Amy Evans
Realty One Group Anthem
(865) 500-5859
106 Total Sales
71 in Oak Ridge
$25K - $890K Price Range
116 Viking Rd Oak Ridge, TN 37830
Oak Ridge AreaEstimated Value: $421,000 - $537,000
Studio
4
Baths
2,682
Sq Ft
$174/Sq Ft
Est. Value
Highlights
- Main Floor Bedroom
- Covered Patio or Porch
- Utility Room
- Willow Brook Elementary Rated A-
- Central Heating and Cooling System
- ENERGY STAR Qualified Doors
About This Home
As of April 2024Incredible INVESTMENT OPPORTUNITY in Oak Ridge - 12 Unit Apartment Complex!
*MOTIVATED SELLER*
Welcome to this prime investment opportunity in the heart of Oak Ridge, Tennessee! This 12-unit apartment complex presents a unique blend of modern luxury and promising potential.
Property Features:
4 Fully Renovated Units: Everything is NEW top to bottom. Unit upgrades include HVAC, plumbing, electrical, appliances, washer and dryer in each unit, windows, sheet rock, lighting, flooring, and more. These units are metered separately and each unit has been fitted with fire suppression heat detected sprinkler systems, hard wired smoke alarms and fire alarms. These are sure to be maintenance free for many years.
8 Partially Renovated Units with New Framing that is framed in with all rooms including laundry rooms in each unit, windows, Siding, Roofs, water supply lines ready for plumbing, and for fire suppression installation, temporary power pole set up for both buildings : The remaining 8 units boast brand new structural enhancements, ensuring longevity and low maintenance costs. Future tenants will enjoy the benefits of upgraded exteriors and improved energy efficiency.
Buildings are situated on over 2 acres of beautiful level land for tenant and owner enjoyment, or potential expansion!
Conveniently situated in the heart of Oak Ridge, the complex is within close proximity to schools, parks, shopping centers, and major transportation routes, making it an attractive choice for potential tenants.
Thriving Rental Market: Oak Ridge's established rental market which is continuing to grow exponentially makes this property a sound investment choice, providing a steady income stream for the discerning investor.
All three buildings are separately parceled. Parcel #s: 108-114 is #099E F 011.00, 116-122 is #099E F 012.00, 124- 130 is #099E F 013.00
The owners are motivated to sell, offering an opportunity for investors who are capable.
Act now to secure this valuable asset by contacting me today! Don't let this opportunity pass you by!
Buyers responsibility to verify all information is correct. Owner agent.
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $876
Year Built
- Built in 1943 | Under Construction
Lot Details
- 0.84
Home Design
- Quadruplex
- Brick Exterior Construction
- Block Foundation
- Frame Construction
- Shingle Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- Main Floor Bedroom
- 2,682 Sq Ft Home
- Vinyl Clad Windows
- ENERGY STAR Qualified Doors
- Utility Room
- Fire and Smoke Detector
Kitchen
- Self-Cleaning Oven
- Range
- Dishwasher
Flooring
- Carpet
- Vinyl
Laundry
- Dryer
- Washer
Parking
- On-Street Parking
- Off-Street Parking
Additional Features
- Covered Patio or Porch
- Lot Dimensions are 118x248x150x302
- Central Heating and Cooling System
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for trash collection, taxes, insurance, lawn maintenance
- Assessor Parcel Number 099E F 012.00
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 7, 2024
Closed on
Apr 19, 2024
Sold by
Bought by
Seller's Agent
Adam Norton
GORMAN REALTY
Buyer's Agent
Trish Savage
RE/MAX Renaissance Realtors
List Price
$1,200,000
Sold Price
$200,000
Premium/Discount to List
-$1,000,000
-83.33%
Views
7
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,832
Avg. Annual Appreciation
44.80%
Original Mortgage
$1,014,800
Outstanding Balance
$303,143
Interest Rate
6.88%
Mortgage Type
Construction
Estimated Equity
$163,689
Purchase Details
Closed on
Jun 9, 2022
Sold by
Bought by
Purchase Details
Closed on
Jul 6, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Oak Ridge, TN
-
Amy Evans
-
Russell Orlowski
Russell Orlowski
Realty Executives Associates
(865) 999-0179
195 Total Sales
12 in Oak Ridge
$140K - $600K Price Range
-
Marian Epps
Marian Epps
Realty Executives Associates
(865) 507-2184
112 Total Sales
2 in Oak Ridge
$395K - $493K Price Range
-
Nellie Metcalfe
Nellie Metcalfe
Hometown Realty of Greeneville
(423) 214-2406
66 Total Sales
1 in Oak Ridge
$188,500 Price
-
Scott Felske
Scott Felske
Tennessee Life Real Estate Professionals
(865) 503-5984
166 Total Sales
5 in Oak Ridge
$190K - $590K Price Range
-
Jeanine 'JP' Panarelli
Jeanine 'JP' Panarelli
Franklin Realty
(865) 507-1422
115 Total Sales
1 in Oak Ridge
$307,500 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,050,000 | Admiral Title Inc | ||
| $475,000 | Genesis Real Estate Title | ||
| $300,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,014,800 | ||
| Closed | $50,000 | ||
| Previous Owner | $300,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/19/2024 04/19/24 | Sold | $200,000 | -83.3% | $75 / Sq Ft |
| 02/11/2024 02/11/24 | Pending | -- | -- | -- |
| 02/07/2024 02/07/24 | For Sale | $1,200,000 | -- | $447 / Sq Ft |
Source: East Tennessee REALTORS® MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $930 | $175,240 | $33,280 | $141,960 |
| 2024 | $930 | $37,880 | $16,640 | $21,240 |
| 2023 | $930 | $37,880 | $0 | $0 |
| 2022 | $1,806 | $37,880 | $16,640 | $21,240 |
| 2021 | $1,806 | $37,880 | $16,640 | $21,240 |
| 2020 | $2,133 | $37,880 | $16,640 | $21,240 |
| 2019 | $2,133 | $40,600 | $16,480 | $24,120 |
| 2018 | $2,084 | $40,600 | $16,480 | $24,120 |
| 2017 | $2,076 | $40,600 | $16,480 | $24,120 |
| 2016 | $2,076 | $40,600 | $16,480 | $24,120 |
| 2015 | -- | $40,600 | $0 | $0 |
| 2014 | -- | $40,600 | $0 | $0 |
| 2013 | -- | $43,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Norton
Seller's Agent in 2024
Adam Norton
GORMAN REALTY
(865) 216-1911
41 Total Sales
-
Trish Savage
Buyer's Agent in 2024
Trish Savage
RE/MAX
(423) 364-3264
78 Total Sales
-
C
Buyer's Agent in 2024
Cheryl Richey
Rocky Top Realty, Inc.
Map
Source: East Tennessee REALTORS® MLS
MLS Number: 1252013
APN: 099E-F-012.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.
Nearby Homes
- 111 Vienna Rd
- 238 N Tulane Ave
- 104 Vista Rd
- 121 W Hutchinson Cir
- 104 Pleasant Rd
- 104 Pleasant Rd
- 102 Underwood Rd
- 120 Marquette Rd
- 147 Liberty Ct
- 113 Pomona Rd
- 141 W Gettysburg Ave
- 111 Porter Rd
- 105 Porter Rd
- 107 Porter Rd
- 113 Niagara Ln
- 161 Liberty Ct
- 106 Plymouth Cir
- 147 Waddell Cir
- 100102 Howard Ln
- 100 Howard Ln
Your Personal Tour Guide
Ask me questions while you tour the home.