Updated Oct 28, 2024
Tyson Court Apartments LLC Acquires Multifamily Property In Knoxville, TN For $6.6M
140 Jennings Avenue, Knoxville, Tennessee 37917, United States
$6,600,000
Units
30
Asset Type
MultiFamily
Closing
Dec 13, 2021
About this deal
AI
The multifamily property located at 140 Jennings Ave in Knoxville, TN has been sold. The property consists of 30 units and was sold for a total price of $6,600,000, which equates to a per unit price of $220,000. The sale was facilitated by Daniel Odle & Sam Harrell from the brokerage firm LawlerWood, who represented the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Address: 140 Jennings Ave, Knoxville, TN
- Market: Knoxville, TN
- Seller: LawlerWood
- Seller's Rep: Daniel Odle & Sam Harrell - LawlerWood
Tyson Court Apartments LLC acted as the buyer in this transaction. The sale of this multifamily property marks a significant investment opportunity in the Knoxville, TN market.
Players
Knoxville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93