multifamily | 10 Units | $110,000/unit
Marketing description
SVN | Wood Properties is proud to present 2626 Tecoma Drive presents an outstanding 10 unit investment opportunity in the heart of North Knoxville. This well-kept multifamily property sits in a quiet, residential neighborhood near Whittle Springs, offering tenants a comfortable suburban lifestyle just minutes from downtown. The property’s convenient access to major roadways, shopping centers, and dining options enhances its long-term appeal for both residents and investors.
Each unit has been thoughtfully maintained, featuring functional layouts and desirable amenities that attract steady tenant demand. Currently generating $973 per month in rental income per unit, the property provides immediate cash flow while maintaining strong occupancy potential in a consistently growing market. Its clean curb appeal and reliable performance make it a low-maintenance addition to any portfolio.
With a market rent of $1,150 per unit, 2626 Tecoma Drive offers clear value-add potential and an attractive opportunity for increased returns. Its blend of location, stability, and upside makes it an ideal choice for investors seeking a dependable, income-producing asset in one of Knoxville’s most promising rental corridors.
This property also has extra room in the rear of the property to build additional units and/or to create more parking or amenities.
This property is part of a 129 Unit portfolio that can be purchased together.
To access the full data room please visit: https://svnwood.com/inventory/?propertyId=1576439-sale
Investment highlights
Recent updates — Property features ongoing improvements and refreshed interiors, reducing near-term maintenance needs and enhancing renter appeal.
Strong North Knoxville location — Quiet neighborhood near Whittle Springs with quick access to shops, dining, major roadways, and Downtown Knoxville.
Rent growth potential — Current rents sit below market averages in the submarket, providing clear upside for future increases.
Additional land in rear to build more units
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