7601 Old Clinton Pike - Multi-Family FOR SALE


Powell, TN 37849
$3,400,000 USD
865-936-9999
7601 Old Clinton Pike, Powell, TN for Sale
$3,400,000 USD
Multi-Family - FOR SALE
1/20
null | Request Cap Rate

7601 Old Clinton Pike
Powell, TN 37849


HIGHLIGHTS

  • Pro-forma Net Income: $403,200
  • Ten 3BR/2BA townhomes (1,200–1,800 SF) plus two studio units
  • Mix of long-term, mid-term, and furnished rentals with washer/dryer in unit
  • Two 3BR units coming available September 2025

OVERVIEW

SVN Wood Properties is pleased to present an exceptional opportunity to acquire a 12-unit townhome portfolio in Powell, TN, a high-demand Knoxville submarket. The property offers a mix of long-term, mid-term, and furnished rentals, generating strong income today with clear upside through rent resets and expanded furnished bookings. Ten spacious 3BR/2BA townhomes (1,200–1,800 SF) each feature in-unit laundry and modern layouts, while two studio units add diversity to the income stream. With two large 3BR units coming available in September, a new owner can immediately reposition for higher rents or mid-term tenants. All appliances and furniture convey with the sale. This is a rare cash-flowing asset with built-in value-add potential. Current ownership has intentionally left rental upside untapped, creating opportunity for the next investor to maximize performance.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

12

PRICE/UNIT

$283,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elevate Townhomes

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CA

APN/PARCEL ID

067AA-012

ASK ABOUT THIS PROPERTY

Ford CollierSVN | Wood PropertiesMore Info
865-936-9999

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Ford CollierSVN | Wood PropertiesMore Info
865-936-9999

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