$975,000
Knoxville, TN 37920
MLS# 1195961
Status: Closed
8185 sqft
1 / 51
Property Description
OPPORTUNITY KNOX!!! 11 times to be exact...offering up 11 units for sale in a 17 unit condominim complex in the HOTTEST part of SoKno. 100% occupied with quality tenants. On site coin laundry for tenants (equipment will convey) udpated units, meticulously maintained, fabulous location backs up to the 80 acre Urban Wilderness reserve with biking, hiking and walking trails, minutes from IJAMS and river acess at Sutrees Landing. HIGH DEMAND AREA...tenants line up for these. HOA covers: water/sewer for whole building, exterior & common area insurance, maintenance and lighting, lawn care, trash collection and monthly pest control contract. Rent Roll and additional info under docs tab. Link to presentation package through Google Drive provided upon request.
Details
Location, Tax & Legal Info
St Dir: E
Street Name: Red Bud
St Suffix: Rd
Unit #: 464-496
State/Province: TN
Zip Code: 37920
Area: Knox County - 1
City/County Code: City Limits
PIN #: 109MC00201P
Subdivision: Red Bud Condominiums
Community: South Knoxville / Lake Forrest
Elementary School: Dogwood
Middle School: South Doyle
High School: South Doyle
Total Tax: 7050
Geo Lat: 35.933136
Geo Lon: -83.880273
Contract Info
Auction Y/N: No
Listing Price: 975000
Current Price: $975,000
Status: Closed
Listing Date: 2022-06-19
Cooperation Comp: 2
Compensation Type: %
General Property Description
SqFt - Total (Aprox): 8185
Lot Dimensions: 000x000
Number of Units: 11
# Units Leased: 11
Year Built: 1972
Property Status: N/A
Restrictions: Yes
Driveway: Paved Lot
Lease Information: Individual unit info listed below. Rent Roll in docs
Remarks & Misc
Directions: Chapman Hwy (441) South to Left on E Red Bud to Building on Right. No sign. OR Easy access via Moody Ave to Severvile Pike, Right on E Red Bud, Building on Left.
Public Remarks: OPPORTUNITY KNOX!!! 11 times to be exact...offering up 11 units for sale in a 17 unit condominim complex in the HOTTEST part of SoKno. 100% occupied with quality tenants. On site coin laundry for tenants (equipment will convey) udpated units, meticulously maintained, fabulous location backs up to the 80 acre Urban Wilderness reserve with biking, hiking and walking trails, minutes from IJAMS and river acess at Sutrees Landing. HIGH DEMAND AREA...tenants line up for these. HOA covers: water/sewer for whole building, exterior & common area insurance, maintenance and lighting, lawn care, trash collection and monthly pest control contract. Rent Roll and additional info under docs tab. Link to presentation package through Google Drive provided upon request.
Status Change Info
Status Change Date: 2022-08-09
Under Contract Date: 2022-06-30
Sold Date: 2022-08-09
Sold Price: $975,000
Income/Expenses
Gross Annual Income: 98903
Annual Oper Expenses: 52529
Net Operating Income: 46374
Property Features
Property Sub-Type: Apartment; Other
Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; Unfurnished
Sale Includes: Building Only; Other
Floors: Laminate; Tile; Vinyl
Tenant Expenses: Electricity
Owner Expenses: HVAC Maintenance; Insurance; Leasing Fees; Taxes; Other
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector; Washer
Construction: Block; Frame - Brick
Roof: Shingle
Siding: Brick
Garage/Parking: Off-Street Parking; On Premise Parking
Exterior Features: Balcony; Patio; Windows - Dble Pane; Windows - Vinyl
Misc Features: Internet Available; Pantry; Walk-in Closets; Wired for Internet
Other Rooms: Bedroom Main Level; Mstr Bdrm Main Level
Miscellaneous: Balcony; Coin Laundry; Patio; Storage Space; Utility Room
New Financing: Cash; Exchange; New Loan
Showing: See Agent Instructns
Listing Office: House Hunters, Inc
Office Phone: 865-609-7654
Last Updated: August - 18 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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