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311 Silver Pl 7 Unit Apartment Building $1,378,601 CAD ($196,943 CAD/Unit) 6.76% Cap Rate Knoxville, TN 37917
Investment Highlights
- We cleaned up tenancy and are beginning to fill it back up. If you want to choose your tenants, now is the time to step in!
Executive Summary
311 Silver Place is a 7-unit multifamily asset in Historical North Knoxville currently in the process of lease-up following a foreclosure transition and operational reset. Ownership has completed tenant roster cleanup and implemented a new rent structure, including a built-in water/sewer reimbursement component (will be included in rents on new leases), to support stabilized cash flow.
This opportunity is intentionally positioned for a hands-on owner-operator seeking to complete stabilization and benefit from self-management. Under a stabilized, self-managed scenario, the property offers compelling yield relative to comparable small multifamily assets.
No short-term rental income is assumed. Utilities shall been normalized following vacancy and transition-related usage. Ideal for local investors comfortable executing lease-up and ongoing management to unlock long-term income and appreciation.
Built prior to 1978 - Lead Based Paint potential exists.
This opportunity is intentionally positioned for a hands-on owner-operator seeking to complete stabilization and benefit from self-management. Under a stabilized, self-managed scenario, the property offers compelling yield relative to comparable small multifamily assets.
No short-term rental income is assumed. Utilities shall been normalized following vacancy and transition-related usage. Ideal for local investors comfortable executing lease-up and ongoing management to unlock long-term income and appreciation.
Built prior to 1978 - Lead Based Paint potential exists.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Attic
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 081MS-014 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $326,011 CAD |
Property Taxes
Parcel Number
081MS-014
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$326,011 CAD
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Presented by
Pace Probity Asset Management
311 Silver Pl
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