1807 Logan Ave - Multi-Family FOR SALE


Knoxville, TN 37921- Westside
$1,700,000 USD
1807 Logan Ave, Knoxville, TN for Sale
$1,700,000 USD
Multi-Family - FOR SALE
1/37
null | 9.5% Cap Rate

1807 Logan Ave
Knoxville, TN 37921
Westside


HIGHLIGHTS

  • Consistent STR bookings via AIRBNB. Building 1809 is rented to UTK students and young professionals on a month to month basis.
  • Close to UTK, Downtown Knoxville, Neyland Stadium and Smokys Baseball Stadium

OVERVIEW

Great Investment Opportunity. Features three townhomes consisting of two units per buidling. Unit A are 1000 sqft with 2 bedrooms, 2 private bathrooms. Unit B are 1200 sqft, 2 bedrooms, 2 private bathrooms. All have private balconies. The ground floor level has strage closet, plus stackable washer/dryer in each building. Smartlocks. Security Cameras. Three 2 car garages, plus 3 parking spaces onsite, plus an additional 4 cars can park on the side of the building; parking across the street (after business hours). Gross Profit- $17,000/month ($12k STR, $2500/month each unit in building 1809). Close to UTK campus, downtown and stadiums. Zoned mixed use.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

6

PRICE/UNIT

$283,333

CAP RATE

9.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Logan Avenue

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

3

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

mixed use

APN/PARCEL ID

094KV-013

ASK ABOUT THIS PROPERTY

Terri LawsonUnited Real Estate SolutionsMore Info

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Terri LawsonUnited Real Estate SolutionsMore Info

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