Log In/Sign Up
Your email has been sent.
2523 Cedar Ln 8 Unit Apartment Building $1,360,000 ($170,000/Unit) 6.13% Cap Rate Knoxville, TN 37918
EXECUTIVE SUMMARY
8 Plex For Sale in Fountain City!
Orel Brodt with Alliance Sotheby’s International Realty proudly presents this turnkey investment opportunity in North Knoxville.
This fully leased, income-producing 8-unit multifamily building at 2523 Cedar Ln offers immediate cash flow with stable, long-term tenants in a high-demand rental corridor just minutes from downtown Knoxville, the University of Tennessee, and major employment centers.
A great opportunity for investors seeking steady performance, this property delivers consistent rental income from day one.
• 2523 Cedar Ln: 8 units – all 2 bed, 1 bath
Rent roll, pro forma, and interior photos available upon request. Contact listing agent for more information.
Orel Brodt with Alliance Sotheby’s International Realty proudly presents this turnkey investment opportunity in North Knoxville.
This fully leased, income-producing 8-unit multifamily building at 2523 Cedar Ln offers immediate cash flow with stable, long-term tenants in a high-demand rental corridor just minutes from downtown Knoxville, the University of Tennessee, and major employment centers.
A great opportunity for investors seeking steady performance, this property delivers consistent rental income from day one.
• 2523 Cedar Ln: 8 units – all 2 bed, 1 bath
Rent roll, pro forma, and interior photos available upon request. Contact listing agent for more information.
PROPERTY FACTS Under Contract
| Price | $1,360,000 | Apartment Style | Low-Rise |
| Price Per Unit | $170,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 6.13% | Building Size | 9,129 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Price | $1,360,000 |
| Price Per Unit | $170,000 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 9,129 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Ceiling Fans
- Refrigerator
- Carpet
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Wheelchair Accessible
- Trash Pickup - Curbside
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 058KB-058 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $151,690 |
PROPERTY TAXES
Parcel Number
058KB-058
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$151,690
1 of 24
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2523 Cedar Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.