Description
UNITS: 97 | Year Built: 1969/2020 | SQFT: 78,764
INVESTMENT HIGHLIGHTS
Marcus and Millichap is pleased to present the Gardens at Knoxwood, a 97-unit apartment complex nestled behind Knoxville’s 47-acre Botanical Garden. This investment provides an investor with an opportunity for strong returns in a city recognized for its rapid growth.
Stabilized Asset | Recession-Resistant Opportunity
This asset has been stabilized allowing for a predictable outcome and demand. Furthermore, renters in workforce housing tend to be long-term tenants that live by necessity, making this an attractive asset to investors due to its resilience during economic down-turns.
Buy and Hold
Favorable debt markets provide strong cash-on-cash return opportunity for a great buy and hold play in a desirable submarket.
Access to Top Notch Employment
Home to cable TV’s HGTV and corporate headquarters of Bush Brothers and Co., Petro’s Chili & Chips and Pilot Corporation make Knoxville an attractive business environment in a region with a low cost of doing business.
Listing Details
| Price: | $Market Bid |
|---|---|
| Address: | 2627 Wimploe Ave |
| City: | Knoxville |
| State: | Tennessee |
| Zip Code: | 37914 |
| Year Built: | 1969/2020 |
| Floors: | 3 |
| Property Type: | Multifamily |
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