2626 Tecoma Drive
- Recent updates — Property features ongoing improvements and refreshed interiors, reducing near-term maintenance needs and enhancing renter appeal.
- Strong North Knoxville location — Quiet neighborhood near Whittle Springs with quick access to shops, dining, major roadways, and Downtown Knoxville.
- Rent growth potential — Current rents sit below market averages in the submarket, providing clear upside for future increases.
Property Description
SVN | Wood Properties is proud to present 2626 Tecoma Drive presents an outstanding 10 unit investment opportunity in the heart of North Knoxville. This well-kept multifamily property sits in a quiet, residential neighborhood near Whittle Springs, offering tenants a comfortable suburban lifestyle just minutes from downtown. The property’s convenient access to major roadways, shopping centers, and dining options enhances its long-term appeal for both residents and investors. Each unit has been thoughtfully maintained, featuring functional layouts and desirable amenities that attract steady tenant demand. Currently generating $973 per month in rental income per unit, the property provides immediate cash flow while maintaining strong occupancy potential in a consistently growing market. Its clean curb appeal and reliable performance make it a low-maintenance addition to any portfolio. With a market rent of $1,150 per unit, 2626 Tecoma Drive offers clear value-add potential and an attractive opportunity for increased returns. Its blend of location, stability, and upside makes it an ideal choice for investors seeking a dependable, income-producing asset in one of Knoxville’s most promising rental corridors. This property also has extra room in the rear of the property to build additional units and/or to create more parking or amenities. This property is part of a 129 Unit portfolio that can be purchased together.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,100,000 |
| No. of Units: | 10 |
| Average Occupancy: | 7.08 |
| Year Built: | 1978 |
| Lot Size: | 0.80 Acres |
| Opportunity Zone: | No |
| Price per unit: | $110,000 |
| Property Website | Click Here |
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Brokers
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Remax Professionals
Re/Max Real Estate Professionals | New York
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout