4227 Coster Rd
Knoxville, TN 37912
Multifamily Property For Sale · 20 Units

20-unit, all-brick, 2-story, market rate apartment building in the Inskip community. Fully occupied. Convenient, close-in north location with easy access to I-75 and I-640. Groceries, banking, restaurants and other retail close-by. The unit mix consists of 19 easy-to-rent one-bedroom (1BR/1BA) garden units (approx. 500 sf) and one huge (1,525 sf), four-bedroom (4BR/2BA) townhouse-style, “Manager's apartment” with its own laundry room, dual entrance and parking. Each unit has its own traditional split HVAC and hard-wired smoke detectors. Ample parking (32 spaces). Floors in all living areas are carpeted. Kitchens and bathrooms have vinyl tile flooring. . Entry doors are metal and interior doors are hollow core wood. Interior walls and ceilings are painted and/or textured drywall. Ceiling height is 8 feet. Well-maintained with no known deferred maintenance. New roof in 2012. Tenants pay own Electric (separately metered). Landlord pays water/sewer, security lights and natural gas for common hot water heater (circulated to all units). Strong rental history and high occupancy make this an attractive investment. In addition, it is believed to have substantial potential upside from rent increases. (No current voucher residents.) Occupancy subject to change.