308 Knox Rd, Knoxville, TN 37918
- $300,000
- 4,584
- SqFt
- Sold Price
- $300,000
- List Price
- $349,900
- Closing Date
- May 16, 2025
- MLS#
- 1291013
- Status
- CLOSED
- Type
- Multifamily
- City
- Knoxville
- County
- Knox
- Living Area
- 4,584
- Lot Size
- 20,691
- Year Built
- 1940
Property Description
JUST REDUCED! 6 UNITS - FTN CITY - VACANT - FLOOD ZONE - Prequal required with all offers. Located in the heart of Fountain City, this vacant 6-unit building offers a unique opportunity for investors seeking a property with strong upside potential. Situated in a highly sought-after area, this building consists of 4 2-bedroom, 1-bath units and 2 1-bedroom, 1-bath units. While the property does require substantial work (please see videos of all interiors), it is a value add play. If you're looking to renovate and flip, to create long-term rental income, the prime location and desirable unit mix offer the perfect foundation to unlock its full potential. This property is within walking distance to Kroger, coffee shops, two different parks and many fast food chains. . Seller to close at Tennessee Valley Title Kimberly D Carmosino and requests Buyer do same. The seller has sourced two insurance quotes for this property from TIS Insurance. First quote is for $250k in coverage and is priced at $1,751 and the second quote is for $400k in coverage at $5,891 per year.
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Additional Information
- Acres
- 0.48
- Construction
- Vinyl Siding, Frame, Other
- Cooling
- Window Unit(s)
- Floors
- Laminate, Hardwood, Vinyl
- Garage
- On Premise Parking
- Living Area
- 4,584
- Lot Dimensions
- 60 X 222M X IRR
- Year Built
- 1940
Mortgage Calculator
Agent: Solange Velas |
Office: Goldman Partners Realty, LLC |
Selling Office: .