Catylist ID: #30652245
Morgan St Duplex
Multi-Family for Sale
|Catylist Listing ID:||30652245|
|Number of Units:||2 Units|
|Building Size (RSF):||1,584 SF|
|Gross Land Area:||4,461 SF|
|Unit Price:||$112,450 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
This charming Victorian duplex in the Fourth & Gill Neighborhood offers an almost unique ownership opportunity for a discriminating investor. Located in one of Knoxville’s oldest neighborhood, this 1899 dwelling features two flats – up and down – of about 1,168 square feet in the lower, two-bedroom/2-bath unit and approx. 700 square feet in the upstairs. one-bedroom/1-bath unit. Square footage is from sources deemed reliable but not guaranteed & should be verified by buyer.
See the Financial Summary (attachment) for Income/Expense details. Tenants pay most of their own utilities (Electric & Natural Gas is separately metered). Landlord pays water/sewer. Each unit has central heat and air-conditioning with a conventional, forced air, electric split system upstairs and a gas package unit downstairs. The apartments feature original wood floors in many rooms and ample closet space. The units have been easy to rent due to the location, charm, and amenities such as landlord supplied dishwasher and washer/dryer units. No sign on Property. Do not disturb the tenants.
Exterior has recently been painted and owner estimates roof at about six years old. A shared front porch provides access to the units and the upper unit has a large private balcony. Street parking is convenient and two additional private spaces are available at rear accessible off alley.
With a good rental history and sound management, this property should provide a solid investment return.
The subject property at 716 Morgan St. will convey with a new permanent easement for the driveway apron and potential driveway area on the right side (between 716 and 712 Morgan St) to be solely to the benefit of 712 Morgan St.
Attachments & Media
|Taxing Authority:||City of Knoxville|
|Community Amenities:||Restaurant(s), Jogging Paths|
|Property Located Between:||N Central Ave & Bearden Pl|
|Highway Access:||441 N Broadway|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Exterior Description:||Victorian style wood siding w/front porch|
|Parking Type:||Surface, Other|
|Parking Description:||Street parking|
|Air Conditioning:||Package Unit|
|Interior Description:||Classic interior similar to other houses of the time period in which it was built.|
|Land Ownership:||Fee Simple|
|Proximity:||1 mile||3 miles||5 miles|
Steve Goldman, CCIMGoldman Partners Realty, LLC KAAR CIE Member
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