****4-PLEX Residential Property for sale!**** Located in beautiful Knoxville Tennessee right in the heart of a shopping and dining district. Four separate units, all 1 Bedroom 1 Bath units having 672 SF of living space per unit. Each unit has separate entries and designated parking. Units have appliances including Refrigerator, Oven/cooktop, microwave, and washer/dryer hookups. Two of the units have been extensively renovated including granite counter tops, new appliances, flooring and paint. The other two units have some recent updates including flooring and fresh paint. Heating and Air units and Windows are newer and there is a common yard for residents to share. Tenants are responsible for all utilities and trash disposal.
Annual income at this time is $48,000 annually with approximately $6000.00 in operating expenses with a net annual cashflow income of $42,000 per year.
Located within blocks of Shopping, Dining, Banking, and Healthcare. Also located nearby are schools, interstate I-75 in addition to numerous Parks and Recreation.
If you are looking for income generating potential, low maintenance, and property appreciation; this is a great investment opportunity! Must have proof of funds or pre-approval from lender within the last 15 days to view.