7601 Old Clinton Pike Pike, Powell, TN 37849

$3,400,000
Property Type: Multi-Family Square Footage: 14,600 Status: Active
Current Price: $3,400,000 List Date: 8/29/2025 Last Modified: 8/29/2025

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.

More Information MLS# 1313653

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: $3,400,000 Status: Active 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: 2025-08-29

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
Listing Office: SVN I Wood Properties
Office Phone: 865-936-9999
Last Updated: August - 29 - 2025
7601 Old Clinton Pike Pike, Powell, TN 37849- MLS# 1313653
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