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Nice 13-Unit North Knoxville Townhouses – All 2-Bedroom

By: Solange Velas, CCIM
4800 Scheel Rd, Knoxville, Tennessee, front view of townhouses

These spacious 2-bedroom/1.5-bath townhouses got a new roof in 2010

Price: $650,000
Down Payment: $162,500
Gross Income: $95,460
Cash Flow: $4,147

These spacious townhouse-style units feature excellent amenities including stoves, refrigerators,dishwashers, central heat/air and washer/dryer hookups. Already zoned/established as 13 condos, this complex enjoys a terrific north Knox/Inskip location with easy access to bus lines, I-40, I-75, downtown Knoxville and the University of Tennessee. As an added landlord benefit, residents pay ALL utilities including water/sewer. Unlike a typical apartment investment, the next owner here has excellent future options; keep as a rental or decide to sell as individual condo units.  As a rental this property has had an excellent 92.5% collection average over last 3 years.

Income-Expense Stmts 2011-2013 Scheel 4800

4800 Scheel Info

Solange Velas, CCIM

Solange Velas, CCIM has been involved in the sale of more than 300 properties in the Knoxville area alone. She is known as the premier multifamily broker in East Tennessee. vCard

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