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!
LAST UPDATED
|
2/27/2025
|
YEAR BUILT
|
1920
|
COMMUNITY
|
Knox County - 1
|
COUNTY
|
Knox County - 1
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
AIR |
Central Air |
AIR CONDITIONING |
Yes |
AREA |
Knox County - 1 |
CONSTRUCTION |
Block, Frame |
HEAT |
Central, Electric, Natural Gas |
LOT DIMENSIONS |
120x185 |
PARKING |
Off Street, On Street |
TAXES |
15580.32 |
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Listed with Capstone Realty Group
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