123 Springdale Ave Knoxville, TN 37917
1,956 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,956 sqft
Price per Sqft $132
Subdivision Oakwood C B Atkins Add
MLS Listing ID 1358523
Year Built 1915
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50 X 145
Source East Tennessee REALTORS® MLS
Property Description
Put your next investment to work just outside Knoxville's vibrant Happy Holler district! This commercially zoned multifamily property combines existing rental income with opportunities to renovate, improve, and explore additional income potential.
Two apartments are currently rented month-to-month. The two first-floor units rent for $1,200 each, and the upstairs apartment rents for $1,000--totaling $3,400 per month in gross rental income. Tenants pay their own utilities, and each apartment has a separate electric meter.
Bring your vision and capitalize on the opportunity to make improvements! The existing apartments would benefit from repairs, cleaning, and modernization, offering investors a path to enhance the property and potentially increase future rents.
Additional square footage in an unfinished upper-level space offers potential for a fourth unit, subject to applicable zoning, permitting, inspections, and governmental approvals.
Additional highlights include new water lines installed to the street by the seller. A newer roof, large lot, rear street access, and convenient off-street parking add to the appeal.
Existing income, renovation upside, and potential to expand--all near one of Knoxville's lively neighborhood destinations. Schedule your showing and explore the possibilities!
Location
State TN
County Knox County - 1
Area 7231.0
Rooms
Other Rooms Bedroom Main Level
Interior
Heating Heat Pump, Natural Gas, Electric
Cooling Central Cooling
Flooring Vinyl
Window Features Windows - Storm,Windows - Aluminum
Appliance Range, Refrigerator
Heat Source Heat Pump, Natural Gas, Electric
Exterior
Exterior Feature Windows - Storm, Porch - Covered, Shed, Windows - Aluminum
Parking Features On-Street Parking, Off-Street Parking, On Premise Parking
Garage Description On-Street Parking, Off-Street Parking, On Premise Parking
Roof Type Shingle
Garage No
Building
Faces Keep left at Interstate Highway 40 E/I-40 E toward Knoxville Keep right Take exit 1B on the right onto W Woodland Ave NW toward Oldham Ave Turn right onto W Woodland Ave Turn left onto N Central St Turn right onto E Springdale Ave. 2nd house on left. You have arrived at 123 E Springdale Ave. Your destination is on the left, Sign in yard
Additional Building Shed
Structure Type Vinyl Siding,Block,Frame
Schools
Elementary Schools Christenberry
Middle Schools Whittle Springs
High Schools Fulton
Others
Restrictions Yes
Tax ID 081FS024
Energy Description Electric, Gas(Natural)
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash