Property Description

Value-add multifamily opportunity in Knoxville featuring four residential units with a mix of two2BR/1BA and two 1BR/1BA units. The approximately 3,256-square-foot building sits on approximately 0.52 acres and offers an opportunity for an investor to complete renovations and reposition the property.Three of the four units have been cleared and primed, leaving a largely blank canvas for a newowner to complete finishes to their specifications. One unit remains occupied under a one-year lease, with the remaining three units currently vacant. Significant capital improvements have been completed in recent years, including a newer roof, upgraded electrical service boxes, and new concrete and gutters, along with landscape cleanup and preparation of the vacant units for renovation. The owner's improvement schedule identifies the roof, electrical service, concrete, unit preparation, landscape cleanup, and gutters among the recent work completed at the property.With much of the initial preparation already complete, 719 Murray Drive offers an investor the opportunity to finish the units, establish new rents and bring the property back to stabilizedoccupancy.

Property Features