211 Elyria Drive
- Fully renovated one-bedroom units (~565 SF each) with modern finishes, offering turnkey operations and strong tenant appeal.
- Major recent capital improvements including a new roof, new gutters, added on-site laundry room, and a freshly resealed/striped parking lot.
- Located in a stable North Knoxville corridor with convenient access to downtown, major employers, retail, and transit.
- Solid cash-flowing asset with clear investor upside through continued rent growth in a strong, supply-constrained Knoxville rental market.
Property Description
SVN | Wood Properties is proud to present 211 Elyria Drive, is a prime 16 unit multifamily gem in North Knoxville, offering the perfect mix of quiet neighborhood living and quick access to downtown and major routes. The units have all been updated and are well-kept, and renter-ready, currently generating $995 per month per unit with reliable cash flow. With the recent cap-ex put into the property and a market rent of $1,150, this property presents exciting upside and a strong opportunity for investors looking to capture growth in Knoxville’s thriving rental market. This property is part of a 129 Unit portfolio that can be purchased together.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,750,000 |
| No. of Units: | 16 |
| Average Occupancy: | 6.95 |
| Year Built: | 1975 |
| Lot Size: | 0.70 Acres |
| Opportunity Zone: | No |
| Price per unit: | $109,375 |
| Property Website | Click Here |
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