8 Property Portfolio, $63K AGI, Professionally Managed

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8 Property Portfolio, $63K AGI, Professionally Managed

Real Estate Consultant · Knoxville TN · Member since 2011 · 112 posts · 81 votes

Investor Opportunity! Between Knoxville and Maryville TN
This investor portfolio deal includes 8 homes! 4 single family homes and 4 mobile homes on 7 total parcels.
These homes are turn key, professionally managed by a real estate firm, no repairs currently needed, and 6 occupied, 1 accepted application and 1 currently for rent and would make great investment income starting from the first day of ownership. Great cap rate! Management can stay in place and leases will transfer to new owner. 
Located south of Knoxville in Rockford, minutes away from the Knoxville airport, major employers in the area, and a constantly growing community. 
Call for details and information or schedule an appointment if you are in the area. These homes are occupied, please do not disturb tenants. Owner will not finance or break up portfolio. 
Potential gross yearly income $65,000, asking just over tax value at $395,000. 

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  • Real Estate Broker | Investor | Property Manager · Plantation, FL · Member since 2015 · 228 posts · 68 votes
    10y

    Is the posted annual income after fees are paid to mgmt company and the taxes/insurance is paid? If not, which I am assuming, please PM me the annual expenses the portfolio experiences (taxes, insurance, mgmt fees)

    Thanks!

  • Real Estate Consultant · Knoxville TN · Member since 2011 · 112 posts · 81 votes
    10y

    No they are not, the posted annual income is gross. I am headed out but will send you a PM with the break down shortly. Thanks for the question. 

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