Description
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.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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50,710SQFT
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$157$/SQFT
School Ratings & Info
Description
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.
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