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Elyria Apartments 211 Elyria Dr 16 Unit Apartment Building $1,900,000 ($118,750/Unit) Knoxville, TN 37912
INVESTMENT HIGHLIGHTS
- Fully renovated one-bedroom units (~565 SF each) with modern finishes, offering turnkey operations and strong tenant appeal.
- Located in a stable North Knoxville corridor with convenient access to downtown, major employers, retail, and transit.
- Major recent capital improvements including a new roof, new gutters, added on-site laundry room, and a freshly resealed/striped parking lot.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $1,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $118,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.70 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 14,208 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Price | $1,900,000 |
| Price Per Unit | $118,750 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 14,208 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.2/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 068LG-027 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $312,000 |
PROPERTY TAXES
Parcel Number
068LG-027
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$312,000
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Elyria Apartments | 211 Elyria Dr
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