For Sale $300,000

Value-Add Tri-Plex

Other -

Property Information

  • $300,000
  • 2,301 sq. ft.
  • East Knoxville value-add multifamily property with three 2 bedroom/1 bathroom units
  • Great opportunity to own a Triplex in the growing East Knoxville community. The upper unit has been completely renovated with new floors, kitchen, bathroom, and paint. One of the two lower units was renovated 5 years ago, and the third unit is in need of a cosmetic renovation. The roof, vinyl siding, and windows are all in good condition. HVAC units are dated but still in working order. A new owner can update the two lower units and bring them to market rents for a great value-add opportunity.
  • Current rents are:
    Unit 1- $660/mo           Unit 2- $770/mo               Unit 3- $1,070/mo
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Property Features
  • Other
  • Floor Area is 2,301 sqft