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Golf View Apartments 3300-3374 Valley View Dr 24 Unit Apartment Building $2,900,000 ($120,833/Unit) 5.91% Cap Rate Knoxville, TN 37917
INVESTMENT HIGHLIGHTS
- Garden Style Apts
- All 2 Bedrooms
- Park Like Location
EXECUTIVE SUMMARY
GOLF VIEW APARTMENTS - NORTH KNOX - 24 UNITS - ALL 2BR+1BA - 15% RENTAL UPSIDE
Golf View Apartments consists of 8 buildings in a park like setting on 1.5 acres. Immediately adjacent to the Whittle Springs Golf Course, these spacious units feature excellent amenities including stoves, refrigerators, central HVAC and washer/dryer hookups. This complex enjoys a terrific north Knox location with easy access to bus lines, I-40, I-75, downtown Knoxville & the University of TN. With at least 15% in rental upside, Golf View offers an excellent value add investment. No sign on property. Please do not disturb residents. All showings by appointment.
Golf View Apartments consists of 8 buildings in a park like setting on 1.5 acres. Immediately adjacent to the Whittle Springs Golf Course, these spacious units feature excellent amenities including stoves, refrigerators, central HVAC and washer/dryer hookups. This complex enjoys a terrific north Knox location with easy access to bus lines, I-40, I-75, downtown Knoxville & the University of TN. With at least 15% in rental upside, Golf View offers an excellent value add investment. No sign on property. Please do not disturb residents. All showings by appointment.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$302,700
|
$12.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$14,500
|
$0.60
|
| Effective Gross Income |
$288,200
|
$12.01
|
| Taxes |
$22,210
|
$0.93
|
| Operating Expenses |
$94,613
|
$3.94
|
| Total Expenses |
$116,823
|
$4.87
|
| Net Operating Income |
$171,377
|
$7.14
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $302,700 |
| Annual Per SF | $12.61 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $14,500 |
| Annual Per SF | $0.60 |
| Effective Gross Income | |
|---|---|
| Annual | $288,200 |
| Annual Per SF | $12.01 |
| Taxes | |
|---|---|
| Annual | $22,210 |
| Annual Per SF | $0.93 |
| Operating Expenses | |
|---|---|
| Annual | $94,613 |
| Annual Per SF | $3.94 |
| Total Expenses | |
|---|---|
| Annual | $116,823 |
| Annual Per SF | $4.87 |
| Net Operating Income | |
|---|---|
| Annual | $171,377 |
| Annual Per SF | $7.14 |
PROPERTY FACTS
| Price | $2,900,000 | Apartment Style | Garden |
| Price Per Unit | $120,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.50 AC |
| Cap Rate | 5.91% | Building Size | 19,536 SF |
| Gross Rent Multiplier | 9.58 | Average Occupancy | 88% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2021 |
| Property Subtype | Apartment | Parking Ratio | 2.46/1,000 SF |
| Zoning | RN-1 | ||
| Price | $2,900,000 |
| Price Per Unit | $120,833 |
| Sale Type | Investment |
| Cap Rate | 5.91% |
| Gross Rent Multiplier | 9.58 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 19,536 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2021 |
| Parking Ratio | 2.46/1,000 SF |
| Zoning | RN-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer Hookup
- Security System
- Refrigerator
- Oven
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 24 | $1,113 | 800 |
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $598,720 (2025) | |
| Land Assessment | $0 (2025) | Annual Taxes | $22,210 ($1.14/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$598,720 (2025)
Annual Taxes
$22,210 ($1.14/SF)
Tax Year
2024
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Golf View Apartments | 3300-3374 Valley View Dr
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