5101 Asheville Hwy, Knoxville, TN 37914

Choose nearby businesses to show on the map:

Building Details:

• Year Built: 1960

5101 Asheville Hwy is located in Knoxville, TN.

Holston Place Apartments is an attractive, 23-unit, all-brick apartment building in the desirable Holston Hills area. The property is easy to keep rented due to its very visible location at the corner of Asheville Highway and Chilhowee Dr.

The property is well-located for singles or families with children. For kids, it is directly across the street from Chilhowee Intermediate School and less than a mile from Holston Middle School. The property is also convenient to work anywhere in the county as it is less than one mile from the I-40 interchange. Drive time to downtown Knoxville is 8 minutes, 10 minutes to the University of Tennessee-Knoxville campus, and 10 minutes to Forks of the River Industrial Park.

The property has a mix of efficiencies, 1 and 2-bedroom units, one of which is a 2 bedroom with a bonus room. Bedrooms are generous such as 11x14 in the 1-BR units. Some floors are hardwood, others carpet and vinyl in the kitchens and baths.

The new owner will enjoy having on-site storage with two 10x24’ garages and an 11x24’ storage area. One of these areas was previously used as a coin laundry room so a new owner could increase their NOI by re-installing washers & dryers.

The property has been well-maintained. Roof and gutters were replaced spring 2012.

Occupancy is currently 91%. Rent Roll included in this package is shown at asking rents. Contact listing agent for the current rent roll which includes start/end dates and other details.