JUST REDUCED! Income Producing Property - 4 Buildings on 1.4 Acres

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30635053
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 2,029 SF
Gross Building Area: See Agent
Sale Price: $225,000
Unit Price: $56,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/2/2020

Overview / Comments

ATTENTION INVESTORS THIS PROPERTY IS BACK ON THE MARKET! MAJOR PRICE REDUCTION! 4 buildings for the price of one! Buying this property will be a great way to wealth & make immediate significant profit. Property sits on 1.4 acres & consists of 4 separate buildings which include: BLDG #1 - 3 BR 2 BA home approx. 2029 SF; BLDG #2 - 2 BR 1 BA 800 SF apartment over a 2 car garage; BLDG #3 - dollhouse style house w/ loft & full bath; and BLDG #4- 40' x 60' workshop w/ paint booth, office & bath. Tenants currently occupy 40' x 60' workshop & apartment. POTENTIAL GROSS MONTHLY INCOME IS OVER $1,900. Or, live in the home and receive rent from the 2 bedroom apartment. The charming, currently unoccupied, 3 bedroom home has hardwood floors and sits on a tree-filled lot in an established neighborhood. Minutes from I-40, University of TN and Downtown Knoxville.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox City & County
Tax ID/APN: 0718014 / 108619
Zoning: RESIDENTIAL
Highway Access: Easy access to I-40 and Downtown Knoxville.
Airports: McGhee Tyson Airport
Total Number of Buildings: 4
Property Condition: Fair
Year Built: 1950
Construction/Siding: Other
Parking Type: Surface
Parking Description: Driveway leading to home, apartment with 2 car garage and dollhouse style house. Separate driveway leading to 40' X 60' workshop.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Lot Frontage: 146.26 feet
Lot Depth: 426 feet
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 146.25 X 426 X IRRKnox County

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,823 43,542 116,880
Median Age: 42.06 39.45 35.81
Households: 2,164 19,246 47,721

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