131 Nevada Ave, LaFollette, TN 37766
$1,150,000
Property Type:
Multi-Family
Square Footage:
12,932
Status:
Closed
Current Price:
$1,150,000
List Date:
12/16/2022
Last Modified:
3/20/2023
Description
Nevada Heights is a 17-unit property located in LaFollette, TN that has recently been completely renovated and is well positioned to achieve market rents. The property has been ran as an affordable housing complex, but all rent restrictions will be lifted at the time of closing which will allow a buyer to increase rents to market rates.
-Recently Renovated Interiors and Exterior
-Ability to Convert Office Into 18th Unit
-Rents $300-$400 Below Market
More Information MLS# 1213848
Location, Tax & Legal Info
Area: Campbell County - 37
City/County Code: County
Total Tax: 11880
Contract Info
Auction Y/N: No
Listing Price: 1300000
Current Price: $1,150,000
Status: Closed
Listing Date: 2022-12-15
General Property Description
Lot Dimensions: 1.75 Acre
Utilities/Mo Avg: 0
Property Status: N/A
Driveway: Paved
Lease Information: 1YR - Mo to Mo
SqFt - Total (Aprox): 12932
Number of Units: 17
Year Built: 2002
Remarks & Misc
Directions: I-75 North to RT on 25W to LT on Nevada to property on LT
Public Remarks: Nevada Heights is a 17-unit property located in LaFollette, TN that has recently been completely renovated and is well positioned to achieve market rents. The property has been ran as an affordable housing complex, but all rent restrictions will be lifted at the time of closing which will allow a buyer to increase rents to market rates.
-Recently Renovated Interiors and Exterior
-Ability to Convert Office Into 18th Unit
-Rents $300-$400 Below Market
Property Sub-Type
Apartment: 1
Construction
Frame: 1
Type of Units
1 Bedroom Unit: 1
2 Bedroom Unit: 1
Siding
Vinyl: 1
Sale Includes
Building and Land: 1
Miscellaneous
Balcony: 1
Washer/Dryer Cnctns: 1
Cooling
Central Cooling: 1
Floors
Laminate: 1
Garage/Parking
On Premise Parking: 1
Fuel
Other Fuel: 1
Heat
Central: 1
Appliances
Range: 1
Refrigerator: 1
Other Rooms
Mstr Bdrm Main Level: 1
Roof
Shingle: 1
New Financing
Cash: 1
Conventional: 1
New Loan: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 131
Street Name: Nevada
St Suffix: Ave
State/Province: TN
Zip Code: 37766
PIN #: 085O C 039.00
Geo Lat: 36.381723
Geo Lon: -84.125597
Status Change Info
Status Change Date: 2023-03-20
Under Contract Date: 2022-12-24
Sold Date: 2023-03-03
Sold Price: $1,150,000
Property Features
Property Sub-Type: Apartment
Type of Units: 1 Bedroom Unit; 2 Bedroom Unit
Sale Includes: Building and Land
Floors: Laminate
Fuel: Other Fuel
Heat: Central
Cooling: Central Cooling
Appliances: Range; Refrigerator
Construction: Frame
Roof: Shingle
Siding: Vinyl
Other Rooms: Mstr Bdrm Main Level
Miscellaneous: Balcony; Washer/Dryer Cnctns
New Financing: Cash; Conventional; New Loan
Showing: See Agent Instructns
Listing Office: SVN I Wood Properties
Office Phone: 865-936-9999
Last Updated: March - 20 - 2023
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use,
it may not be used for any purpose other than to identify prospective properties
consumers may be interested in purchasing, and that the data is deemed reliable but
is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
