2728 Davenport Rd, Knoxville, TN 37920
$1,250,000
Property Type:
Multi-Family
Square Footage:
10,128
Lot Size (sq. ft.):
34,669
Status:
Closed
Current Price:
$1,250,000
List Date:
2/05/2023
Last Modified:
8/14/2023
Description
SOUTH KNOX OPPORTUNITY - HUGE CORNER LOT - 7 CAP!
Rare opportunity in the hot South Knox waterfront market, just blocks from the Urban Wilderness, Ijams, Suttrees waterfront park, University of TN & downtown Knoxville. Property consists of two buildings. First one built in 1915. Second one built in 1976. One unit is being kept vacant for ease of showing and one unit is in need of a complete rehab includind kitchen and bathroom.
More Information MLS# 1217315
Location, Tax & Legal Info
Area: Knox County - 1
City/County Code: City Limits
Total Tax: 8325
Contract Info
Auction Y/N: No
Listing Price: 1350000
Current Price: $1,250,000
Status: Closed
Listing Date: 2023-02-05
General Property Description
Lot Dimensions: 150x250xirreg
Lot Size SqFt: 34669
# Units Leased: 14
Utilities/Mo Avg: 1000
Property Status: N/A
Driveway: Paved
Lease Information: 15 One Bedroom Units $625-$975
1 Two Bedroom Unit $950
SqFt - Total (Aprox): 10128
Number of Units: 16
Year Built: 1915
Remarks & Misc
Directions: From downtown, take the Henley St bridge across the river, turn left at Blount Ave, bear right on Sevier Ave and right on Davenport. Property will be on the left just over the top of the hill at the NE corner of Crescent Ave & Davenport.
Public Remarks: SOUTH KNOX OPPORTUNITY - HUGE CORNER LOT - 7 CAP!
Rare opportunity in the hot South Knox waterfront market, just blocks from the Urban Wilderness, Ijams, Suttrees waterfront park, University of TN & downtown Knoxville. Property consists of two buildings. First one built in 1915. Second one built in 1976. One unit is being kept vacant for ease of showing and one unit is in need of a complete rehab includind kitchen and bathroom.
Income/Expenses
Gross Annual Income: 172200
Annual Oper Expenses: 66925
Property Sub-Type
Apartment: 1
Construction
Frame: 1
Other: 1
Type of Units
1 Bedroom Unit: 1
2 Bedroom Unit: 1
Garden: 1
Unfurnished: 1
Siding
Stucco: 1
Sale Includes
Building and Land: 1
Miscellaneous
Balcony: 1
Cooling
Central Cooling: 1
Floors
Tile: 1
Vinyl: 1
Other: 1
Garage/Parking
On Premise Parking: 1
Tenant Expenses
Electricity: 1
Heating: 1
Owner Expenses
Insurance: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Fuel
Electric: 1
Heat
Central: 1
Appliances
Range: 1
Refrigerator: 1
Other Rooms
Other: 1
Roof
Metal: 1
Exterior Features
Balcony: 1
Patio: 1
Misc Features
None: 1
New Financing
Cash: 1
New Loan: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 2728
Street Name: Davenport
St Suffix: Rd
State/Province: TN
Zip Code: 37920
PIN #: 109BH022
Geo Lat: 35.951941
Geo Lon: -83.902694
Status Change Info
Status Change Date: 2023-05-11
Under Contract Date: 2023-02-06
Sold Date: 2023-05-11
Sold Price: $1,250,000
IncomeExpenses
Net Operating Income: 96675
Property Features
Property Sub-Type: Apartment
Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; Garden; Unfurnished
Sale Includes: Building and Land
Floors: Tile; Vinyl; Other
Tenant Expenses: Electricity
Owner Expenses: Insurance; Sewer; Taxes; Trash Collection; Water
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Appliances: Range; Refrigerator
Construction: Frame; Other
Roof: Metal
Siding: Stucco
Exterior Features: Balcony; Patio
Misc Features: None
Other Rooms: Other
Miscellaneous: Balcony
New Financing: Cash; New Loan
Showing: See Agent Instructns
Documents
Property Financials ›Listing Office: Goldman Partners Realty, LLC
Office Phone: 865-705-8675
Last Updated: August - 14 - 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
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