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The Views on Inskip 609 E Inskip Dr 24 Unit Apartment Building $4,707,300 CAD ($196,138 CAD/Unit) 6.32% Cap Rate Knoxville, TN 37912
INVESTMENT HIGHLIGHTS
- Approximately $575,000 in capital improvements have been completed within the past 36 months
- All HVAC units replaced between 2021 and 2022
- Stainless-steel appliances are provided in all units
- Full interior renovation completed across all 24 units
- Half of the roofs replaced in 2025 and the remaining half replaced in 2025
- Office on the property can be converted into an additional income-producing unit
EXECUTIVE SUMMARY
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/192595/the-views-on-inskip
Marcus & Millichap has been selected to exclusively market for sale the Views on Inskip in Knoxville, TN. This offering will allow a potential investor to purchase a turnkey investment opportunity located in East Tennessee.
The Views on Inskip is a fully renovated 24-unit multifamily community in the growing North Knoxville submarket. Over $575,000 in recent capital improvements include complete interior upgrades, new HVAC systems, and roof replacements in 2022 and 2025. Each unit features stainless-steel appliances, and the property offers an on-site laundry facility with potential to convert the office into an additional income-producing unit. The asset provides investors with turnkey operations and durable cash flow in a strong Knoxville location.
Purchase terms shall require an assumption of the current debt in place. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of The Views on Inskip.
Marcus & Millichap has been selected to exclusively market for sale the Views on Inskip in Knoxville, TN. This offering will allow a potential investor to purchase a turnkey investment opportunity located in East Tennessee.
The Views on Inskip is a fully renovated 24-unit multifamily community in the growing North Knoxville submarket. Over $575,000 in recent capital improvements include complete interior upgrades, new HVAC systems, and roof replacements in 2022 and 2025. Each unit features stainless-steel appliances, and the property offers an on-site laundry facility with potential to convert the office into an additional income-producing unit. The asset provides investors with turnkey operations and durable cash flow in a strong Knoxville location.
Purchase terms shall require an assumption of the current debt in place. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of The Views on Inskip.
PROPERTY FACTS
| Price | $4,707,300 CAD | Apartment Style | Garden |
| Price Per Unit | $196,138 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.86 AC |
| Cap Rate | 6.32% | Building Size | 17,400 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1982 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Zoning | RN-1 | ||
| Price | $4,707,300 CAD |
| Price Per Unit | $196,138 CAD |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 17,400 SF |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 1.09/1,000 SF |
| Zoning | RN-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 24 | - | 725 |
1 1
PROPERTY TAXES
| Parcel Number | 069HC-02101 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $762,808 CAD |
PROPERTY TAXES
Parcel Number
069HC-02101
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$762,808 CAD
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The Views on Inskip | 609 E Inskip Dr
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