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Multifamily

The Views on Inskip

609 E Inskip Dr, Knoxville, TN 37912

Listing Price: $3,600,000

Cap Rate
6.36%
Number of Units
24
GRM
9.09
Price/Unit
$150,000
Price/Gross SF
$206.90
Gross SF
17,400

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Views on Inskip in Knoxville, TN. This offering will allow a potential investor to purchase a turnkey investment opportunity located in East Tennessee.

The Views on Inskip is a fully renovated 24-unit multifamily community in the growing North Knoxville submarket. Over $575,000 in recent capital improvements include complete interior upgrades, new HVAC systems, and roof replacements in 2022 and 2025. Each unit features stainless-steel appliances, and the property offers an on-site laundry facility with potential to convert the office into an additional income-producing unit. The asset provides investors with turnkey operations and durable cash flow in a strong Knoxville location.

Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.

At no point should tenants or staff be contacted regarding the sale of The Views on Inskip.

Investment Highlights

  • Approximately $575,000 in capital improvements have been completed within the past 36 months
  • Full interior renovation completed across all 24 units, all HVAC units replaced between 2021 and 2022, half of the roofs replaced in 2025, and the remaining half replaced in 2022
  • Stainless-steel appliances are provided in all units
  • The office on the property can be converted into an additional income-producing unit
  • Laundry facility located on-site for resident convenience

Exclusively Listed By

Financing By

Multifamily

The Views on Inskip

Listing Price: $3,600,000

Cap Rate
6.36%
Number of Units
24
GRM
9.09
Price/Unit
$150,000
Price/Gross SF
$206.90
Gross SF
17,400

Investment Highlights

  • Approximately $575,000 in capital improvements have been completed within the past 36 months
  • Full interior renovation completed across all 24 units, all HVAC units replaced between 2021 and 2022, half of the roofs replaced in 2025, and the remaining half replaced in 2022
  • Stainless-steel appliances are provided in all units
  • The office on the property can be converted into an additional income-producing unit
  • Laundry facility located on-site for resident convenience

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Views on Inskip in Knoxville, TN. This offering will allow a potential investor to purchase a turnkey investment opportunity located in East Tennessee. The Views on Inskip is a fully renovated 24-unit multifamily community in the growing North Knoxville submarket. Over $575,000 in recent capital improvements include complete interior upgrades, new HVAC systems, and roof replacements in 2022 and 2025. Each unit features stainless-steel appliances, and the property offers an on-site laundry facility with potential to convert the office into an additional income-producing unit. The asset provides investors with turnkey operations and durable cash flow in a strong Knoxville location. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. At no point should tenants or staff be contacted regarding the sale of The Views on Inskip.

Exclusively Listed By

Financing By

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