1903 Piney Grove Church Rd - Apartments FOR SALE


Knoxville, TN 37909- Westside
$675,000 USD
865-603-9887
1903 Piney Grove Church Rd, Knoxville, TN for Sale
$675,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

1903 Piney Grove Church Rd
Knoxville, TN 37909
Westside


HIGHLIGHTS

  • 8 Units Total
  • All Studio Style Units
  • Affordable Housing
  • Located in the growing Knoxville market - near many retailers, employers, and amenities

OVERVIEW

PWA Properties is pleased to present 1903 Piney Grove Church Road, an 8-unit affordable housing community located in Knoxville, TN. The property consists of 8 studio-style units and offers investors stable, contract-backed income with a Housing Assistance Payments (HAP) contract in place. The property is managed by a professional third-party management company, with management structured in accordance with HAP regulations. With increasing housing demand, limited affordable inventory, and continued regional investment, the Knoxville market remains well-positioned for long-term multifamily performance and rent growth.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

8

PRICE/UNIT

$84,375

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

RN5

APN/PARCEL ID

106HA-00101

ASK ABOUT THIS PROPERTY

Cohl MorganPWA PropertiesMore Info
865-603-9887

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Cohl MorganPWA PropertiesMore Info
865-603-9887

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.