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Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $224
MLS Listing ID 1345397
Sold Date 07/30/26
Year Built 1960
Lot Dimensions 50 X 145
Source East Tennessee REALTORS® MLS
Property Description
Charming income producing apartment building featuring four one-bedroom, one-bathroom units in the popular Historic Parkridge neighborhood. Great proximity to E Magnolia Avenue commercial area, Downtown Knoxville, and the bus line. Plenty of off-street Parking on premises as well as covered garage bays that could be converted to storage units for additional income or higher rent. Membrane roof installed 2020 with 20 year warranty. These units have been updated and three are ready for immediate occupancy, one currently leased month to month. Electric, water, and sewer are metered separately for all 4 units. This building is in very good condition and provides opportunity for improvements to increase rental rates over time. Great investment opportunity in growing area.
Location
State TN
County Knox County - 1
Rooms
Other Rooms Other
Interior
Interior Features Walk-In Closet(s)
Heating Other, Electric
Cooling Wall Cooling
Flooring Hardwood, Tile
Window Features Windows - Dble Pane
Appliance Range, Refrigerator
Heat Source Other, Electric
Exterior
Exterior Feature Doors - Storm, Porch - Covered, Windows - Dble Pane
Parking Features On-Street Parking, Off-Street Parking, Shared Garages, Attached
Garage Spaces 3.0
Garage Description Attached, On-Street Parking, Off-Street Parking, Attached, Shared Garages
Roof Type Other, See Remarks
Total Parking Spaces 3
Garage Yes
Building
Faces Broadway SW - Turn right onto E 5th Ave/W Fifth Ave - Continue onto E Magnolia Ave - Turn left onto Spruce St - Turn left onto E 5th Ave - Destination will be on the right.
Structure Type Brick,Block
Schools
Elementary Schools Sarah M Greene/Magnet
Middle Schools Vine/Magnet
High Schools Austin East/Magnet
Others
Restrictions Yes
Tax ID 082JS015
Security Features Smoke Detector
Energy Description Electric
Acceptable Financing USDA Loan, Other, VA Loan, FHA, Cash, Conventional
Listing Terms USDA Loan, Other, VA Loan, FHA, Cash, Conventional
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Nearby Schools & Businesses
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Lacy Mellon
Team Leader/Agent License ID: 328504
Team Leader/Agent License ID: 328504