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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

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