Updated over 8 years ago on . Most recent reply
Why is this still on the market?
I live in Nashville--looking to invest in Knox and Chatt. Spent a few days looking around Knox on redfin and found some interesting properties, trying to get to know the areas and rents vs. home prices.
https://www.redfin.com/TN/Knoxville/1517-Coker-Ave...
Looks like this has been listed for almost 4 months.. $50k/door seams reasonable compared to other units in the area. Rent ready.. and based on P&L it cash flows pretty well, especially if you self manage. Why is this still on the market? Any knoxville natives have any insight? bad part of town? whats the deal?
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According to my math that's $62,500 a door, right? And it's not a bad area but definitely not the best either. I'd say B-