315 N Castle St, Knoxville, TN 37914
- $860,000
- 10,380
- SqFt
- Sold Price
- $860,000
- List Price
- $850,000
- Closing Date
- Oct 31, 2024
- MLS#
- 1272054
- Status
- CLOSED
- Type
- Multifamily
- City
- Knoxville
- County
- Knox
- Living Area
- 10,380
- Lot Size
- 15,507
- Year Built
- 1950
- Subdivision
- Lake Park Springs
Property Description
This property presents an exceptional investment opportunity only 3 miles from Downtown Knoxville and the Old City shops and restaurants, as well as minutes from UTK campus. It is 1.2 miles from the under construction downtown Sports and Entertainment Stadium to be completed 2025. This venue will host the Tennessee Smokies Baseball, One Knoxville SC Soccer, concerts, festivals and other special events only adding to the draw of Downtown social events and UT sports. The property offers urban convenience and prime real estate potential. The investment consists of 12 apartment units, each featuring 2 bedrooms and 1 bathroom. In the past year, significant maintenance updates and renovations have been carried out, and the property is at 90% occupancy, with one unit used for storage. Located in the heart of East Knoxville, the complex is centrally located to many activities for all ages. This property is ideal for investors looking to expand their portfolio, offering exceptional potential and flexibility for a rewarding investment. The listing emphasizes the property's strategic location, recent improvements as key selling points, positioning it as an attractive opportunity in a growing area of Knoxville.
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Additional Information
- Acres
- 0.36
- Appliances
- Range, Refrigerator
- Construction
- Brick
- Cooling
- Window Unit(s)
- Exterior Features
- Windows - Aluminum, Patio
- Floors
- Hardwood, Vinyl
- Garage
- On Premise Parking
- Living Area
- 10,380
- Lot Dimensions
- 118.8 X 153.3 X IRR
- Year Built
- 1950
Mortgage Calculator
Agent: Brian K Patty |
Office: The Ferguson Company |
Selling Office: .