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1500 N Cherry St
Knoxville, TN 37917
Multifamily Property For Sale
·
186 Units
Investment Highlights
- 88,378 SF hotel property offered as multifamily conversation opportunity in desired city of Knoxville, TN
- Full package of required permits, plans, survey, feasibility analysis, Phase 1 report along with the city’s approved multifamily zoning
- Versatile property for multifamily real estate investors, including apartment rentals, student housing or extended stay
- Sale includes two hotel buildings and a restaurant sitting on 3.9 acres of land. 186 studio apartments, plus 5,679 SF of restaurant
- Partially operational hotel with cash flow in place
- Located in a high dense rapidly growing city with high demand for apartments or student housing
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 186 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $524,320 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$524,320
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