$999,950
Well-located 7-unit multifamily opportunity in North Knoxville, recently taken over following foreclosure and management transition. Current ownership has completed roster cleanup, implemented a revised rent structure that includes a built-in water/sewer offset, and is actively refilling vacant units.
All units are operated as long-term rentals; no short-term rental income is assumed or required. This asset is best suited for a hands-on owner-operator seeking to complete lease-up and maximize cash flow through self-management and operational efficiency.
Utilities are individually metered where applicable, with owner covering common utilities and water/sewer. Income and expense figures reflect projected stabilized operations based on market-supported rents. Buyer to verify all information and perform independent due diligence.
Located just minutes from Downtown Knoxville, UT, major employers, and local entertainment districts.
Property built before 1978 may contain lead-based paint.
Zoned RN-4
1319536
MLS
311 Silver Place, Knoxville
Listing courtesy of Pace Probity Asset Management.