5525 Jacksboro Pike
Property Description
RARE FOUNTAIN CITY 17 UNIT COMPLEX - ALL BRICK - PRICED AT TAX APPRAISAL Hillside Apartments is professionally managed by Brun Property Management, enjoys just one vacancy and has an excellent unit mix of 16 two bedroom units and 1 one bedroom unit. Upgrades include new windows, fresh paint and HVAC's replaced as needed. There is still over 15% in rental upside and Hillside is priced to sell at Knoxville's recent tax appraisal. This complex enjoys a convenient north Knox location in Fountain City. Fountain City is a bustling suburb of Knoxville with an abundance of local dining options, grocery stores, parks and the famous ''duck pond''. Fountain City has a uniquely neighborhood feeling while offering easy access to bus lines, I-40, I-75, downtown Knoxville, Covenant Baseball Stadium & the University of TN. With at least 15% in rental upside, a great unit mix and terrific location, Hillside Apartments offers an excellent value add investment. No sign on property. Please do not disturb residents. All showings by appointment only.
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,850,000 |
| No. of Units: | 17 |
| Year Built: | 1976 |
| Lot Size: | 13,728.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $108,824 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 0 |
ID: 3yd-KAARMLSTN-1354678
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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