5211 Pocahontas Drive
5211 Pocahontas Drive, Knoxville, TN 37914
$2,695,000
MLS# 1342605
Listing courtesy of Sexton Real Estate Services, Inc. · Ivann Garcia
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About this property
Introducing 21 Individual Unit Investment Portfolio For Sale... The individual units are conveniently located next to each other with improvements made to each of the properties that include: full interior remodels, the replacement of numerous HVAC systems, the installation of metal roofs, as well as additional new parking spaces. Each unit has identical layouts, consisting of two bedrooms and one bathroom, with washer and dryer connections. The color schemes and grade finishes are consistently applied throughout the units. The owner and property managers have had no noise complaints and minimal maintenance issues. This investment opportunity is located approximately 10 min from downtown Knoxville and 15 min to Sevierville. Commuting to employment opportunities, dining establishments, educational institutions, and public transportation is highly convenient. The units sit within a residential neighborhood consisting of predominantly owner-occupied, single-family homes. Pocahontas Drive leads to a cul-de-sac, producing minimal through traffic, is surrounded by woods and provides for a quiet environment. Tenants benefit from the absence of shared walls with neighbors, assigned parking spaces, private decks, and in-unit washer and dryer connections. Lease terms stipulate that tenants are responsible for paying the first month's rent and a security deposit. Water, trash, pest control, and lawn care services are included in the rent. Tenant pays their electric and internet services. Currently, the average rent per unit is $1,410. Current owners focus has been to approve tenants with higher grossing incomes, in an effort to create stable/consistent rental income. (Additional investment portfolio details/financials are available upon approved request for qualified Investors/Buyers)
Subdivision: Chilhowee Hills Pt Lots 1-10
MLS #1342605 · East Tennessee REALTORS® MLS
Property facts
- Status
- Active
- Property type
- Multi-Family
- Bedrooms
- —
- Bathrooms
- 0
- Living area
- 12,600 sq ft
- Lot size
- —
- Year built
- 1,982
- County
- Knox County - 1
- Price / sq ft
- $214/sq ft
- Days on market
- 139
- MLS number
- 1342605
- Listing office
- Sexton Real Estate Services, Inc.
Features
- On Premise Parking
Location
5211 Pocahontas Drive, Knoxville, TN, 37914
Listing data courtesy of East Tennessee REALTORS® MLS
Listing content is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Spring Mountain Realty PLLC. All measurements, acreage, room counts, and permitted uses are approximate and should be independently verified by the buyer.
Properties marketed by brokerages other than Spring Mountain Realty PLLC are identified with the listing office name. Listings that a seller has excluded from internet display are not shown, and addresses are withheld where the seller has requested it.
Spring Mountain Realty PLLC is an Equal Housing Opportunity brokerage. We do not provide guidance on schools, demographics, or the composition of any area. Buyers are encouraged to research those subjects using independent public sources.
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