476, E 482 & 490 Red Bud Rd, Knoxville, TN 37920
Listing provided by: Julie Carter · Keller Williams Signature
Source: East Tennessee REALTORS® MLS · MLS# 1357074
Listing last updated
About this home
THREE RENTAL UNITS | $37,080 GROSS INCOME | SOUTH KNOXVILLE All three units are currently leased, generating $37,080 in annual gross rental income ($3,090/month). Annual operating expenses total approximately $13,933, **including HOA fees of $200 per month per unit**, resulting in an estimated net operating income of $23,147 and a **4.87% cap rate at the new $475,000 asking price**. At approximately $158,333 per unit, this package offers investors three established rental income streams in one purchase. Financial figures exclude property management fees and are subject to buyer verification.
Facts & features
- Bathrooms: 0
- Heating: Central, Electric
- Cooling: Central Cooling
- Included: Range, Dishwasher, Refrigerator, Self Cleaning Oven
- Flooring: Vinyl, Carpet
- Total interior livable area: 2,349 sqft
- Parking features: On Premise Parking
- Attached garage: No
- Size: 0 sqft
- Dimensions: 0
- Exterior features: Balcony
- Parcel number: 109MC00201F
- Tax lot: 476, 482 & 490
- Home type: Multi-Family
- Materials: Brick
- Year built: 1972
- Subdivision: Redbud Condos Unit B6 5.8823% Com Elem
- County: Knox County - 1
- MLS area: Knox County - 1
- Region: Knoxville
- Price: $475,000
- Price per square foot: $202/sqft
- Annual tax: $4,438.95
- Listing terms: Cash, Conventional
- Date on market: Sep 29, 2026
- Days on market: 45
- Status: Active
- MLS #: 1357074
Location
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