Multifamily

Hillcrest Apartments

Listing Price: $1,400,000

Cap Rate
7.41%
Number of Units
20
GRM
8.88
Occupancy
100.00%
Price/Unit
$70,000
Price/Gross SF
$103.70
Gross SF
13,500

Investment Overview

Property is a value-add opportunity located in Knoxville, Tennessee, with close proximity to grocery and retail. Located 15.1 miles from McGhee-Tyson Airport, it is highly accessible from most major United States cities.

Investment Highlights

  • 20 Units - All Two-Bedroom/One-Bathroom
  • 11 of 20 Units Renovated Since 2018, Increasing Rent by 12.5 Percent
  • Roof Replaced in 2019
  • Parking Lot Resurfaced in 2019
  • All Utilities Paid by Tenants

Exclusively Listed By

Listing Price: $1,400,000

Cap Rate
7.41%
Number of Units
20
GRM
8.88
Occupancy
100.00%
Price/Unit
$70,000
Price/Gross SF
$103.70
Gross SF
13,500

Investment Highlights

  • 20 Units - All Two-Bedroom/One-Bathroom
  • 11 of 20 Units Renovated Since 2018, Increasing Rent by 12.5 Percent
  • Roof Replaced in 2019
  • Parking Lot Resurfaced in 2019
  • All Utilities Paid by Tenants

Investment Overview

Property is a value-add opportunity located in Knoxville, Tennessee, with close proximity to grocery and retail. Located 15.1 miles from McGhee-Tyson Airport, it is highly accessible from most major United States cities.

Exclusively Listed By

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