$900,000
$950,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
201 Avenue B Knoxville, TN 37920
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
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION