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
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.
More Information MLS# 1293750
Location, Tax & Legal Info
Area: Knox County - 1
City/County Code: City Limits
Total Tax: 14409
Contract Info
Auction Y/N: No
Listing Price: 2200000
Current Price: $1,970,000
Status: Closed
Listing Date: 2025-03-17
General Property Description
Lot Dimensions: 150x103xIRREG
Lot Size SqFt: 12561
# Units Leased: 21
Utilities/Mo Avg: 1766
Property Status: N/A
Driveway: Paved
Lease Information: 4- Efficiencies $725-$848
16- 1BR +1BA $725-$1000
1- 2BR+1BA $1000
SqFt - Total (Aprox): 11312
Number of Units: 21
Year Built: 1915
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: 1
Construction
Frame: 1
Type of Units
Efficiency Unit: 1
1 Bedroom Unit: 1
2 Bedroom Unit: 1
Siding
Other: 1
Sale Includes
Building and Land: 1
Miscellaneous
Coin Laundry: 1
Cooling
Wall Cooling: 1
Floors
Hardwood: 1
Laminate: 1
Garage/Parking
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
Taxes: 1
Trash Collection: 1
Fuel
Electric: 1
Heat
Other: 1
Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Other Rooms
Other: 1
Roof
Composition: 1
Exterior Features
Windows - Vinyl: 1
Misc Features
None: 1
New Financing
Cash: 1
New Loan: 1
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
Geo Lat: 35.980621
Geo Lon: -83.917313
Status Change Info
Status Change Date: 2025-06-16
Under Contract Date: 2025-03-28
Sold Date: 2025-06-13
Sold Price: $1,970,000
IncomeExpenses
Net Operating Income: 140363
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
Office Phone: 865-705-8675
Last Updated: June - 16 - 2025
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.
