Elevate Townhomes

For Sale

7601 Old Clinton Pike, Powell, TN 37849

This Powell property for sale is located at 7601 Old Clinton Pike. The current listed sale price for Elevate Townhomes is $3,400,000. Elevate Townhomes is situated on a lot that is 0.23 acre in size.

Contacts

broker
Ford Collier

SVN | Wood Properties

Property Details

  • Property Type Multi-Family
  • Property Size 14,600 SF
  • Units 12
  • Lot Size 0.23 Acre
  • Date Updated Aug 28, 2025
Located in Powell, TN, a high-demand Knoxville submarket.SVN Wood Properties is pleased to 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.
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Highlights

  • Mix of long-term, mid-term, and furnished rentals with washer/dryer in unit
  • Pro-forma Net Income: $403,200
  • Ten 3BR/2BA townhomes (1,200–1,800 SF) plus two studio units
  • Two 3BR units coming available September 2025

Getting around

  • 49/100

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  • 25/100

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Location

  • City Powell, TN
  • Zip Code 37849
  • Market Knoxville

Points of Interest

  • Three Rivers Rambler

    7.90 miles

  • Gas N' Go

    0.40 miles

  • Texaco

    1.56 miles

  • Pilot

    1.72 miles

  • Shell

    1.82 miles

  • Walmart

    1.89 miles

  • Kroger

    1.93 miles

  • Aztec

    2.97 miles

  • Weigel's

    3.39 miles

  • Tesla Supercharger

    6.51 miles

  • EVgo

    6.67 miles

  • Gospel Baptist Church

    5.70 miles

  • Brookview Parking Garage

    6.46 miles

  • Haw Ridge

    7.50 miles

  • Guest Parking Lot

    7.93 miles

  • C9

    8.05 miles

  • White Avenue Parking Garage

    8.09 miles

  • Staff Parking

    8.10 miles

  • Student Parking

    8.11 miles

  • Lake Avenue Parking Garage

    8.11 miles

  • Handicap Parking

    8.12 miles

  • Holiday Inn Express Knoxville

    3.08 miles

  • Scottish Inns Knoxville

    3.09 miles

  • Super 8 by Wyndham Knoxville North/Powell

    3.41 miles

  • Knights Inn

    3.52 miles

  • Days Inn by Wyndham Knoxville North

    3.52 miles

  • La Quinta Inn & Suites Knoxville North I-75

    3.75 miles

  • Holiday Inn Express Knoxville-North

    3.75 miles

  • Comfort Inn Knoxville

    4.00 miles

  • Motel 6

    4.27 miles

  • Holiday Inn Knoxville N - Merchant Drive

    4.34 miles

  • Food City

    0.43 miles

  • Walmart Supercenter

    1.83 miles

  • Kroger

    1.88 miles

  • Target

    1.98 miles

  • Ross

    1.98 miles

  • ALDI

    2.05 miles

  • Marshalls

    2.09 miles

  • Ingles

    3.50 miles

  • Monarca Tienda y Carniceria

    3.61 miles

  • Walmart Neighborhood Market

    3.92 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Ford Collier

SVN | Wood Properties

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