Property Description

SVN | Wood Properties is proud to present 3014 Forestdale Ave - a beautifully updated 32 unit multifamily property in North Knoxville, just minutes from downtown. This well-maintained building features modern one-bedroom, one-bath units.Each unit currently rents for $980 per month on average, with market rent potential of $1,150, offering immediate upside for investors. Recent renovations and included utilities - water, landscaping, and waste service - make for easy ownership and strong tenant appeal. Included with the property is a vacant building that could be turned into an onsite laundry room, or a 33rd unit for additional income.This property also includes .75 acres (+/-) in the rear part of the property that could be used to build additional units, parceled and sold off, or used to create amenity space.With its prime location, solid in-place income, and room to grow rents, this property stands out as a turnkey investment opportunity in one of Knoxville's steadily growing neighborhoods - a true plus for any multifamily portfolio.This property is part of a 129 Unit portfolio that can be purchased together.For full financial documents please visit https://svnwood.com/inventory/?propertyId=1576427-sale

Property Features