Knoxville, TN 37920,201 Avenue B
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Knoxville, TN 37920,201 Avenue B
Knoxville, TN 37920,201 Avenue B
Knoxville, TN 37920,201 Avenue B

$900,000

Est. payment /mo

$950,000

5.3%
Est.Price: ?

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201 Avenue B Knoxville, TN 37920

SOLD DATE : 04/23/2021

Key Details

Sold Price $900,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Southland Park Lot 3

MLS Listing ID 1141025

Sold Date 04/23/21

Originating Board East Tennessee REALTORS® MLS

Year Built 1973

Lot Dimensions 151x140xIRR

Property Description

Great investment in South Knoxville, less than ten minutes from Downtown and the University of Tennessee! Eight out of twelve units have been recently renovated and quickly leased at an increase of $300 per unit. Four original units remain, allowing an investor to continue cosmetic renovations and increase rent. Ten out of twelve units are occupied with more move-ins expected soon. The sewer line was recently replaced and the roof is in good condition. The residents pay their own electric while the landlord pays water and sewer.

- Value-add
- In Opportunity Zone
- Brick Building
- Recent Renovations
- Near Downtown and University of Tennessee

Location

State TN

County Knox County - 1

Rooms

Other Rooms Mstr Bedroom Main Level

Interior

Heating Other

Cooling Other

Flooring Laminate, Carpet, Vinyl, Other

Appliance Smoke Detector, Refrigerator

Heat Source Other

Exterior

Garage On Premise Parking

Garage Description On Premise Parking

Roof Type Shingle

Parking Type On Premise Parking

Garage No

Building

Faces South on Martin Mill Pike to RT on Avenue A to LT on Julian to LT on Avenue B to property on LT

Structure Type Brick

Others

Tax ID 123HN01001

Energy Description Other Fuel

Acceptable Financing New Loan, Cash, Conventional

Listing Terms New Loan, Cash, Conventional

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Listed by SVN I Wood Properties

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Katelyn Waters

Agent | License ID: 363091

+1(865) 660-5194 | katelyn@brickmortarproperties.com

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