Duplex on .24 Acre, Sutherland Ave

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30349197
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 2 Units
Building Size (RSF): 896 SF
Gross Building Area: See Agent
Gross Land Area: 0.24 Acres
Sale Price: $69,000
Unit Price: $34,500 Per Unit
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/12/2019

Overview / Comments

Duplex on .24 acre along Sutherland Ave is currently zoned I-2 but the new Knoxville recode will have CG-2 zoning. The duplex has a tenant who is getting free rent in exchange for maintenance work being done for property owner. The other unit is currently empty.

Square footage and acreage are per public record, not guaranteed and should be verified.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $1,560 (Annual)
Tax Value Land $55,700
Tax Value Improvements $29,400
Assessed Value - Total($) $85,100 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 107EL024 / 107EL023
Site Description: .24 Acre level lot in between two neighborhood businesses. Located along the busy Sutherland Ave corridor and just minutes from University of Tennessee campus.
Area Description: One half block south of Liberty St and Sutherland Ave intersection.
Total Number of Buildings: 1
Year Built: 1925
Air Conditioning: Window Unit
Lot Frontage: 80
Lot Depth: 125

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,071 71,989 169,979
Median Age: 31.95 31.97 34.97
Households: 4,381 28,845 72,370
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