Beals Chapel Townhomes

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30762335
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 15 Units
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.77 Acres
Sale Price: $2,400,000
Unit Price: $160,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/5/2021

Overview / Comments

SVN | Wood Properties is proud to exclusively present Beals Chapel Townhomes. This townhome community consists of 15 2 BD 2.5 BA units. The property has been professionally managed and meticulously maintained since its construction in 2015. The current and average historical occupancy is 100%. Based on market data, rents could be raised by an average of $200 per unit. All utilities are separately metered and paid directly by tenants. The owner recently upgraded all the landscaping to reduce maintenance expenses. The property is located just outside of west Knoxville in Lenoir City. Lenoir City, located in Loudon County, is one of the most sought-after suburbs of Knoxville due to its excellent school system and close proximity to the high-end retail and restaurants that west Knoxville has to offer. New subdivision developments surround the property as the area continues to grow and prosper.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Loudon
Tax ID/APN: 05301621409
Zoning: R-1
Percent Occupied: 100%
Total Number of Buildings: 4
Property Condition: Excellent
Number of Stories: 2
Year Built: 2015
Parking Type: Surface

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 19,874 48,037
Median Age: 42.38 42.56
Households: 7,719 18,311

Contact

Photograph of Listing Agent

Cohl Morgan

SVN I Wood Properties
Not a member of NETAR CMLS
Photograph of Listing Agent

Kevin Tipton

SVN I Wood Properties
NETAR CMLS Member
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