101148 . 9 Home SFR Knoxville | Chattanooga, TN

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9 Home SFR Knoxville | Chattanooga, TN, Knoxville, TN 37909

All homes are single-family detached 
Asset mix consists of two 3 bedroom, six 4 bedroom and one 5 bedroom 
Average home size of 2,043 square feet 
Average lot size of 23,861 
Average vintage of 1983 
The average asking price per home is $388,889 
100% leased to fully vetted tenants 
Average current monthly rent is 2,384 
Stabilized year 1 net cap rate of 6.10% 
Stabilized year 1 NOI of $213,497
All SVN® Offices Independently Owned & Operated
Local Broker License Information: www.SFRhub.com/realstatelicensing

Property Description

Contact:
TOM JOHNSTON
Director of Brokerage Services
SVN | SFRhub Advisors
T: 602.825.1780
C: 602.403.3695
tom.johnston@svn.com
License #: BR507919000

BOR:
SVN | The Genesis Group
Carnell Scruggs
Managing Director

Visit www.SFRhub.com and search for portfolio 101148 for more information. SVN | SFRhub Advisors is pleased to present to this 9 -home SFR portfolio scattered about Knoxville, TN. The asset mix includes two three-bedroom, six four-bedroom, and one five-bedroom home. All the homes were built between 1938-2021 with an average vintage of 1983. This portfolio has an average dwelling size of 2,043 SqFt and 23,861 SqFt average lot size. The average asking price per home is $388,889. The seller purchased the homes one at a time over the past decade. Upon acquisition, the seller deployed the necessary capital to improve the homes. Improvements include kitchen and bath remodels, new roofs and repairs, new water heaters, new HVAC units where needed, as well as cosmetic alterations during tenant turns. The homes are 100% occupied with fully vetted tenants. Many of the tenants have been in place for the past year if not longer. All these homes are inside a subdivision. From the mountains to the Mississippi, Tennessee boasts some of the country’s lowest housing costs and a skilled and dedicated workforce focused on perfection. Their business-friendly environment and history of innovation brings many of the world’s greatest brands to the Volunteer State. The major occupations in Knoxville are Office and Administrative Support, Sales, Transportation, and Material Moving. The cost of living is 16.5% lower in Knoxville than in the U.S. average. Chattanooga, a city in southeastern Tennessee, is set along the Tennessee River in the foothills of the Appalachian Mountains. Its trolley-like Incline Railway scales steep Lookout Mountain before reaching Ruby Falls waterfall and Rock City, featuring sweeping views, sandstone formations, and gardens. In June 2022, the median listing home price in Chattanooga, TN was $325K, trending up 25% year-over-year.
 

Key Property Information

Listing Status
Unavailable
Listing Type
Highest & best offer
Multifamily type
Single Family Rental Portfolio
No. of Units
9
Average Occupancy
100%
Year Built
1983
Building Size
18,385.98 Sq ft
Lot Size
214,751.00 sq ft
Opportunity Zone
No
Buy Side Fee
50%

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