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7003 Old Clinton Pike, Knoxville, 37921
Priced At: $580,000
Property Details for ID: 1323395
SqFt: 2,688
Price SqFt: $216
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2025-12-03T17:53:03Z
Public Remarks: Turnkey 4-Unit Investment Opportunity in Prime Knoxville Location Well-positioned 4-plex located in the heart of a thriving shopping and dining district. This property features four separate 1-bedroom, 1-bath units, each offering approximately 672 square feet, private entrances, and designated parking. Two units have been extensively renovated with granite countertops, updated appliances, new flooring, and fresh paint. The remaining two units offer recent updates including new flooring and paint, providing a balanced mix of stabilization and future upside. Major systems including HVAC and windows have been updated, reducing near-term capital expenditure concerns. Tenants are responsible for all utilities and trash service, contributing to an efficient operating structure. Investment Highlights: • Current gross income: $48,000 annually • Scheduled rent increases bring projected gross income to $50,400.00 starting June 2026. • Low operating expense structure (annually 6K-7k, including property taxes of $1,375) • Stabilized NOI approximately $37,000+ under conservative underwriting •6%-7%+ return potential for owner-operator Located just minutes from I-75, shopping, dining, healthcare, parks, and schools -- an area that continues to support strong rental demand. Financial summary available upon request.
Schools Information
Sorry, school information is not available for this listing.Building Description
SqFt (Total): 2,688
Exterior Features
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Property Details
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Annual Operating Expenses: 6,115
Net Operating Income: 42,000
HOA Information
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CLINTON HWY TO 7003 OLD CLINTON PIKE
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
Four Reasons to Use BJ Swinehart
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!