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$ 1,200,000
Est. payment /mo
New
412 Watagua Drive DR Knoxville, TN 37918
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1323862
Year Built 1969
Lot Dimensions 100 X 250
Source East Tennessee REALTORS® MLS
Property Description
SVN | Wood Properties is proud to present 412 Watauga Drive is a prime 9 unit North Knoxville property in Fountain City, combining a quiet neighborhood with quick access to downtown and major routes.
Units are renter-ready, currently earning an average rent of $1,057/unit per-month with a market average rent of $1,245, offering immediate cash flow and upside.
The property features an additional unrented 3-bedroom, 2-bathroom unit with a connected garage. Full renovation of this unit represents an opportunity to significantly enhance NOI and cash flow performance.
Current ownership has redone all water and sewer lines leaving this property in great condition with very little capex needed.
With its location, strong performance, and growth potential, 412 Watauga Drive is a sharp investment for savvy buyers looking to capitalize on Knoxville's rental market.
This property is part of a 129 Unit portfolio that can be purchased together.
Units are renter-ready, currently earning an average rent of $1,057/unit per-month with a market average rent of $1,245, offering immediate cash flow and upside.
The property features an additional unrented 3-bedroom, 2-bathroom unit with a connected garage. Full renovation of this unit represents an opportunity to significantly enhance NOI and cash flow performance.
Current ownership has redone all water and sewer lines leaving this property in great condition with very little capex needed.
With its location, strong performance, and growth potential, 412 Watauga Drive is a sharp investment for savvy buyers looking to capitalize on Knoxville's rental market.
This property is part of a 129 Unit portfolio that can be purchased together.
Location
State TN
County Knox County - 1
Rooms
Other Rooms Other
Interior
Heating Central, Electric
Cooling Central Cooling
Flooring Hardwood
Heat Source Central, Electric
Exterior
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Shingle
Garage No
Building
Faces Follow King St NW and Emory Pl to N Broadway, Turn right onto N Broadway, Take Garden Dr to Watauga Dr
Structure Type Other
Others
Tax ID 111464
Energy Description Electric
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional
Listed by SVN I Wood Properties