402 Dry Gap Pike

6 Unit Apartment Complex Rented on Airbnb

Offering Details

• Eluzer Brecher transferred his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
• Tokens represent direct ownership in the LLC that owns the property. Eluzer will maintain at least 10% ownership in the LLC indefinitely.
• View proof of Eluzer's ownership prior to the title transfer here. View proof of the title transfer [here](. View the LLC documents here.

Property Details

• 6-unit apartment complex with $88,000 in gross revenue year-to-date through the end of July. View 2025 P&L Statement.
• Rented as vacation rentals on Airbnb, offering both short and long-term stays.
• Conveniently located near interstates 75 and 40, just 6.5 miles from downtown Knoxville, Neyland Stadium, and the UT campus.
• Fully updated interiors with modern finishes, designed to feel more like a stylish home than a hotel.
• Ideal for solo travelers, couples, healthcare workers, patients, and students, with hospitals and attractions nearby.
• Clean, comfortable, and affordable units with easy self check-in/check-out, gourmet kitchens, and free parking.

More About the Seller

• Eluzer Brecher is a seasoned entrepreneur with over two decades of experience in the fashion and real estate industries. He began his business career in 1999 in the fashion sector, where he quickly built a successful operation specializing in the wholesale and retail of fashion jewelry and accessories. Over the years, he developed strong overseas manufacturing partnerships, producing private-label products for retailers across the United States.
• In 2006, Eluzer expanded into real estate by acquiring and managing a 20-unit townhouse portfolio in upstate New York. Since then, he has built an impressive portfolio of rental properties across New York, Georgia, Tennessee, and Florida. Known for his hands-on management style and strategic investment approach, Eluzer has successfully acquired, renovated, and operated a wide range of residential and commercial properties.
• More recently, he has focused on the luxury vacation rental market. Leveraging his deep knowledge of real estate trends, market analysis, and hospitality, Eluzer has transformed multiple properties into high-performing vacation rentals. Each property is thoughtfully curated with premium furnishings, high-end finishes, and top-tier amenities to deliver exceptional guest experiences and above-average returns.
• Eluzer’s real estate strategy blends data-driven decisions, superior design, and a strong commitment to quality. He continues to scale his investment portfolio with a long-term focus on profitability, guest satisfaction, and market leadership.
• Outside of business, Eluzer resides in Brooklyn, New York with his wife and children. He is actively involved in community initiatives and supports numerous charitable organizations. Known for his integrity, dedication, and entrepreneurial spirit, Eluzer has earned a strong and respected reputation within his community.

Property Management and Insurance

• Managed by the co-owner, Eluzer Brecher and
• [Property Management Agreement](
• Insurance Policy

Occupancy Status

• 5/6 units rented on Airbnb offering both short and long-term stays
• The sixth unit is furnished, and Eluzer is making final updates before it’s listed on Airbnb soon
• Unit 1
• Unit 2
• Unit 3
• Unit 4
• Unit 5

Property Leverage

• This property has a loan balance of $525,000 View the loan documents here.
• The interest-only (4.5%) mortgage payments will be deducted from gross rental income before distributing cash flow to owners.

Location Data

• "B" Rating for Zip Code on Niche

Due Diligence Documents

• Title Report
• Appraisal
• Inspection Report
• Operating Agreement
• View All Documents