Thank you for choosing Leona Skiles! 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, Leona Skiles is here to help!
Public Remarks: CALLING INVESTORS! Fabulous opportunity to own the majority share of units in this South Knoxville Condo Complex. Super hot area minutes from Downtown and The University of Tennessee these rentals are NEVER empty. The Sokno area is hot & only getting hotter. Currently offered around 5% cap (using 2019 numbers), with 2020 projected earnings we would be at 6.6% cap. Market can easily bear rent increases. Potential cap minimum 7%. Fully occupied with qualified tenants. HOA in place with reserves. HOA dues are $120 per month per unit. Dues cover Water and Sewer, Insurance, Waste Removal and Grounds upkeep. Coin laundry and storage on site, Laundry equipment is negotiable. Meticulously maintained, slam dunk, turn key, smooth transition, money in the bank.
Chapman Hwy South to Left on E Red Bud Rd, follow to building on Right. Easy access also from Sevierville Pike to Right on Red Bud, Building on Left.
Instructions: Enter numbers and decimal points. No commas or other characters.
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.
Buying or Selling real estate should be fun and simple. With Leona Skiles, that's exactly what you can expect. We will strive to make each and every interaction a professional and pleasant experience!