5211 Pocanontas Drive, Knoxville, TN 37914

$1,800,000
Property Type: Multi-Family Status: Closed
Current Price: $1,800,000 List Date: 10/06/2023 Last Modified: 2/01/2024

Description

5211 - 5251 Pocahontas Drive consists of 21 units total. All units are modular units on foundation consisting of 2 bedrooms and 1 bathroom. Each unit is currently occupied and is between 700 - 800 square feet. Many units have recently been renovated with new flooring, kitchen cabinets, gutters, HVACs, and bathroom vanities. The property was recently rent-restricted, but is now able to go to market rent. Current rents are $300-$400 below market. This property is located within 2 miles of Holston Hills Country Club and just 10 minutes east of downtown.

More Information MLS# 1242155

Location, Tax & Legal Info

Area: Knox County - 1 City/County Code: City Limits Total Tax: 15409.68

Contract Info

Auction Y/N: No Listing Price: 1995000 Current Price: $1,800,000 Status: Closed Listing Date: 2023-10-06

General Property Description

Lot Dimensions: 2.24 Utilities/Mo Avg: 0 Property Status: N/A Driveway: Paved Number of Units: 21 Year Built: 1982

Remarks & Misc

Directions: East on 11 E to LT on N Chilhowee to RT on Cayuga to RT on Iroquois to LT on Pocahantas Public Remarks: 5211 - 5251 Pocahontas Drive consists of 21 units total. All units are modular units on foundation consisting of 2 bedrooms and 1 bathroom. Each unit is currently occupied and is between 700 - 800 square feet. Many units have recently been renovated with new flooring, kitchen cabinets, gutters, HVACs, and bathroom vanities. The property was recently rent-restricted, but is now able to go to market rent. Current rents are $300-$400 below market. This property is located within 2 miles of Holston Hills Country Club and just 10 minutes east of downtown.

Property Sub-Type

Other: 1

Construction

Masonry: 1 Other: 1

Type of Units

2 Bedroom Unit: 1

Sale Includes

Building and Land: 1

Cooling

Central Cooling: 1

Floors

Laminate: 1 Vinyl: 1 Other: 1

Garage/Parking

On Premise Parking: 1 On-Street Parking: 1

Fuel

Other Fuel: 1

Heat

Central: 1

Other Rooms

Other: 1

Roof

Shingle: 1

New Financing

Cash: 1 Conventional: 1 New Loan: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 5211 Street Name: Pocanontas St Suffix: Drive State/Province: TN Zip Code: 37914 PIN #: 071GC005 Subdivision: Chilhowee Hills Pts 11 12 Geo Lat: 36.011144 Geo Lon: -83.851214

Status Change Info

Status Change Date: 2024-02-01 Under Contract Date: 2023-10-13 Sold Date: 2024-01-31 Sold Price: $1,800,000

Property Features

Property Sub-Type: Other Type of Units: 2 Bedroom Unit Sale Includes: Building and Land Floors: Laminate; Vinyl; Other Fuel: Other Fuel Heat: Central Cooling: Central Cooling Construction: Masonry; Other Roof: Shingle Other Rooms: Other New Financing: Cash; Conventional; New Loan Showing: See Agent Instructns
Listing Office: SVN I Wood Properties
Office Phone: 865-936-9999
Last Updated: February - 01 - 2024
5211 Pocanontas Drive, Knoxville, TN 37914- MLS# 1242155
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