2751 Jersey Ave, Knoxville, TN 37919

Commercial property for lease

• Description
• Four existing Units and 7 proposed Townhomes withinwalking distance to UT campus. Gross rental incomepotential of $180,000 Anually, Great student rental History.Four 2 bedroom and 1 bath units. Units were remodelled in 2015 and are in excellent condition. Each unit is presently being rented for $650 - $750 per month with the rent being increased to $750 per month starting with new leases. These units normally rent to graduate students and always stay rented. Adjacent lot included with this four-plex. This lot has been engineered for 7 three-story town homes. Architectural drawings have been done for this lot to include 3 bedroom and 3 bath units with 1,600 sq. ft. each. It has been estimated that these units will rent for approximately $1,725 per month ($575 pr bedroom). The proposed site plan and floorplans are in documents. Building price details: $354,900.
• Exterior Features

• Parking Type:

  Surface

• Contact info
• Sharon Bailey

  Realty Executives Associates
• Note

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