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Local Realty Service Provided By: Coldwell Banker Jim Henry & Associates

2359 E 5th Ave, 
Knoxville, TN 37917

$448,000


—

Bed


—

Bath


2,000

Sq Ft


Multi-Family

Closed

Listed by

Lacy Mellon

Realty Executives South

865-910-0708

MLS#

1345397

Source:

TN KAAR

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About This Home

2359 E 5th Ave

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.

Home Facts

Multi-Family

Built in 1960

Price Summary

475,000

$237 per Sq. Ft.

MLS #:

1345397


Rooms & Interior

Interior

Living Area:

2,000 Sq. Ft.


Structure

Structure

Building Area:

2,000 Sq. Ft.

Year Built:

1960


Finances & Disclosures

Finances

Price:

$475,000

Price per Sq. Ft:

$237 per Sq. Ft.

Source:TN KAAR
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