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476, E 482 & 490 Red Bud Rd, Knoxville, TN 37920

$475,000
: 2,349
SqFt

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List Price: $475,000
Price Change: ▼ $15,000 1793310583
MLS#: 1357074
Status: ACTIVE
Type: Single Family Residential
City: Knoxville
County: Knox
Living Area: 2,349
Year Built: 1972
Subdivision: Redbud Condos Unit B6 5.8823% Com Elem

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Property Description

THREE RENTAL UNITS | $37,080 GROSS INCOME | SOUTH KNOXVILLE All three units are currently leased, generating $37,080 in annual gross rental income ($3,090/month). Annual operating expenses total approximately $13,933, **including HOA fees of $200 per month per unit**, resulting in an estimated net operating income of $23,147 and a **4.87% cap rate at the new $475,000 asking price**. At approximately $158,333 per unit, this package offers investors three established rental income streams in one purchase. Financial figures exclude property management fees and are subject to buyer verification.

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Additional Information

Appliances: Refrigerator, Range, Dishwasher, Self Cleaning Oven
Construction: Brick
Cooling: Central Air
Exterior Features: Balcony
Floors: Carpet, Vinyl
Garage: On Premise Parking
Living Area: 2,349
Year Built: 1972