901 E Red Bud Rd Knoxville, TN 37920

Listing details for 901 E Red Bud Rd, Knoxville, TN 37920 : Well Rented - Good South Knox Location - 27 Unit Apt Complex on over 6 acres of land (6 parcels). 9.66 CAP rate, 10% cash on cash return, $25K per unit, 4.35 Gross Rent Multiplier. Property is comprised of 12 buildings with mostly 2 BR units in quiet, park-like setting. Just minutes from downtown, the Univ of TN, Iams Nature Center & the Urban Wilderness. All new roofs since 2011. 5 units have central heat/air, the other 22 have wall A/C & baseboard heating. Most are equipped with dishwashers. The two car garage is kept for the owners use for storage & maintenance. There is an onsite laundry & 6 of the units have washer/dryer hookups. Hands on owner is retiring and is ready to sell. No sign on property. Please don't disturb the residents. All showings by appointment with the listing agent. Square footage is not guaranteed and should be verified by buyer.