Thank you for choosing Pat McCollum! As one of the Knoxville area's premier Real Estate Brokers, we are uniquely qualified to help you find the perfect property. On the lake, around town or out on a farm, Pat McCollum is here to help!
Public Remarks: Premier Multi-Family Investment Opportunity - 1412 & 1418 Armstrong Ave, Knoxville, TN Unlock the potential of two prime multi-family properties at 1412 & 1418 Armstrong Avenue, offering a versatile income stream with a mix of long-term and short-term rental units in a sought-after Knoxville location. Property Breakdown: 1412 Armstrong Ave - Established 8-Unit Apartment Building Fully occupied 8-unit building consisting of all one-bedroom, one-bath units Strong rental history with reliable cash flow and consistent tenant demand Classic charm with modern upgrades, providing an attractive option for long-term tenants 1418 Armstrong Ave - Profitable Short-Term Rental Property 4-unit building operating as a high-yield short-term rental (2) Three-bedroom, one-bath townhome-style units, rented by the room for maximum revenue (2) One-bedroom, one-bath units, ideal for individual short-term guests 8 total rentable units available for nightly stays, catering to Knoxville's growing tourism and business traveler market Investment Highlights: Diverse rental strategy: Stable long-term tenants at 1412 Armstrong, high-yield short-term rental flexibility at 1418 Armstrong High-demand location: Close to downtown Knoxville, UT campus, and major attractions, ensuring steady occupancy Turnkey income potential: Fully operational with strong rental performance across both properties This unique investment package combines passive long-term rental income with high-profit short-term rental potential, creating a balanced, high-earning asset in Knoxville's thriving rental market. 📞 Contact us today to explore this exceptional multi-family opportunity!
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. We can provide you names of Mortgage Loan Officers that will provide you more details on your payment and total down payment.
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