Asking Price: $1,175,000
Building Size: 15,000 SQ FT
Lot Size: 54450
Cost per Square Foot: $78.33
SVN | Wood Properties is pleased to present this Cedar Lane multi-family investment portfolio that includes an 8-Unit apartment complex located at 2523 Cedar Lane, as well as the adjacent duplex located at 2517/2519 Cedar Lane, and the three adjacent single family homes located at 2511, 2513, and 2515 Cedar Lane. Each property is completely leased and has been owned and managed by the same family for nearly 40 years.
The Cedar Lane assets are located less than a quarter mile west of N. Broadway Street's most traveled retail corridor. In addition, the properties are conveniently located near Knox County's public schools and the I-640 loop.
Key Points: 100% leased Upside opportunity with increased rents Multiple newly renovated units Never listed for sale Strong tenant retention Opportunity to own whole block of prime investment real estate Separately metered KAT bus line stop across the street