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
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