University of Tennessee College Rental | 1414 Highland Ave
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University of Tennessee College Rental 1414 Highland Ave
1 Unit Apartment Building $1,125,000 ($1,125,000/Unit) 7.15% Cap Rate Knoxville, TN 37916
INVESTMENT HIGHLIGHTS
- Located close to the University of Tennessee in Knoxville, TN
- Off-Street Parking Area for Rental Included
- Quality Renovation, Turn-Key Investment, No Improvement Needed
EXECUTIVE SUMMARY
Check out this hard-to-find Investment Gem! Located in the Fort Sanders neighborhood in Knoxville, TN, and renovated in 2015, this investment rental is Quality Throughout. Fort Sanders is primarily a student rental market located next to the University of Tennessee, and if you know the area, you will understand the superb location of this address for tenants attending the University. The house is a total of 1 unit (the whole house, not divided). It boasts 6 bedrooms, 4 bathrooms, 2 kitchens, and its own parking lot. It is fully rented through the 2026 (spring) rental season, and you will find those rents are well below current market! Current rents may be low by as much as 40%! This property is in fantastic condition, and it will not last long. Come take a look! Showings are by appointment only, and a minimum of 24hrs of prior notice will be required to tour the property. Do not disturb tenants on site and call Agent for more information.
PROPERTY FACTS Under Contract
| Price | $1,125,000 | Apartment Style | Single Family Home |
| Price Per Unit | $1,125,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 1,970 SF |
| Cap Rate | 7.15% | Average Occupancy | 100% |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2015 |
| Property Subtype | Apartment | Parking Ratio | 2.54/1,000 SF |
| Price | $1,125,000 |
| Price Per Unit | $1,125,000 |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Lot Size | 0.11 AC |
| Building Size | 1,970 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2015 |
| Parking Ratio | 2.54/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 6+4 | 1 | - | 1,970 |
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Walk Score®
Very Walkable (84)
ZONING
| Zoning Code | RN-5 (Medium density residential district comprising a heterogeneous mix off single-family, two-family, townhouse, and multi-family dwellings.) |
| RN-5 (Medium density residential district comprising a heterogeneous mix off single-family, two-family, townhouse, and multi-family dwellings.) |
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University of Tennessee College Rental | 1414 Highland Ave
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