4848 Scheel Rd | Knoxville, TN 37912
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4848 Scheel Rd
Knoxville, TN 37912
The Flats at Scheel · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Full property renovation completed in 2020, including a full gut rehab down to the studs, requiring a new Certificate of Occupancy
- Unit renovations included new flooring, doors, kitchen cabinets, countertops, light fixtures, bathroom vanities, toilets, and appliances
- Rents are currently $162 below market rates.
- In 2020, $51,648 was spent on capital improvements upgrading the buildings electrical system to city requirements, rebuilding the stairs, and repaving
- All PTAC units and water heaters replaced in 2020
- Offers due this Friday the 21st by 5 PM CST
Property Facts
| No. Units | 20 | Lot Size | 0.90 AC |
| Property Type | Multifamily | Building Size | 14,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1972/2020 |
| Building Class | B | Parking Ratio | 5.71/1,000 SF |
| Zoning | R-4 | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.90 AC |
| Building Size | 14,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2020 |
| Parking Ratio | 5.71/1,000 SF |
| Zoning | R-4 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 700 |
Property Taxes
| Parcel Number | 069HC-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $406,000 |
Property Taxes
Parcel Number
069HC-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$406,000
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