2055 Washington Ave, Knoxville, TN 37917

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Solange V.

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Building Details:

• Year Built: 1971

2055 Washington Ave is amulti-family property for lease in Knoxville, TN.

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Six townhouse units in an attractive brick & vinyl apartment in the gentrifying Parkridge community.

Built in 1971. Each unit is 2 bedrooms, 1.5 bath townhouse-style with bedrooms on the 2nd floor. Features plenty of off-street parking and washer/dryer connections in each unit. KAT bus stop at the property and a short drive to I-40, Knoxville Center Mall, downtown Knoxville and the University of Tennessee.

Cash-on-cash return of 15.64%; 10.3% cap rate on existing rents. Investors will appreciate that all utilities are separately metered and paid by the tenants. New roof in 2012 and complete new HVAC (conventional split system) in approx. 2005.

Interested parties are encouraged to drive the property, but please do not
talk to or otherwise disturb the residents. Call listing agents to arrange a tour.

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