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3713 Washington Pike

Knoxville, TN 37917
  • $2,181,000
  • STATUS: Active
  • ON SITE: 110 Days
  • ID#: 1218380
UPDATED: 23 min ago
$2,181,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,535
    SQFT
  • $229
    $/SQFT
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

5 Structures including 11 total units: 9 short term rentals, 1 Long term rental and 1 Office space totally renovated turnkey. This office is the current headquarters of Unique Construction. Existing & projected financials are through May of 2022 and on runrate to project the cap rate of 8.76%. The seller is willing to transfer the existing Airbnb account with over 200 reviews to the new investor.Seller has over $700,000 In capital improvements across the units for a turnkey solution to potential investors. Airbnbs have shown an amazing track record of financials so far in 2022 with plenty of room for growth. Full pro-forma and additional photos available upon request. See supplemental for full list of all addresses & info included.Property addresses: 3713 Washington Pike, Knoxville, TN 37917 Office - 350sq ft 3713 Washington Pike, Knoxville, TN 37917 AirBNB- 1200sq ft/ 2BR/1BA 3715 Washington Pike, Knoxville, TN 37917 AirBNB- 650sqft - 2BR/1BA 3717 Washington Pike, Knoxville, TN 37917 AirBNB - 650sqft/ 2BR/1BA 1218 Murray Drive, Knoxville, TN 37912 AirBNB- 1413sqft/ 2BR/1BA 1218 Murray Drive, Knoxville, TN 37912 Apartment over garage - 1120sq ft 2BR/1BA 11106 Yarnell Road, Knoxville, TN 37932 AirBNB - 1300sqft 3BR/2BA 100 Hamilton Circle, Oak Ridge, TN 37830 AirBNB- 713sqft 2BR/1BA 101 Hamilton Circle, Oak Ridge, TN 37830 AirBNB - 713sqft 2BR/1BA 102 Hamilton Circle, Oak Ridge, TN 37830 AirBNB - 713sqf 2BR/1BA 103 Hamilton Circle, Oak Ridge, TN 37830 AirBNB - 713sqft/ 2BR/1BA

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© 2023 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Adam Wilson Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Adam Wilson Realty. Data last updated: 2023-06-08T07:18:49.81.
www.adamwilsonrealty.com/homes/137077202
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3713 Washington Pike Knoxville, TN 37917

  • Price: $2,181,000
  • Status: Active
  • On Site: 110 Days
  • Updated: 23 min ago
  • ID#: 1218380
0
Beds
0
Baths
0
½ Baths
N/A
Acres
9,535
SQFT
$229
$/SQFT
1920
Built
Neighborhood:
Earl E Vera Mccampbells Pt 2
County:
Knox
Area:
Knoxville
Elementary School:
Spring Hill
Middle School:
Whittle Springs
High School:
Fulton
Property Description
5 Structures including 11 total units: 9 short term rentals, 1 Long term rental and 1 Office space totally renovated turnkey. This office is the current headquarters of Unique Construction. Existing & projected financials are through May of 2022 and on runrate to project the cap rate of 8.76%. The seller is willing to transfer the existing Airbnb account with over 200 reviews to the new investor.Seller has over $700,000 In capital improvements across the units for a turnkey solution to potential investors. Airbnbs have shown an amazing track record of financials so far in 2022 with plenty of room for growth. Full pro-forma and additional photos available upon request. See supplemental for full list of all addresses & info included.Property addresses: 3713 Washington Pike, Knoxville, TN 37917 Office - 350sq ft 3713 Washington Pike, Knoxville, TN 37917 AirBNB- 1200sq ft/ 2BR/1BA 3715 Washington Pike, Knoxville, TN 37917 AirBNB- 650sqft - 2BR/1BA 3717 Washington Pike, Knoxville, TN 37917 AirBNB - 650sqft/ 2BR/1BA 1218 Murray Drive, Knoxville, TN 37912 AirBNB- 1413sqft/ 2BR/1BA 1218 Murray Drive, Knoxville, TN 37912 Apartment over garage - 1120sq ft 2BR/1BA 11106 Yarnell Road, Knoxville, TN 37932 AirBNB - 1300sqft 3BR/2BA 100 Hamilton Circle, Oak Ridge, TN 37830 AirBNB- 713sqft 2BR/1BA 101 Hamilton Circle, Oak Ridge, TN 37830 AirBNB - 713sqft 2BR/1BA 102 Hamilton Circle, Oak Ridge, TN 37830 AirBNB - 713sqf 2BR/1BA 103 Hamilton Circle, Oak Ridge, TN 37830 AirBNB - 713sqft/ 2BR/1BA
Exterior Features

Construction Frame Driveway Yes Garage Parking Off-Street ParkingOn Premise ParkingOn-Street Parking Lot Size 100 X 100 Siding Other

Interior Features

Appliances Other Cooling Ceiling Fan(S)Central Cooling Floors Other Fuel ElectricGas (Natural) Heat Central Other Rooms Other

Property Features

Annual Oper Expenses 101743.00 Auction YN No City County Code City Limits City Taxes 2207.33 County Taxes 1591.30 Gross Annual Income 298762.00 Multifamily Sub Type Other Net Operating Income 197018.00 New Financing CashConventional Owner Expenses AdvertisingCommon Area MaintenanceElectricityExterior MaintenanceGasHvac MaintenanceInsuranceJanitorial ServiceLawn MaintenanceLeasing FeesLicensesOtherPool MaintenanceRoof MaintenanceSewerSuppliesTaxesTelephoneTrash CollectionWater Property Status N/A Pud YN No Sale Includes All FurnishingsBuilding And Land Total Tax 3798.63 Type Of Units 1 Bedroom Unit2 Bedroom Unit3 Or More Bdrm UnitsFurnishedOther Utilities Mo Avg 1572.00

Listing information © 2023 Knoxville Area Association of REALTORS®, Inc.
Listing provided courtesy of Young Marketing Group, Realty Executives: (865) 281-1321.


© 2023 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Adam Wilson Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Adam Wilson Realty. Data last updated: 2023-06-08T07:18:49.81.
 
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Adam Wilson Realty
2043 Castaic Ln Suite C
Knoxville TN, 37932