5216 Tillery Rd, Knoxville, TN 37912

Five-unit townhome community offering immediate income and excellent value-add potential in a convenient Knoxville location. Each two-story unit features two bedrooms, one-and-a-half bathrooms, a well-configured main living area, generous closet space, and a dedicated laundry room off of a private rear patio. The property currently generates over $76,000 in annual rental income, with all five tenants now on month-to-month agreements--providing the next owner with flexibility to renovate, reposition, and evaluate future rental rates. Each unit is separately metered, with tenants responsible for all utilities. Additional features include a paved parking lot, backyard space, and a low-maintenance exterior. Built in 1972, the property would benefit from further updating, presenting an opportunity for an investor to improve the long-term performance of the asset. Conveniently located along the city bus line near Victor Ashe Park, downtown Knoxville, the University of Tennessee, and within...