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464-496 E Red Bud Rd #Multi, Knoxville, TN 37920
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464-496 E Red Bud Rd #Multi, Knoxville, TN 37920
Sold for $783,000
464-496 E Red Bud Rd #Multi, Knoxville, TN 37920
Sold for $783,000
464-496 E Red Bud Rd #Multi, Knoxville, TN 37920
464-496 E Red Bud Rd #Multi, Knoxville, TN 37920
464-496 E Red Bud Rd #Multi, Knoxville, TN 37920
464-496 E Red Bud Rd #Multi, Knoxville, TN 37920

464-496 E Red Bud Rd #Multi Knoxville, TN 37920

$783,000

CLOSED
Beds
Baths
0
Sqft
8,155
Year
1972
Close Date
Mar 5, 2021
Property Type
Residential Income
Sub Type
Per Square Foot
$96
Date Listed
Sep 15, 2020

Description of 464-496 E Red Bud Rd #Multi, Knoxville, TN 37920

Listing details for 464-496 E Red Bud Rd #Multi, Knoxville, TN 37920 : BACK ON MARKET DUE TO FINANCING CONTINGENCY! Now is your opportunity to own the majority share of units in this South Knoxville Condo Complex. Super hot area minutes from Downtown and The University of Tennessee these rentals are NEVER empty. The Sokno area is hot & only getting hotter. Currently offered around 5% cap (using 2019 numbers), with 2020 projected earnings we would be at 6.6% cap. Market can easily bear rent increases. Potential cap minimum 7%. Fully occupied with qualified tenants. HOA in place with reserves. HOA dues are $120 per month per unit. Dues cover Water and Sewer, Insurance, Waste Removal and Grounds upkeep. Coin laundry and storage on site, Laundry equipment is negotiable. Meticulously maintained, slam dunk, turn key, smooth transition, money in the bank.
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Listing Updated : 09-21-2026 at 3:50 AM CDT
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Listing Provided By

Sarah Jones, House Hunters, Inc

Properties displayed may be listed or sold by various participants in the MLS

Source

East Tennessee Realtors, MLS#: 1129853

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Property History

DateEventPrice
3/5/2021
Sold
$783,000
$96/sqft
Source:East Tennessee Realtors #1129853
9/15/2020
Listed for sale
—
Source:East Tennessee Realtors #1129853

Location of 464-496 E Red Bud Rd #Multi, Knoxville, TN 37920

Streetview of 464-496 E Red Bud Rd #Multi, Knoxville, TN 37920

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464-496 E Red Bud Rd #multi, Knoxville, TN 37920