603 Unaka | 1807 Logan Ave
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603 Unaka 1807 Logan Ave
3 Unit Block of Flats £1,316,453 (£438,818/Unit) Knoxville, TN 37921
Investment Highlights
- Distance to University of Tennessee
- Distance to Downtown Knoxville
- New Construction
Executive Summary
Turnkey STR Opportunity: Two of the townhouses are already staged for short-term rentals, and initial demand has been overwhelming. Generating $10K+ a month since August
Flexibility: Ideal for rental income, student housing, or as luxurious urban residences.
High-End Appeal: Upscale finishes, spacious layouts, and prime location create strong rental and resale value.
Flexibility: Ideal for rental income, student housing, or as luxurious urban residences.
High-End Appeal: Upscale finishes, spacious layouts, and prime location create strong rental and resale value.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£143,613
|
£15.96
|
| Other Income |
£2,872
|
£0.32
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£146,485
|
£16.28
|
| Taxes |
£7,899
|
£0.88
|
| Operating Expenses |
£17,553
|
£1.95
|
| Total Expenses |
£25,451
|
£2.83
|
| Net Operating Income |
£121,034
|
£13.45
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £143,613 |
| Annual Per SF | £15.96 |
| Other Income | |
|---|---|
| Annual | £2,872 |
| Annual Per SF | £0.32 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £146,485 |
| Annual Per SF | £16.28 |
| Taxes | |
|---|---|
| Annual | £7,899 |
| Annual Per SF | £0.88 |
| Operating Expenses | |
|---|---|
| Annual | £17,553 |
| Annual Per SF | £1.95 |
| Total Expenses | |
|---|---|
| Annual | £25,451 |
| Annual Per SF | £2.83 |
| Net Operating Income | |
|---|---|
| Annual | £121,034 |
| Annual Per SF | £13.45 |
Property Facts
| Price | £1,316,453 | Building Class | B |
| Price Per Unit | £438,818 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 9,000 SF |
| No. Units | 3 | Average Occupancy | 25% |
| Property Type | Residential | Number of Floors | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Townhome | Parking Ratio | 0.56/1,000 SF |
| Price | £1,316,453 |
| Price Per Unit | £438,818 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 9,000 SF |
| Average Occupancy | 25% |
| Number of Floors | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.56/1,000 SF |
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Views
- Deck
- Office
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 4+4 | 3 | £1,895 | 3,000 |
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PROPERTY TAXES
| Parcel Number | 094KV-013 | Total Assessment | £13,554 |
| Land Assessment | £0 | Annual Taxes | £7,899 (£0.88/sf) |
| Improvements Assessment | £0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
094KV-013
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£13,554
Annual Taxes
£7,899 (£0.88/sf)
Tax Year
2024
zoning
| Zoning Code | C-G-1 and R3 (603 Unaka - single parcel zoned GC construction build on the site zoned Res R3 up to 3 stories and 4 families will need survey to rezone residential) |
| C-G-1 and R3 (603 Unaka - single parcel zoned GC construction build on the site zoned Res R3 up to 3 stories and 4 families will need survey to rezone residential) |
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603 Unaka | 1807 Logan Ave
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