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Updated over 7 years ago on . Most recent reply

User Stats

51
Posts
7
Votes
Sean Kelly
  • Property Manager
  • Nashville, TN
7
Votes |
51
Posts

Why is this still on the market?

Sean Kelly
  • Property Manager
  • Nashville, TN
Posted

I live in Nashville--looking to invest in Knox and Chatt. Spent a few days looking around Knox on redfin and found some interesting properties, trying to get to know the areas and rents vs. home prices.

https://www.redfin.com/TN/Knoxville/1517-Coker-Ave...

Looks like this has been listed for almost 4 months.. $50k/door seams reasonable compared to other units in the area. Rent ready.. and based on P&L it cash flows pretty well, especially if you self manage. Why is this still on the market? Any knoxville natives have any insight? bad part of town? whats the deal? 

  • Sean Kelly
  • Most Popular Reply

    User Stats

    28
    Posts
    11
    Votes
    Jason Mcdaniel
    • Investor
    • Knoxville, TN
    11
    Votes |
    28
    Posts
    Jason Mcdaniel
    • Investor
    • Knoxville, TN
    Replied

    According to my math that's $62,500 a door, right? And it's not a bad area but definitely not the best either. I'd say B- 

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