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412 Watagua Drive Drive, Knoxville, 37918
Priced At: $1,200,000
Property Details for ID: 1323862
SqFt: 0
Price SqFt: n/a
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2025-12-09T19:51:36Z
Public Remarks: SVN | Wood Properties is proud to present 412 Watauga Drive is a prime 9 unit North Knoxville property in Fountain City, combining a quiet neighborhood with quick access to downtown and major routes. Units are renter-ready, currently earning an average rent of $1,057/unit per-month with a market average rent of $1,245, offering immediate cash flow and upside. The property features an additional unrented 3-bedroom, 2-bathroom unit with a connected garage. Full renovation of this unit represents an opportunity to significantly enhance NOI and cash flow performance. Current ownership has redone all water and sewer lines leaving this property in great condition with very little capex needed. With its location, strong performance, and growth potential, 412 Watauga Drive is a sharp investment for savvy buyers looking to capitalize on Knoxville's rental market. This property is part of a 129 Unit portfolio that can be purchased together.
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Follow King St NW and Emory Pl to N Broadway, Turn right onto N Broadway, Take Garden Dr to Watauga Dr
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