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Archived 6 months ago

$1,300,000

rooms 0 ba 5022 sqft

406 Dry Gap Pike, Knoxville, TN 37912

Commercial Multifamily

Current Rent **

$8,325

Projected Rent **

$9,200

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Brian James

owner financing. knoxville, TN 6 unit

owner financing with 15% down payment at 7.5% amortized over 30 years with a balloon after 2 years.
6 unit apartment (mixed use) : LTR/STR/MTR
$1.3 milllion. $90,000 NOI. 7% Cap Rate. Turnkey.

https://knoxville6unit.com/

Location:

406 Dry Gap Pike, Knoxville, TN 37912

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.