Price Reduction
464-496 E Red Bud Rd # Multi Knoxville, TN
$ 825,000
Property Attributes
  • MLS#1129853
  • TypeMulti-Family
  • CountyKNOX
  • CityKnoxville
  • AreaKnox County
  • NeighborhoodSouth Knox
  • Zip37920
  • Style
  • Year Built1972
  • Taxes7061
  • Price$ 825,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8155
Listing Provided Courtesy Of:
Realty Executives Advantage
Property Description

CALLING INVESTORS! Fabulous opportunity to own the majority share of units in this South Knoxville Condo Complex. Super hot area minutes from Downtown and The University of Tennessee these rentals are NEVER empty. The Sokno area is hot & only getting hotter. Currently offered around 5% cap (using 2019 numbers), with 2020 projected earnings we would be at 6.6% cap. Market can easily bear rent increases. Potential cap minimum 7%. Fully occupied with qualified tenants. HOA in place with reserves. HOA dues are $120 per month per unit. Dues cover Water and Sewer, Insurance, Waste Removal and Grounds upkeep. Coin laundry and storage on site, Laundry equipment is negotiable. Meticulously maintained, slam dunk, turn key, smooth transition, money in the bank.

Price History
9/15/2020 Listed $856,600
10/27/2020 3% - $836,600
11/10/2020 2% - $825,000

General Features

Appliances Dishwasher, Microwave, Range/Oven, Refrigerator, Smoke Detector
Area Knox County - 1
Auction Y/n No
Community South Knox
Construction Block, Frame - Brick
Cooling Central Cooling
Exterior Features Balcony, Cable Available (TV Only), Patio, Windows - Vinyl
Garage Features Off-Street Parking, On Premise Parking
Heating Heat Pump
High School South Doyle
Middle School South Doyle
Misc Features Internet Available, Pantry, Walk-in Closets
Miscellaneous Balcony, Coin Laundry, Patio, Storage Space, TV Cable Available, Utility Room
New Financing Cash, Conventional
Number of Units 11.00
Property Status N/A
Property SubType Other
Property Type B
Restrictions Yes
Utilities/Mo Avg 0.00
Year Built 1972

Interior Features

Floors Laminate, Tile, Vinyl
Fuel Electric
Other Rooms Other

Exterior Features

Driveway Parking Lot
Lot Size n/a
Siding Brick


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 37920

AVG $500K
AVG $3,845
AVG 28
Year Built
AVG 1961

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