719 Murray Rd NW

Investment Overview

719 Murray Drive presents a value-add multifamily investment opportunity in Knoxville featuring four residential units within an approximately 3,256-square-foot, two-story building situated on approximately 0.519 acres. The property offers a mix of two 2BR/1BA units and two 1BR/1BA units.

The property provides an opportunity for an investor to complete renovations and reposition the asset. One unit is currently occupied under a one-year lease, while the remaining three units have been cleared and primed, providing a clean starting point for a new owner to complete interior finishes and bring the units back online.

Significant capital improvements have already been completed, including a newer roof, upgraded electrical service boxes, new concrete, gutters, landscape cleanup, and preparation of the vacant units for renovation. With much of the initial preparation already complete, 719 Murray Drive offers the potential to finish the remaining improvements, establish new rents, and move the property toward stabilized occupancy.

Property Highlights

• $460,000 Asking Price
• 3,256 SF multifamily building
• 0.519 acres
• 4 residential units
• Unit mix: Two 2BR/1BA and two 1BR/1BA units
• 1 unit occupied under a one-year lease
• 3 units vacant, cleared and ready for finishes
• Value-add renovation and lease-up opportunity
• Recent capital improvements include:

1. Newer roof
2. Upgraded electrical service boxes
3. New concrete
4. New gutters
5. Landscape cleanup
6. Preparation of three units for renovation

• Off-street parking
• May be purchased independently or together with 711 Murray Drive