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Logan Avenue 1807 Logan Ave 6 Unit Apartment Building $2,367,369 CAD ($394,562 CAD/Unit) 9.50% Cap Rate Knoxville, TN 37921
Investment Highlights
- Consistent STR bookings via AIRBNB. Building 1809 is rented to UTK students and young professionals on a month to month basis.
- Close to UTK, Downtown Knoxville, Neyland Stadium and Smokys Baseball Stadium
Executive Summary
Great Investment Opportunity. Features three townhomes consisting of two units per buidling. Unit A are 1000 sqft with 2 bedrooms, 2 private bathrooms. Unit B are 1200 sqft, 2 bedrooms, 2 private bathrooms. All have private balconies. The ground floor level has strage closet, plus stackable washer/dryer in each building.
Smartlocks. Security Cameras. Three 2 car garages, plus 3 parking spaces onsite, plus an additional 4 cars can park on the side of the building; parking across the street (after business hours).
Gross Profit- $17,000/month ($12k STR, $2500/month each unit in building 1809).
Close to UTK campus, downtown and stadiums.
Zoned mixed use.
Smartlocks. Security Cameras. Three 2 car garages, plus 3 parking spaces onsite, plus an additional 4 cars can park on the side of the building; parking across the street (after business hours).
Gross Profit- $17,000/month ($12k STR, $2500/month each unit in building 1809).
Close to UTK campus, downtown and stadiums.
Zoned mixed use.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$284,084
|
$15.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$284,084
|
$15.78
|
| Taxes |
$22,281
|
$1.24
|
| Operating Expenses |
$34,814
|
$1.93
|
| Total Expenses |
$57,095
|
$3.17
|
| Net Operating Income |
$226,989
|
$12.61
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $284,084 |
| Annual Per SF | $15.78 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $284,084 |
| Annual Per SF | $15.78 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,281 |
| Annual Per SF | $1.24 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $34,814 |
| Annual Per SF | $1.93 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $57,095 |
| Annual Per SF | $3.17 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $226,989 |
| Annual Per SF | $12.61 |
Property Facts
| Price | $2,367,369 CAD | Building Class | B |
| Price Per Unit | $394,562 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 18,000 SF |
| Cap Rate | 9.50% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.33/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | mixed use - Zoned Residential and Commercial. | ||
| Price | $2,367,369 CAD |
| Price Per Unit | $394,562 CAD |
| Sale Type | Investment |
| Cap Rate | 9.50% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 18,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.33/1,000 SF |
| Zoning | mixed use - Zoned Residential and Commercial. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Tile Floors
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Dining Room
- Instant Hot Water
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Private Bathroom
- Walk-Up
- Smoke Detector
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 094KV-013 | Total Assessment | $793,274 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $22,281 CAD ($1.24 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
094KV-013
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$793,274 CAD (2025)
Annual Taxes
$22,281 CAD ($1.24 CAD/SF)
Tax Year
2024
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Logan Avenue | 1807 Logan Ave
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