101148 . 9 Home SFR Knoxville & Chattanooga, TN

For Sale

101148 . 9 Home SFR Knoxville & Chattanooga, TN, Knoxville & Chattanooga, TN 37909

This Knoxville & Chattanooga property for sale is located at 101148 . 9 Home SFR Knoxville & Chattanooga, TN. The current listed sale price for 101148 . 9 Home SFR Knoxville & Chattanooga, TN is $3,500,000. 101148 . 9 Home SFR Knoxville & Chattanooga, TN is situated on a lot that is 4.93 acre in size.

Contacts

broker

Tom Johnston

SVN | SFRhub Marketplace

Property Details

  • Property Type Multi-Family
  • Property Size 18,386 SF
  • Units 9
  • Lot Size 4.93 Acre
  • Additional Rent Contact for pricing
  • Year Built 1983
  • Date Updated Aug 9, 2024
Contact: TOM JOHNSTON Managing Director | Designated Broker SVN | SFRhub Marketplace T: 602.441.5354 C: 602.403.3695 [email protected] License #: BR507919000 BOR: SVN | The Genesis Group Carnell Scruggs Managing Director / Principal Visit www.SFRhub.com and search for portfolio 101148 for more information. SVN | SFRhub Marketplace is pleased to present this 9-home SFR portfolio scattered about Knoxville, TN. The asset mix includes two three-bedroom, six four-bedroom homes, and one five-bedroom home. All the homes were built between 1938-2021 with an average vintage of 1983. This portfolio has an average dwelling size of 2,042 SqFt and 23,861 SqFt average lot size. The average asking price per home is $388,889k.  Knoxville TN in the last five years has become one of the ten fastest-growing US cities, with a population gain of nearly 1% per year. The Knoxville population inside the city is at 184,000 but the Metropolitan Statistical Area is over 878k. The Knoxville real estate market may be one of the country’s hottest markets. The city’s proximity to Nashville and relatively affordable home prices are responsible for an influx of demand that few other cities can compete with. Subsequently, investors have enjoyed an incredible run for the better part of a decade. There are very few markets with more promising fundamentals than Knoxville. Knoxville’s real estate market helped skew national home sales numbers higher. Few cities, for that matter, saw gains on the level of Knoxville, which led the country in profit margins as recently as last year. From the mountains to the Mississippi, Tennessee boasts some of the country’s lowest housing costs and a skilled and dedicated workforce focused on perfection. Their business-friendly environment and history of innovation bring many of the world’s greatest brands to the Volunteer State. The major occupations  in Knoxville are Office and Administrative Support, Sales, Transportation, and Material Moving. The cost of living is 16.5% lower in Knoxville  than the U.S. average.   Whatever your passion, Knoxville knows how to fuel it. Our ever-growing list of things to do includes everything from historical tours to outdoor adventure. Discover fine food, festivals, award-winning theaters, and music for every ear.

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Highlights

  • All homes are single-family detached?
  • Asset mix consists of two 3 bedroom, six 4 bedroom, and one 5 bedroom
  • Average home size of 2,042 square feet
  • Average lot size of 23,861
  • Average vintage of 1983
  • 9 homes scattered in Apple Valley, 2 in Hixson, 2 in Ooltewah, 1 in Soddy Daisy, and 1 in Chattanooga
  • The average asking price per home is $389k
  • 100% leased to fully vetted tenants
  • The average current monthly rent is 2,512
  • Stabilized year 1 net cap rate of 6.06%?
  • Stabilized year 1 NOI of $212,249
  • All SVN® Offices Are Independently Owned & Operated
  • Local Broker License Information: www.SFRhub.com/realestatelicensing

Getting around

  • 86/100

    Walk Score ®

  • 47/100

    Transit Score ®

  • 96/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Knoxville & Chattanooga, TN
  • Neighborhood Martin Luther King
  • Zip Code 37909
  • Market Chattanooga

Points of Interest

  • East Chattanooga

    3.51 miles

  • Grand Junction

    6.05 miles

  • ChargePoint

    0.13 miles

  • CARTA/548 VINE ST #1

    0.51 miles

  • CARTA/548 VINE ST #2

    0.51 miles

  • eVgo

    0.62 miles

  • Electrify America

    0.75 miles

  • Electrify America Charger

    0.81 miles

  • Exxon

    1.09 miles

  • Harry's #23

    1.17 miles

  • kankus inc

    1.32 miles

  • Citgo

    1.66 miles

  • American Legion Post 14 Reserved Parking Lot

    0.20 miles

  • Unum

    0.38 miles

  • Republic Parking

    0.41 miles

  • 24

    0.45 miles

  • 48

    0.49 miles

  • Republic Parking Lot

    0.55 miles

  • Blue Cross Parking

    0.56 miles

  • 32

    0.63 miles

  • 33

    0.69 miles

  • The Read House Historic Inn And Suites

    0.10 miles

  • The Dwell Hotel

    0.14 miles

  • Hotel Bo

    0.17 miles

  • The Westin

    0.22 miles

  • The Westin Chattanooga

    0.23 miles

  • Chattanooga Marriott Downtown

    0.30 miles

  • Hotel Indigo Chattanooga - Downtown

    0.31 miles

  • The Chattanoogan

    0.34 miles

  • La Quinta Inn & Suites by Wyndham Chattanooga Downtown/South

    0.36 miles

  • Holiday Inn Hotel & Suites Chattanooga Downtown

    0.39 miles

  • Food City

    0.44 miles

  • Whole Foods Market

    1.24 miles

  • Publix

    1.34 miles

  • Supermercado

    3.11 miles

  • Save-A-Lot

    3.19 miles

  • Gannon Art Center

    3.44 miles

  • Walmart

    3.60 miles

  • Walmart Supercenter

    3.60 miles

  • ALDI

    3.71 miles

  • Big Lots

    5.44 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Tom Johnston

SVN | SFRhub Marketplace