1316 Cecil Ave Knoxville, TN 37917

Listing details for 1316 Cecil Ave, Knoxville, TN 37917 : For sale is a great mixed use property that can cash flow quickly. Just off N Broadway this 2500+ sqft building has a commercial space that operated as a hair stylist shop formerly rent for $800 per month and a 1 bed 1 bath apartment currently rented for $500. Additional walk out storage below could possibly be rented to tenant for additional income. Potential gross income $18K per year or more, estimated expenses after utilities, maintenance, and management fees $5800. NOI of $11,655 per year places cap rate at 11% or more. Self manage for additional income. Would make a great space for accountants, bookkeeping, barber/stylist, attorney, and many other personal service businesses. View the 360 virtual walk thru: https://app.cloudpano.com/tours/bcUm1AMHVp