838 N 4th Ave, Knoxville, TN 37917
$1,400,000
Property Type:
Multi-Family
Square Footage:
12,760
Lot Size (sq. ft.):
12,549
Status:
Closed
Current Price:
$1,400,000
List Date:
9/30/2019
Last Modified:
1/18/2020
Description
21 Units On 2 Lots - Opportunity Zone - Renovated - 10 Minutes to Downtown & UTK Campus. Ideally located to attract students and young professionals with microbreweries, restaurants and greenway access in the adjacent hot Broadway/North Central corridor, these apartments also offer convenience to Hall of Fame Drive and Interstate 40. Fully rented, this excellent investment opportunity has recent upgrades including new roofs, gutters and windows, fresh HVAC systems and all new kitchen cabinetry and appliances. Additionally there is an onsite laundry facility for tenant use. Sq footage is from sources deemed reliable but not guaranteed & should be verified by buyer. All showings by appointment with list agent.
More Information MLS# 1092539
Location, Tax & Legal Info
Area: Knox County - 1
City/County Code: City Limits
Total Tax: 10221
Contract Info
Auction Y/N: No
Listing Price: 1600000
Current Price: $1,400,000
Status: Closed
Listing Date: 2019-08-22
General Property Description
Lot Dimensions: 45x150 & 160x133
Lot Size SqFt: 12549
# Units Leased: 21
Restrictions: Yes
Utilities/Mo Avg: 750
Property Status: N/A
Driveway: Paved
Lease Information: See provided financials with rent roster
SqFt - Total (Aprox): 12760
Number of Units: 21
Year Built: 1915
Remarks & Misc
Directions: Take I-40 to Hall of Fame Dr. Turn right on Hall of Fame towards downtown. Take the first right onto N 4th Ave. Property is immediately on the left. No sign. Please don't disturb the residents.
Public Remarks: 21 Units On 2 Lots - Opportunity Zone - Renovated - 10 Minutes to Downtown & UTK Campus. Ideally located to attract students and young professionals with microbreweries, restaurants and greenway access in the adjacent hot Broadway/North Central corridor, these apartments also offer convenience to Hall of Fame Drive and Interstate 40. Fully rented, this excellent investment opportunity has recent upgrades including new roofs, gutters and windows, fresh HVAC systems and all new kitchen cabinetry and appliances. Additionally there is an onsite laundry facility for tenant use. Sq footage is from sources deemed reliable but not guaranteed & should be verified by buyer. All showings by appointment with list agent.
Income/Expenses
Gross Annual Income: 162300
Annual Oper Expenses: 48901
Property Sub-Type
Apartment: 1
Construction
Masonry: 1
Type of Units
Efficiency Unit: 1
1 Bedroom Unit: 1
2 Bedroom Unit: 1
Unfurnished: 1
Siding
Stone: 1
Sale Includes
Building and Land: 1
Miscellaneous
Coin Laundry: 1
Utility Room: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Vinyl: 1
Other: 1
Garage/Parking
Off-Street Parking: 1
On Premise Parking: 1
Tenant Expenses
Cooling: 1
Electricity: 1
Heating: 1
Owner Expenses
Exterior Maintenance: 1
HVAC Maintenance: 1
Insurance: 1
Lawn Maintenance: 1
Roof Maintenance: 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
Roof Info: Asphalt Shingle
New Financing
Cash: 1
Conventional: 1
Location Tax Legal Info
House #: 838
St Dir: N
Street Name: 4th
St Suffix: Ave
State/Province: TN
Zip Code: 37917
PIN #: 082pa020
Subdivision: W A Branner Addn Pt 87 & 86
Geo Lat: 35.980546
Geo Lon: -83.917273
Status Change Info
Status Change Date: 2020-01-18
Under Contract Date: 2019-10-14
Sold Date: 2020-01-17
Sold Price: $1,400,000
IncomeExpenses
Net Operating Income: 105284
Property Features
Property Sub-Type: Apartment
Type of Units: Efficiency Unit; 1 Bedroom Unit; 2 Bedroom Unit; Unfurnished
Sale Includes: Building and Land
Floors: Carpet; Vinyl; Other
Tenant Expenses: Electricity
Owner Expenses: Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Roof Maintenance; Sewer; Taxes; Trash Collection; Water
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Appliances: Range; Refrigerator
Construction: Masonry
Siding: Stone
Other Rooms: Other
Miscellaneous: Coin Laundry; Utility Room
New Financing: Cash; Conventional
Property Disclosures ›Listing Office: Goldman Partners Realty, LLC
Office Phone: 865-705-8675
Last Updated: January - 18 - 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.
