Property Description

Turnkey 4-Unit Investment Opportunity in Prime Knoxville LocationWell-positioned 4-plex located in the heart of a thriving shopping and dining district. This property features four separate 1-bedroom, 1-bath units, each offering approximately 672 square feet, private entrances, and designated parking.Two units have been extensively renovated with granite countertops, updated appliances, new flooring, and fresh paint. The remaining two units offer recent updates including new flooring and paint, providing a balanced mix of stabilization and future upside.Major systems including HVAC and windows have been updated, reducing near-term capital expenditure concerns. Tenants are responsible for all utilities and trash service, contributing to an efficient operating structure.Investment Highlights: Current gross income: $48,000 annually Scheduled rent increases bring projected gross income to $50,400.00 starting June 2026. Low operating expense structure (annually 6K-7k, including property taxes of $1,375) Stabilized NOI approximately $37,000+ under conservative underwriting 6%-7%+ return potential for owner-operatorLocated just minutes from I-75, shopping, dining, healthcare, parks, and schools -- an area that continues to support strong rental demand.Financial summary available upon request.

Property Features