Investment Highlights

Room to Grow Rents: Nearby properties with similar vintage have been renovated and are achieving over $100 on 1BD and over $300 on 2BD and 3BD units.

Repositioned Asset Following Major Renovation: Current Ownership spent roughly $718,277 renovating the interiors and exteriors. Unit renovations include apartment interiors, including flooring and appliances, pool upgrades, new roof, and additional exterior improvements.

Knoxville is a Top 5 Market for Rent Growth: According to Moody Analytics, Knoxville has been the 2nd best performing market nationally during the pandemic with 4.9% rent growth in the last year.

Desirable West Knoxville Location: The property is located in the 37919 zip code, one of Knoxville’s most sought after locations. 

  • 60% of residents have a bachelor’s degree compared to just 44% for the county
  • Multiple home sales over $1,000,000 in the last 90 days with 2 homes selling for $2,000,000+
  • High median income with almost 30% of the 37919 residents earning over six-figures

Top Public Schools in the County: The property is zoned for the 2nd rated high school (West High School), 3rd rated middle school (Bearden Middle), and 5th rated elementary (Bearden Elementary) in the county.

Central to Major Demand Drivers: Greentree Homes offers its tenants convenient access to some of Knoxville’s largest demand drivers, including:

  • University of Tennessee: 9,384 employees & over 30,000 students. 70% of the student body lives off campus. $1.7 billion annual impact to the state
  • University of Tennessee Medical Center: 5,458 employees & 685 Beds
  • Covenant Health: 9,792 employees

Proximity to Popular Knoxville Retail: Greentree Homes is located within 15 minutes of the following major retail centers:

  • West Town Mall: 1,300,000 SF, anchored by Belk, JCPenney, and Dillard’s
  • Center at Deane Hill: 389,000 SF, anchored by Food City, Old Navy, Kohl’s, & Bed, Bath, & Beyond
  • The Shops at Western Plaza: 182,000 SF, anchored by The Fresh Market & CVS
  • Market Place Shopping Center: 95,704 SF, anchored by The Home Depot and Gabe’s

Ideal Location for Outdoor Enthusiasts - Knoxville currently has over 86 miles of paved greenway and nature trails for the residents of Knoxville. The closest greenway is only 2 miles away, Third Creek Greenway Park, spanning over 4.5 miles.

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