838 N 4th Ave, Knoxville, TN 37917
$1,970,000
Property Type:
Multi-Family
Square Footage:
11,312
Lot Size (sq. ft.):
12,561
Status:
Closed
Current Price:
$1,970,000
List Date:
3/18/2025
Last Modified:
6/16/2025
Overview
Description
Investment Opportunity: Fully Leased & Recently Remodeled 21-Unit Apt Complex Just 0.7 Miles To Knoxville's Smokies Baseball Stadium - Opening April 15th 2025
Please see Property Financials located under the documents tab for current rent roll and expenses. 4th & Gill is Ideally located to attract students and young professionals with microbreweries, restaurants and greenway access in the adjacent hot Broadway/North Central corridor. Less than 1 mile walking distance to the new Smokies Stadium, these apartments also offer convenience to Hall of Fame Drive and Interstate 40. Fully rented, this excellent investment opportunity has recent upgrades including newer 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 appt with list agent.
Listing Details MLS# 1293750
Location Tax Legal Info
- House #
- 838
- St Dir
- N
- Street Name
- 4th
- St Suffix
- Ave
- State/Province
- TN
- Zip Code
- 37917
- PIN #
- 082PA020 & 082PA021
- Subdivision
- W A Branner Addn Pt 87 & 86
Contract Info
- Auction Y/N
- No
- Listing Price
- 2200000
General Property Description
- SqFt - Total (Aprox)
- 11312
- Lot Dimensions
- 150x103xIRREG
- Lot Size SqFt
- 12561
- Number of Units
- 21
- # Units Leased
- 21
- Utilities/Mo Avg
- 1766
- Year Built
- 1915
- Property Status
- N/A
- Driveway
- Paved
- Lease Information
- 4- Efficiencies $725-$848 16- 1BR +1BA $725-$1000 1- 2BR+1BA $1000
Status Change Info
- Status Change Date
- 2025-06-16
- Under Contract Date
- 2025-03-28
- Sold Date
- 2025-06-13
IncomeExpenses
- Net Operating Income
- 140363
Location, Tax & Legal Info
- Area
- Knox County - 1
- City/County Code
- City Limits
- Total Tax
- 14409
More Information
Remarks & Misc
- Directions
- Take I-40 East to Hall of Fame Drive. Turn right on Hall of Fame towards downtown. Make the first right on to N 4th. Property is immediately on the left.
- Public Remarks
- Investment Opportunity: Fully Leased & Recently Remodeled 21-Unit Apt Complex Just 0.7 Miles To Knoxville's Smokies Baseball Stadium - Opening April 15th 2025 Please see Property Financials located under the documents tab for current rent roll and expenses. 4th & Gill is Ideally located to attract students and young professionals with microbreweries, restaurants and greenway access in the adjacent hot Broadway/North Central corridor. Less than 1 mile walking distance to the new Smokies Stadium, these apartments also offer convenience to Hall of Fame Drive and Interstate 40. Fully rented, this excellent investment opportunity has recent upgrades including newer 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 appt with list agent.
Income/Expenses
- Gross Annual Income
- 236866
- Annual Oper Expenses
- 87103
Property Sub-Type
- Apartment
- Yes
Construction
- Frame
- Yes
Type of Units
- Efficiency Unit
- Yes
- 1 Bedroom Unit
- Yes
- 2 Bedroom Unit
- Yes
Siding
- Other
- Yes
Sale Includes
- Building and Land
- Yes
Miscellaneous
- Coin Laundry
- Yes
Cooling
- Wall Cooling
- Yes
Floors
- Hardwood
- Yes
- Laminate
- Yes
Garage/Parking
- 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
- Taxes
- Yes
- Trash Collection
- Yes
Fuel
- Electric
- Yes
Heat
- Other
- Yes
Appliances
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
Other Rooms
- Other
- Yes
Roof
- Composition
- Yes
Exterior Features
- Windows - Vinyl
- Yes
Misc Features
- None
- Yes
New Financing
- Cash
- Yes
- New Loan
- Yes
Property Features
Property Sub-Type:
Apartment
Type of Units:
Efficiency Unit; 1 Bedroom Unit; 2 Bedroom Unit
Sale Includes:
Building and Land
Floors:
Hardwood; Laminate
Tenant Expenses:
Electricity
Owner Expenses:
Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Roof Maintenance; Taxes; Trash Collection
Fuel:
Electric
Heat:
Other
Cooling:
Wall Cooling
Appliances:
Microwave; Range; Refrigerator
Construction:
Frame
Roof:
Composition
Siding:
Other
Exterior Features:
Windows - Vinyl
Misc Features:
None
Other Rooms:
Other
Miscellaneous:
Coin Laundry
New Financing:
Cash; New Loan
Documents
Property Financials ›
Listing Office:
Goldman Partners Realty, LLC
IDX
Office Phone: 865-444-3240
Last Updated: June - 16 - 2025
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