Multi-Family Rentals & Storage - Norris Lake, TN

Multi-Family for Sale
Catylist Listing ID: 30872258
Property Subtypes: Low-Rise/Garden
Number of Units: 10 Units
Building Size (RSF): 3,756 SF
Gross Building Area: See Agent
Gross Land Area: 2.07 SF
Sale Price: $1,100,000
Unit Price: $110,000 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/20/2024

Overview / Comments

4 lots for a total 2.07+/- acres with a 5 unit apartment complex, 2 houses and 3 trailer rental properties. A coin operated laundry facility and 5 self-storage units enhancing convenience for tenants and providing additional income. This investment promises stable rental returns. $100K+ potential NOI.

Additional Details

Nearest MSA: Knoxville
County: Union
Tax ID/APN: 036 05301
Zoning: NONE

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,642 6,048
Median Age: 41.67 42.51
Households: 1,035 2,450


Photograph of Listing Agent

Stephanie L Gilezan

EXP Realty LLC KCREA Member
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