$475,000
About this home
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.
Features
Location
476, E 482 & 490 Red Bud Rd, Knoxville, TN 37920, Knoxville, TN 37920
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