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
Overview
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.
Listing Details MLS# 1092539
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
Contract Info
- Auction Y/N
- No
- Listing Price
- 1600000
General Property Description
- SqFt - Total (Aprox)
- 12760
- Lot Dimensions
- 45x150 & 160x133
- Lot Size SqFt
- 12549
- Number of Units
- 21
- # Units Leased
- 21
- Utilities/Mo Avg
- 750
- Year Built
- 1915
- Property Status
- N/A
- Restrictions
- Yes
- Driveway
- Paved
- Lease Information
- See provided financials with rent roster
Status Change Info
- Status Change Date
- 2020-01-18
- Under Contract Date
- 2019-10-14
- Sold Date
- 2020-01-17
IncomeExpenses
- Net Operating Income
- 105284
Roof
- Roof Info
- Asphalt Shingle
More Information
Location, Tax & Legal Info
- Area
- Knox County - 1
- City/County Code
- City Limits
- Total Tax
- 10221
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
- Yes
Construction
- Masonry
- Yes
Type of Units
- Efficiency Unit
- Yes
- 1 Bedroom Unit
- Yes
- 2 Bedroom Unit
- Yes
- Unfurnished
- Yes
Siding
- Stone
- Yes
Sale Includes
- Building and Land
- Yes
Miscellaneous
- Coin Laundry
- Yes
- Utility Room
- Yes
Cooling
- Central Cooling
- Yes
Floors
- Carpet
- Yes
- Vinyl
- Yes
- Other
- Yes
Garage/Parking
- Off-Street Parking
- Yes
- On Premise Parking
- Yes
Tenant Expenses
- Cooling
- Yes
- Electricity
- Yes
- Heating
- Yes
Owner Expenses
- Exterior Maintenance
- Yes
- HVAC Maintenance
- Yes
- Insurance
- Yes
- Lawn Maintenance
- Yes
- Roof Maintenance
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
- Water
- Yes
Fuel
- Electric
- Yes
Heat
- Central
- Yes
Appliances
- Range
- Yes
- Refrigerator
- Yes
Other Rooms
- Other
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
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
IDX
Office Phone: 865-444-3240
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.
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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
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