7601 Old Clinton Pike Pike, Powell, TN 37849
$3,000,000
Property Type:
Multi-Family
Square Footage:
14,600
Status:
Closed
Current Price:
$3,000,000
List Date:
8/29/2025
Last Modified:
12/05/2025
Overview
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.
Listing Details MLS# 1313653
Location Tax Legal Info
- House #
- 7601
- Street Name
- Old Clinton Pike
- St Suffix
- Pike
- State/Province
- TN
- Zip Code
- 37849
- PIN #
- 067AA012
Contract Info
- Auction Y/N
- No
- Listing Price
- 3400000
General Property Description
- SqFt – Total (Aprox)
- 14600
- Lot Dimensions
- 91.29 X 144.84 X IRR
- Number of Units
- 12
- Utilities/Mo Avg
- 2940
- Year Built
- 2024
- Property Status
- N/A
- Driveway
- Paved
Status Change Info
- Status Change Date
- 2025-12-05
- Under Contract Date
- 2025-10-03
- Sold Date
- 2025-11-26
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
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.
More Information
Property Sub-Type
- Apartment
- Yes
Construction
- Frame
- Yes
Type of Units
- Efficiency Unit
- Yes
- 3 or more Bdrm Units
- Yes
Sale Includes
- All Furnishings
- Yes
- Building and Land
- Yes
Cooling
- Central Cooling
- Yes
Floors
- Carpet
- Yes
- Laminate
- Yes
- Luxury Vinyl Plank
- Yes
Garage/Parking
- On Premise Parking
- Yes
Fuel
- Other Fuel
- Yes
Heat
- Central
- Yes
Other Rooms
- Other
- Yes
Roof
- Shingle
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- New Loan
- Yes
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
IDX
Office Phone: 865-936-9999
Last Updated: December – 05 – 2025
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