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
Overview
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
Listing Details MLS# 1213848
Location Tax Legal Info
- House #
- 131
- Street Name
- Nevada
- St Suffix
- Ave
- State/Province
- TN
- Zip Code
- 37766
- PIN #
- 085O C 039.00
Contract Info
- Auction Y/N
- No
- Listing Price
- 1300000
General Property Description
- SqFt - Total (Aprox)
- 12932
- Lot Dimensions
- 1.75 Acre
- Number of Units
- 17
- Year Built
- 2002
- Property Status
- N/A
- Driveway
- Paved
- Lease Information
- 1YR - Mo to Mo
- Utilities/Mo Avg
- 0
Status Change Info
- Status Change Date
- 2023-03-20
- Under Contract Date
- 2022-12-24
- Sold Date
- 2023-03-03
Location, Tax & Legal Info
- Area
- Campbell County - 37
- City/County Code
- County
- Total Tax
- 11880
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
More Information
Property Sub-Type
- Apartment
- Yes
Construction
- Frame
- Yes
Type of Units
- 1 Bedroom Unit
- Yes
- 2 Bedroom Unit
- Yes
Siding
- Vinyl
- Yes
Sale Includes
- Building and Land
- Yes
Miscellaneous
- Balcony
- Yes
- Washer/Dryer Cnctns
- Yes
Cooling
- Central Cooling
- Yes
Floors
- Laminate
- Yes
Garage/Parking
- On Premise Parking
- Yes
Fuel
- Other Fuel
- Yes
Heat
- Central
- Yes
Appliances
- Range
- Yes
- Refrigerator
- Yes
Other Rooms
- Mstr Bdrm Main Level
- Yes
Roof
- Shingle
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- New Loan
- Yes
Showing
- See Agent Instructns
- Yes
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
IDX
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.
