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Gate Manor Apartments 706 E Inskip Dr 14 Unit Apartment Building $1,750,000 ($125,000/Unit) Knoxville, TN 37912
Investment Highlights
- 14 Units - All 1 Bed / 1 Bath
- 8 Units Renovated
- All Brick Building
- Located in North Knoxville, Just 10 Minutes to Downtown
Executive Summary
PWA Properties is pleased to present Gate Manor Apartments, a 14-unit multifamily property located at 706 E Inskip Drive in Knoxville, Tennessee. The all-brick property consists entirely of 1 bed / 1 bath units, with 8 of the 14 units having been renovated, providing an opportunity for an investor to continue renovations and increase rental income.The landlord currently pays water and sewer, with tenants billed back $65 per month, while tenants are responsible for their own electric. The property is located in North Knoxville with convenient access to I-75 and only 10 minutes to downtown Knoxville.
Property Facts
| Price | $1,750,000 | Apartment Style | Garden |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.61 AC |
| No. Units | 14 | Building Size | 8,400 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1979 |
| Zoning | RN-5 | ||
| Price | $1,750,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 8,400 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Zoning | RN-5 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 600 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 069HF-005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $179,040 |
Property Taxes
Parcel Number
069HF-005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$179,040
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