603 Unaka | 1807 Logan Ave
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603 Unaka 1807 Logan Ave
3 Unit Apartment Building $1,650,000 ($550,000/Unit) Knoxville, TN 37921
Investment Highlights
- Distance to University of Tennessee
- Distance to Downtown Knoxville
- New Construction
Executive Summary
Turnkey STR Opportunity: Two of the townhouses are already staged for short-term rentals, and initial demand has been overwhelming. Generating $10K+ a month since August
Flexibility: Ideal for rental income, student housing, or as luxurious urban residences.
High-End Appeal: Upscale finishes, spacious layouts, and prime location create strong rental and resale value.
Flexibility: Ideal for rental income, student housing, or as luxurious urban residences.
High-End Appeal: Upscale finishes, spacious layouts, and prime location create strong rental and resale value.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$180,000
|
$20.00
|
| Other Income |
$3,600
|
$0.40
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$183,600
|
$20.40
|
| Taxes |
$9,900
|
$1.10
|
| Operating Expenses |
$22,000
|
$2.44
|
| Total Expenses |
$31,900
|
$3.54
|
| Net Operating Income |
$151,700
|
$16.86
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $20.00 |
| Other Income | |
|---|---|
| Annual | $3,600 |
| Annual Per SF | $0.40 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $183,600 |
| Annual Per SF | $20.40 |
| Taxes | |
|---|---|
| Annual | $9,900 |
| Annual Per SF | $1.10 |
| Operating Expenses | |
|---|---|
| Annual | $22,000 |
| Annual Per SF | $2.44 |
| Total Expenses | |
|---|---|
| Annual | $31,900 |
| Annual Per SF | $3.54 |
| Net Operating Income | |
|---|---|
| Annual | $151,700 |
| Annual Per SF | $16.86 |
Property Facts
| Price | $1,650,000 | Building Class | B |
| Price Per Unit | $550,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 9,000 SF |
| No. Units | 3 | Average Occupancy | 25% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Townhome | Parking Ratio | 0.56/1,000 SF |
| Price | $1,650,000 |
| Price Per Unit | $550,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 9,000 SF |
| Average Occupancy | 25% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.56/1,000 SF |
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Views
- Deck
- Office
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 3 | $2,375 | 3,000 |
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PROPERTY TAXES
| Parcel Number | 094KV-013 | Total Assessment | $17,040 |
| Land Assessment | $0 | Annual Taxes | $9,900 ($1.10/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
094KV-013
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$17,040
Annual Taxes
$9,900 ($1.10/SF)
Tax Year
2024
zoning
| Zoning Code | C-G-1 and R3 (603 Unaka - single parcel zoned GC construction build on the site zoned Res R3 up to 3 stories and 4 families will need survey to rezone residential) |
| C-G-1 and R3 (603 Unaka - single parcel zoned GC construction build on the site zoned Res R3 up to 3 stories and 4 families will need survey to rezone residential) |
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603 Unaka | 1807 Logan Ave
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