$200,000
$1,200,000
83.3%For more information regarding the value of a property, please contact us for a free consultation.
116 Viking Rd Oak Ridge, TN 37830
2,682 SqFt
Key Details
Sold Price $200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,682 sqft
Price per Sqft $74
MLS Listing ID 1252013
Sold Date 04/19/24
Originating Board East Tennessee REALTORS® MLS
Year Built 1943
Lot Dimensions 118x248x150x302
Property Description
Incredible INVESTMENT OPPORTUNITY in Oak Ridge - 12 Unit Apartment Complex!
*MOTIVATED SELLER*
Welcome to this prime investment opportunity in the heart of Oak Ridge, Tennessee! This 12-unit apartment complex presents a unique blend of modern luxury and promising potential.
Property Features:
4 Fully Renovated Units: Everything is NEW top to bottom. Unit upgrades include HVAC, plumbing, electrical, appliances, washer and dryer in each unit, windows, sheet rock, lighting, flooring, and more. These units are metered separately and each unit has been fitted with fire suppression heat detected sprinkler systems, hard wired smoke alarms and fire alarms. These are sure to be maintenance free for many years.
8 Partially Renovated Units with New Framing that is framed in with all rooms including laundry rooms in each unit, windows, Siding, Roofs, water supply lines ready for plumbing, and for fire suppression installation, temporary power pole set up for both buildings : The remaining 8 units boast brand new structural enhancements, ensuring longevity and low maintenance costs. Future tenants will enjoy the benefits of upgraded exteriors and improved energy efficiency.
Buildings are situated on over 2 acres of beautiful level land for tenant and owner enjoyment, or potential expansion!
Conveniently situated in the heart of Oak Ridge, the complex is within close proximity to schools, parks, shopping centers, and major transportation routes, making it an attractive choice for potential tenants.
Thriving Rental Market: Oak Ridge's established rental market which is continuing to grow exponentially makes this property a sound investment choice, providing a steady income stream for the discerning investor.
All three buildings are separately parceled. Parcel #s: 108-114 is #099E F 011.00, 116-122 is #099E F 012.00, 124- 130 is #099E F 013.00
The owners are motivated to sell, offering an opportunity for investors who are capable.
Act now to secure this valuable asset by contacting me today! Don't let this opportunity pass you by!
Buyers responsibility to verify all information is correct. Owner agent.
Location
State TN
County Anderson County - 30
Rooms
Other Rooms Bedroom Main Level
Interior
Interior Features Pantry
Heating Central, Electric
Cooling Central Cooling
Flooring Carpet, Vinyl
Appliance Dishwasher, Dryer, Washer, Smoke Detector, Self Cleaning Oven, Refrigerator
Heat Source Central, Electric
Exterior
Exterior Feature Windows - Vinyl, Porch - Covered, Doors - Energy Star
Garage On-Street Parking, Off-Street Parking
Garage Description On-Street Parking, Off-Street Parking
Roof Type Asphalt, Shingle
Parking Type On-Street Parking, Off-Street Parking
Garage No
Building
Faces From turnpike head north on Viking. Just beyond Vienna rd they are the 2nd, 3rd, and 4th buildings on the left.
Structure Type Vinyl Siding,Brick,Block,Frame
Others
Restrictions Yes
Tax ID 099E F 012.00
Energy Description Electric
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional
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