206 Dahlia Drive, Knoxville, TN 37918

$1,215,000
Property Type: Multi-Family Square Footage: 12,090 Status: Closed
Current Price: $1,215,000 List Date: 8/20/2020 Last Modified: 11/03/2020

Overview

Description

Fountain City is a highly desirable suburb just North of downtown Knoxville with all the amenities that tenants look for - convenient shopping & good eats such as Panera, Salsaritas and Chick Fil A just to name a few. Just 10 minutes from the University of Tennessee campus plus excellent interstate access to both I-40 an I-75. Located on a corner lot with loads of privacy and plenty of parking. This rare offering won't last long.

Listing Details MLS# 1127246

Location Tax Legal Info

House #
206
Street Name
Dahlia
St Suffix
Drive
State/Province
TN
Zip Code
37918
PIN #
058fa056
Subdivision
Fountain City Co Resub

Contract Info

Auction Y/N
No
Listing Price
1265000

General Property Description

SqFt - Total (Aprox)
12090
Lot Dimensions
180x140xirreg
Number of Units
18
# Units Leased
16
Utilities/Mo Avg
335
Year Built
1978
Property Status
N/A
Driveway
Paved
Lease Information
18-1BR+1BA $550-635

Status Change Info

Status Change Date
2020-11-03
Under Contract Date
2020-08-31
Sold Date
2020-10-30

IncomeExpenses

Net Operating Income
80853

Location, Tax & Legal Info

Area
Knox County - 1
Community
Fountain City
City/County Code
City Limits
Total Tax
7509.69

More Information

Remarks & Misc

Directions
I-640 N to Broadway. Go North. Just past the Duck Pond turn left onto Church then bear right onto Fountain. At Dahlia turn left. Property is immediately on the left. Parking lot has 2 entrances.
Public Remarks
Fountain City is a highly desirable suburb just North of downtown Knoxville with all the amenities that tenants look for - convenient shopping & good eats such as Panera, Salsaritas and Chick Fil A just to name a few. Just 10 minutes from the University of Tennessee campus plus excellent interstate access to both I-40 an I-75. Located on a corner lot with loads of privacy and plenty of parking. This rare offering won't last long.

Income/Expenses

Gross Annual Income
127260
Annual Oper Expenses
40157

Property Sub-Type

Apartment
Yes

Construction

Frame - Brick
Yes

Type of Units

1 Bedroom Unit
Yes

Siding

Brick
Yes

Sale Includes

Building and Land
Yes

Cooling

Other
Yes

Floors

Carpet
Yes
Vinyl
Yes
Other
Yes

Garage/Parking

On Premise Parking
Yes

Tenant Expenses

Cooling
Yes
Electricity
Yes
Heating
Yes

Owner Expenses

Common Area Maintenance
Yes
Exterior Maintenance
Yes
HVAC Maintenance
Yes
Sewer
Yes
Taxes
Yes

Fuel

Electric
Yes

Heat

Other
Yes

Appliances

Range
Yes
Refrigerator
Yes

Other Rooms

Other
Yes

Roof

Asphalt
Yes

Exterior Features

Balcony
Yes
Patio
Yes

New Financing

New Loan
Yes

Showing

See Agent Instructns
Yes

Property Features

Property Sub-Type: Apartment Type of Units: 1 Bedroom Unit Sale Includes: Building and Land Floors: Carpet; Vinyl; Other Tenant Expenses: Electricity Owner Expenses: Common Area Maintenance; Exterior Maintenance; HVAC Maintenance; Sewer; Taxes Fuel: Electric Heat: Other Cooling: Other Appliances: Range; Refrigerator Construction: Frame - Brick Roof: Asphalt Siding: Brick Exterior Features: Balcony; Patio Other Rooms: Other New Financing: New Loan Showing: See Agent Instructns
Listing Office: Goldman Partners Realty, LLC
IDX
Office Phone: 865-444-3240
Last Updated: November - 03 - 2020
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.