BEDS0
BATHS
MLS#1323862
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
NEIGHBORHOODKnox County - 1
Property Description
SVN | Wood Properties is proud to present 412 Watauga Drive is a prime 9 unit North Knoxville property in Fountain City, combining a quiet neighborhood with quick access to downtown and major routes.Units are renter-ready, currently earning an average rent of $1,057/unit per-month with a market average rent of $1,245, offering immediate cash flow and upside. The property features an additional unrented 3-bedroom, 2-bathroom unit with a connected garage. Full renovation of this unit represents an opportunity to significantly enhance NOI and cash flow performance.Current ownership has redone all water and sewer lines leaving this property in great condition with very little capex needed. With its location, strong performance, and growth potential, 412 Watauga Drive is a sharp investment for savvy buyers looking to capitalize on Knoxville's rental market.This property is part of a 129 Unit portfolio that can be purchased together.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Cooling
Fuel Type: Electric
Heating: Central, Electric
Lot Size: 100 X 250
Year Built: 1969
Feature Descriptions
Days on Site: 117
Exterior: Other
Flooring: Hardwood
Lot Dimensions: 100 X 250
Parcel #: 111464
Parking: On Premise Parking
Units: 9
Listed By / Shown By
Listed By
Agency Name: SVN I Wood Properties
Shown By
Agent Name: Corbin Norton
Agent Phone: (423) 748-0503
Agency Title: Crye-Leike Real Estate Services
Source: East Tennessee REALTORS
Estimate Your Payment
Estimated Payment
$ 2,768.96 per month $2,448.12 Principal & Interest $0.00 Property Tax (data not provided by mls) $320.83 Homeowner's Insurance
412 Watagua Drive Drive | MLS# 1323862
This multi-family property located at 412 Watagua Drive Drive, Knoxville, TN 37918 is currently listed for sale with an asking price of $1,100,000. Search Knox County - 1 real estate on cnorton.easttnliving.net today.