Property Type:
Residential Income
Baths:
8
Status:
Active
Current Price:
$895,000
List Date:
9/04/2026
Last Modified:
9/04/2026
Overview
Description
INVESTMENT OPPORTUNITY | 7-UNIT MULTIFAMILY | APPROX. 7.53% ANNUALIZED CAP RATE
Offered at $895,000, Cherry Orchard presents an attractive multifamily investment opportunity with established rental income and strong current performance. Based on Jan.-June 2026 financials, the property reflects an approximate 7.53% annualized cap rate at the current asking price.
Current rent roll reflects solid recurring income with additional revenue from utilities, pet rent, and other tenant charges. A strong opportunity for investors seeking cash flow, income stability, and potential upside.
Rent roll and P&L available to qualified buyers. Buyer to verify all financial information.
Last Updated: September - 04 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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