This 60 unit single family and multifamily portfolio located across Oak Ridge and Knoxville, TN. The property includes ten quadplexes, eight single family rentals, six duplexes, and one vacant lot. The portfolio is near 100% occupancy and over half the units have been recently renovated. This portfolio is primarily located in Oak Ridge, Tennessee, a community best known as the home of Oak Ridge National Laboratory--the largest science and energy laboratory in the United States. The local economy is strongly driven by science, technology, and advanced manufacturing, providing a stable employment base. In the past year, billions of dollars have been invested in Oak Ridge by firms such as Tennessee Valley Authority and Oklo, Inc who plan to bring hundreds of new jobs and nuclear advancement to the area. Oak Ridge also benefits from its proximity to Knoxville, a growing metropolitan area that has experienced consistent population growth in recent years.
6 units in booming Oak Ridge! This investor renovation opportunity is located in close proximity to the Oak Ridge Country Club in an established area of town. Five of the six total units are occupied at below market rent on short term leases providing an excellent opportunity to update the units as they are vacated and lease at market rents ($1,300 1 bed, $1,600 2 bed). One of the 6 units (2 bed 1.5 bath) has been fully renovated and is leased for $1,300 per month. Total annual proforma rents - $98,400.00.
Investment opportunity you don't want to miss! Fully renovated duplex in Oak Ridge! Each unit has 2-bedrooms, and 1-bathroom, with tenants already in place. This duplex has a new roof, new plumbing and electrical, new flooring, updated kitchens including new appliances, updated bathrooms, new paint, and new decks. Address includes both 363 and 365. Nothing to do except earn your ROI. *All information provided in this listing is deemed reliable but is not guaranteed. Information has been obtained from the seller and/or third-party sources. Listing broker and agent make no representations or warranties as to the accuracy or completeness of the information provided. Buyers and their agents are advised to conduct their own independent due diligence regarding the entire property, including but not limited to: septic systems, well systems, age and condition of mechanical systems and roof, square footage, lot size, surveys, zoning, permits, taxes, and any other material facts. Buyer is responsible for verifying all information to their satisfaction. Listing agent has no ownership interest in the property.
Oak Ridge Quadplex is being sold 'as is' VACANT as a value-add investment. Minor updates have been made by the current owner. Gives an investor the opportunity to renovate and rent at market rates in a very tight rental market.
Fantastic investment opportunity in Oak Ridge! This duplex features one spacious 2-bedroom, 1-bath unit, and one 3-bedroom, 1-bath unit, each with new LVP flooring and washer/dryer hookups for added convenience. $2,500 monthly income!. The units offer functional layouts with plenty of natural light. The property includes a shared yard space, perfect for outdoor enjoyment or tenant gatherings. Conveniently located near local amenities, schools, and shopping, this property is ideal for investors or owner-occupants seeking rental income. Don't miss this chance to own a versatile duplex in a desirable area!
Fantastic investment opportunity in Oak Ridge! This duplex features one spacious 2-bedroom, 1-bath unit, and one 3-bedroom, 1-bath unit, each with new LVP flooring and washer/dryer hookups for added convenience. $2,500 monthly income!. The units offer functional layouts with plenty of natural light. The property includes a shared yard space, perfect for outdoor enjoyment or tenant gatherings. Conveniently located near local amenities, schools, and shopping, this property is ideal for investors or owner-occupants seeking rental income. Don't miss this chance to own a versatile duplex in a desirable area!
Turn-key investment opportunity in the heart of Oak Ridge! This fully occupied duplex is a proven income producer, featuring two spacious 2-bedroom, 1-bathroom units. Each side is equipped with individual laundry hookups and sits on a generous lot offering ample outdoor space for tenants. With a combined monthly rental income of $1,325 and a history of consistent occupancy, this property is a 'set-and-forget' addition to any portfolio.
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Andrea D. Conner, License 344441, Xome Inc., License 262361, [email protected], 844-400-XOME (9663), 751 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067
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Oak Ridge is located in Tennessee. Oak Ridge, Tennessee has a population of 31,087. Oak Ridge is more family-centric than the surrounding county with 32.35% of the households containing married families with children. The county average for households married with children is 26.97%.
The median household income in Oak Ridge, Tennessee is $60,542. The median household income for the surrounding county is $55,414 compared to the national median of $69,021. The median age of people living in Oak Ridge is 39.5 years.
The average high temperature in July is 88.5 degrees, with an average low temperature in January of 28.3 degrees. The average rainfall is approximately 52.7 inches per year, with 6.2 inches of snow per year.