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311 Silver Pl 7 Unit Apartment Building $1,049,950 ($149,993/Unit) 6.44% Cap Rate Knoxville, TN 37917
Investment Highlights
- We cleaned up tenancy and are beginning to fill it back up. If you want to choose your tenants, now is the time to step in!
Executive Summary
311 Silver Place is a 7-unit multifamily asset in Historical North Knoxville currently in the process of lease-up following a foreclosure transition and operational reset. Ownership has completed tenant roster cleanup and implemented a new rent structure, including a built-in water/sewer reimbursement component (will be included in rents on new leases), to support stabilized cash flow.
This opportunity is intentionally positioned for a hands-on owner-operator seeking to complete stabilization and benefit from self-management. Under a stabilized, self-managed scenario, the property offers compelling yield relative to comparable small multifamily assets.
No short-term rental income is assumed. Utilities shall been normalized following vacancy and transition-related usage. Ideal for local investors comfortable executing lease-up and ongoing management to unlock long-term income and appreciation.
Built prior to 1978 - Lead Based Paint potential exists.
This opportunity is intentionally positioned for a hands-on owner-operator seeking to complete stabilization and benefit from self-management. Under a stabilized, self-managed scenario, the property offers compelling yield relative to comparable small multifamily assets.
No short-term rental income is assumed. Utilities shall been normalized following vacancy and transition-related usage. Ideal for local investors comfortable executing lease-up and ongoing management to unlock long-term income and appreciation.
Built prior to 1978 - Lead Based Paint potential exists.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Attic
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (81)
Property Taxes
| Parcel Number | 081MS-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $236,120 |
Property Taxes
Parcel Number
081MS-014
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$236,120
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Presented by
Pace Probity Asset Management
311 Silver Pl
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