North Knoxville · Knoxville, TN 37917 · Knox County
2 days on market · MLS# 1345397
Home Facts
—
Beds
—
Baths
2,000
Sqft
—
Lot
About This Property
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.
Property Details
Construction
block, brick
Heating
other, electric
Cooling
wall unit(s)
Flooring
hardwood, tile
Appliances
refrigerator, range
Interior
walk-in closet(s)
Patio / Porch
porch - covered
Parking
shared garages, attached, off street, on street
Market Snapshot
30-Yr Fixed Rate
6.47%
National avg · FRED / Freddie Mac
Est. Monthly Payment
$2,394
20% down · 30-yr fixed · principal & interest only
Location
2359 E 5th Ave, Knoxville, TN 37917
North Knoxville, Knoxville, TN 37917
35.98411, -83.89977
$238 per sqft
Schools
Elementary
Sarah M Greene/Magnet
Middle
Vine/Magnet
High
Austin East/Magnet
Walkability
64
Walk
Somewhat Walkable
36
Transit
Some Transit
66
Bike
Bikeable