$3,000,000
Powell, TN 37849
MLS# 1313653
Status: Closed
14600 sqft
1 / 24
Property Description
Present an exceptional opportunity to acquire a 12-unit townhome portfolio in Powell, TN, a high-demand Knoxville submarket. The property offers a mix of long-term, mid-term, and furnished rentals, generating strong income today with clear upside through rent resets and expanded furnished bookings. Ten spacious 3BR/2BA townhomes (1,200-1,800 SF) each feature in-unit laundry and modern layouts, while two studio units add diversity to the income stream. With two large 3BR units coming available in September, a new owner can immediately reposition for higher rents or mid-term tenants. All appliances and furniture convey with the sale. This is a rare cash-flowing asset with built-in value-add potential. Current ownership has intentionally left rental upside untapped, creating opportunity for the next investor to maximize performance.
Details
Location, Tax & Legal Info
Area: Knox County - 1
City/County Code: County
Elementary School: Powell
Middle School: Powell
Total Tax: 286.56
High School: Powell
Contract Info
Auction Y/N: No
Listing Price: 3400000
Current Price: $3,000,000
Status: Closed
Listing Date: 2025-08-29
General Property Description
Lot Dimensions: 91.29 X 144.84 X IRR
Utilities/Mo Avg: 2940
Property Status: N/A
Driveway: Paved
SqFt - Total (Aprox): 14600
Number of Units: 12
Year Built: 2024
Remarks & Misc
Directions: From the US-25W N, turn right onto W Emory Rd, and then turn left onto Old Clinton Pike.
Public Remarks: Present an exceptional opportunity to acquire a 12-unit townhome portfolio in Powell, TN, a high-demand Knoxville submarket. The property offers a mix of long-term, mid-term, and furnished rentals, generating strong income today with clear upside through rent resets and expanded furnished bookings.
Ten spacious 3BR/2BA townhomes (1,200-1,800 SF) each feature in-unit laundry and modern layouts, while two studio units add diversity to the income stream. With two large 3BR units coming available in September, a new owner can immediately reposition for higher rents or mid-term tenants. All appliances and furniture convey with the sale.
This is a rare cash-flowing asset with built-in value-add potential. Current ownership has intentionally left rental upside untapped, creating opportunity for the next investor to maximize performance.
Property Sub-Type
Apartment: 1
Construction
Frame: 1
Type of Units
Efficiency Unit: 1
3 or more Bdrm Units: 1
Sale Includes
All Furnishings: 1
Building and Land: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Laminate: 1
Luxury Vinyl Plank: 1
Garage/Parking
On Premise Parking: 1
Fuel
Other Fuel: 1
Heat
Central: 1
Other Rooms
Other: 1
Roof
Shingle: 1
New Financing
Cash: 1
Conventional: 1
New Loan: 1
Location Tax Legal Info
House #: 7601
Street Name: Old Clinton Pike
St Suffix: Pike
State/Province: TN
Zip Code: 37849
PIN #: 067AA012
Geo Lat: 36.020979
Geo Lon: -84.053557
Status Change Info
Status Change Date: 2025-12-05
Under Contract Date: 2025-10-03
Sold Date: 2025-11-26
Sold Price: $3,000,000
Property Features
Property Sub-Type: Apartment
Type of Units: Efficiency Unit; 3 or more Bdrm Units
Sale Includes: All Furnishings; Building and Land
Floors: Carpet; Laminate; Luxury Vinyl Plank
Fuel: Other Fuel
Heat: Central
Cooling: Central Cooling
Construction: Frame
Roof: Shingle
Other Rooms: Other
New Financing: Cash; Conventional; New Loan
IDX
Listing Office: SVN I Wood Properties
Office Phone: 865-936-9999
Last Updated: December - 05 - 2025
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.