Log In/Sign Up
Your email has been sent.
Forestdale Apartments 3014 Forestdale Ave 32 Unit Apartment Building $5,308,880 CAD ($165,903 CAD/Unit) Knoxville, TN 37917
INVESTMENT HIGHLIGHTS
- Ownership-friendly utility structure — Water, landscaping, and waste service are included, simplifying management and enhancing tenant retention.
- Turnkey asset with recent renovations — Updated 1BR/1BA units featuring modern finishes, and minimal CapEx needs.
- Solid stabilized performance with growth potential — A great fit for investors seeking a low-maintenance, income-producing asset in a growing submarke
EXECUTIVE SUMMARY
SVN | Wood Properties is proud to present 3014 Forestdale Ave — a beautifully updated 32 unit multifamily property in North Knoxville, just minutes from downtown. This well-maintained building features modern one-bedroom, one-bath units.
Each unit currently rents for $980 per month on average, with market rent potential of $1,150, offering immediate upside for investors. Recent renovations and included utilities — water, landscaping, and waste service — make for easy ownership and strong tenant appeal. Included with the property is a vacant building that could be turned into an onsite laundry room, or a 33rd unit for additional income.
This property also includes .75 acres (+/-) in the rear part of the property that could be used to build additional units, parceled and sold off, or used to create amenity space.
With its prime location, solid in-place income, and room to grow rents, this property stands out as a turnkey investment opportunity in one of Knoxville’s steadily growing neighborhoods — a true plus for any multifamily portfolio.
This property is part of a 129 Unit portfolio that can be purchased together.
Each unit currently rents for $980 per month on average, with market rent potential of $1,150, offering immediate upside for investors. Recent renovations and included utilities — water, landscaping, and waste service — make for easy ownership and strong tenant appeal. Included with the property is a vacant building that could be turned into an onsite laundry room, or a 33rd unit for additional income.
This property also includes .75 acres (+/-) in the rear part of the property that could be used to build additional units, parceled and sold off, or used to create amenity space.
With its prime location, solid in-place income, and room to grow rents, this property stands out as a turnkey investment opportunity in one of Knoxville’s steadily growing neighborhoods — a true plus for any multifamily portfolio.
This property is part of a 129 Unit portfolio that can be purchased together.
PROPERTY FACTS
| Price | $5,308,880 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $165,903 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.97 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 21,760 SF |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 2.07/1,000 SF |
| Price | $5,308,880 CAD |
| Price Per Unit | $165,903 CAD |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.97 AC |
| Building Size | 21,760 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.07/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Refrigerator
- Oven
- Range
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | 680 |
1 1
PROPERTY TAXES
| Parcel Number | 070JJ-007 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $810,929 CAD |
PROPERTY TAXES
Parcel Number
070JJ-007
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$810,929 CAD
1 of 23
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Forestdale Apartments | 3014 Forestdale Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.