5211 Pocahontas Drive, Knoxville, TN 37914
Local realty services provided by:Better Homes and Gardens Real Estate Jackson Realty
5211 Pocahontas Drive,Knoxville, TN 37914
$2,950,000
- - Beds
- - Baths
- 12,600 sq. ft.
- Multi-family
- Active
Listed by: ivann garcia
Office: sexton real estate services, inc.
MLS#:1342605
Source:TN_KAAR
Price summary
- Price:$2,950,000
- Price per sq. ft.:$234.13
About this home
Introducing 21 Individual Unit Investment Portfolio For Sale... The individual units are conveniently located next to each other with improvements made to each of the properties that include: full interior remodels, the replacement of numerous HVAC systems, the installation of metal roofs, as well as additional new parking spaces. Each unit has identical layouts, consisting of two bedrooms and one bathroom, with washer and dryer connections. The color schemes and grade finishes are consistently applied throughout the units. The owner and property managers have had no noise complaints and minimal maintenance issues.
This investment opportunity is located approximately 10 min from downtown Knoxville and 15 min to Sevierville. Commuting to employment opportunities, dining establishments, educational institutions, and public transportation is highly convenient. The units sit within a residential neighborhood consisting of predominantly owner-occupied, single-family homes. Pocahontas Drive leads to a cul-de-sac, producing minimal through traffic, is surrounded by woods and provides for a quiet environment.
Tenants benefit from the absence of shared walls with neighbors, assigned parking spaces, private decks, and in-unit washer and dryer connections. Lease terms stipulate that tenants are responsible for paying the first month's rent and a security deposit. Water, trash, pest control, and lawn care services are included in the rent. Tenant pays their electric and internet services.
Currently, the average rent per unit is $1,410. Tenants are not eligible for assistance programs, but the units can pass inspections for available programs should the new owner choose to accept them. Current owners focus has been to approve tenants with higher grossing incomes, in an effort to create stable/consistent rental income. (Additional investment portfolio details/financials are available upon approved request for qualified Investors/Buyers)...
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Home facts
- Year built:1982
- Subdivision & Development:Chilhowee Hills Pt Lots 1-10
- Listing ID #:1342605
- Added:69 day(s) ago
- Updated:August 06, 2026 at 02:47 PM
Rooms and interior
- Living area:12,600 sq. ft.
Heating and cooling
- Cooling:Central Cooling
- Heating:Central, Electric
Structure and exterior
- Year built:1982
- Building area:12,600 sq. ft.
- Construction Materials:Frame
Schools
- High school:Austin East/Magnet
- Middle school:Holston
- Elementary school:Sunnyview
Finances and disclosures
- Price:$2,950,000
- Price per sq. ft.:$234.13
Parking
- Parking description:On Premise Parking
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