4plex Knoxville TN
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $205,000
Cash invested: $41,000
Woodpark Lane Townhomes offers spacious, well-maintained townhome living in one of West Knoxville's most convenient locations. Residents enjoy generously sized floor plans, private patios, ample parking, and a quiet residential setting while remaining just minutes from Cedar Bluff, Turkey Creek, I-40, and I-75. The community provides easy access to shopping, dining, major employers, and excellent schools, making it an ideal choice for professionals, families, and anyone looking to enjoy the convenience of West Knoxville. Professionally managed by Asset Realty Management, Woodpark Lane Townhomes combines comfort, convenience, and a desirable location in one of Knoxville's most established neighborhoods.
What made you interested in investing in this type of deal?
Always about price to rent ratio. As close to 1% rule as possible.
How did you find this deal and how did you negotiate it?
I manage rental properties and owners that sell will offer it to my company and my investors first.
How did you finance this deal?
DSCR
How did you add value to the deal?
Removed carpet for LVP and new appliances and counters.
What was the outcome?
Great investment
Lessons learned? Challenges?
Buy in neighborhoods on the way up and dont just look for deals.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No, I represented myself.
Most Popular Reply
@Mike Cohen - Congrats on the project! Were you able to increase the rents after injecting $41k into the building? If so, by house much? Curious if you calculated an ROI on your capital infusion. Great job!