2751 Jersey Ave is amulti-family property for lease in Knoxville, TN.
Four existing Units and 7 proposed Townhomes within
walking distance to UT campus. Gross rental incomepotential of $180,000 Anually, Great student rental History.
Four 2 bedroom and 1 bath units. Units
were remodelled in 2015 and are in excellent
condition. Each unit is presently being rented for
$650 per month with the rent being increased to
$700 per month starting with new leases. These
units normally rent to graduate students and
always stay rented.
Adjacent lot included with this four-plex. This lot
has been engineered for 7 three-story town
homes. Architectural drawings have been done
for this lot to include 3 bedroom and 3 bath units
with 1,600 sq. ft. each. It has been estimated that
these units will rent for approximately $1,725 per
month ($575 pr bedroom).
The proposed site plan and floorplans are in documents.