2506 Legion Dr Knoxville, TN 37920
--
Bed
--
Bath
1,800
Sq Ft
1950
Built
Highlights
- Cooling Available
- Tile Flooring
- Heating Available
About This Home
As of December 2024Incredible multi-family investment opportunity in South Knoxville! This rare find is perfect for both first-time investors and seasoned real estate professionals looking to expand their portfolio. Priced to sell, this converted three-unit property is a unique find in today's market. The units are currently occupied by long-term tenants who would love to stay. Each unit is equipped with essential appliances, including stoves, refrigerators, and combo heat/air units (PTACs). Pictured is the renovated 1 bedroom/1 bathroom. The two-bedroom units offer washer/dryer connections conveniently located on the rear porch. The seller covers water, as the property is on septic, while tenants are responsible for electric. Septic lines were completely replaced in 2023. There is an easement in place for the shared driveway with the neighboring property at 2512 Legion. Don't miss out on this incredible investment opportunity to cash flow immediately! Contact the listing agent directly to schedule your showing today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $990
Year Built
- Built in 1950
Home Design
- Property Attached
- Frame Construction
Interior Spaces
- 1,800 Sq Ft Home
- Property has 3 Levels
Flooring
- Carpet
- Tile
- Vinyl
Utilities
- Cooling Available
- Heating Available
Community Details
- 3 Units
Listing and Financial Details
- The owner pays for trash collection
- Assessor Parcel Number 122NB010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 13, 2024
Closed on
Dec 20, 2024
Sold by
Ring William D
Bought by
Francis Desean
List Price
$399,900
Sold Price
$350,000
Premium/Discount to List
-$49,900
-12.48%
Views
82
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.29%
Original Mortgage
$412,500
Outstanding Balance
$251,671
Interest Rate
6.78%
Mortgage Type
Construction
Estimated Equity
$106,963
Purchase Details
Closed on
Apr 25, 2023
Sold by
Suneson Brad R
Bought by
Brad R Suneson And Starr E Suneson Revocable
Purchase Details
Closed on
Apr 5, 2002
Sold by
Suneson Brad R and Suneson Starr E
Bought by
Suneson Brad R and Suneson Starr E
Similar Homes in Knoxville, TN
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $350,000 | Concord Title | |
| Warranty Deed | $350,000 | Concord Title | |
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $412,500 | Construction | |
| Closed | $412,500 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/20/2025 07/20/25 | For Rent | $1,600 | 0.0% | -- |
| 12/20/2024 12/20/24 | Sold | $350,000 | -12.5% | $194 / Sq Ft |
| 11/19/2024 11/19/24 | Pending | -- | -- | -- |
| 09/13/2024 09/13/24 | For Sale | $399,900 | +60.0% | $222 / Sq Ft |
| 06/30/2023 06/30/23 | Sold | $250,000 | -15.3% | $146 / Sq Ft |
| 06/15/2023 06/15/23 | Pending | -- | -- | -- |
| 06/12/2023 06/12/23 | For Sale | $295,000 | -- | $172 / Sq Ft |
Source: Realtracs
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $990 | $63,680 | $0 | $0 |
| 2023 | $990 | $63,680 | $0 | $0 |
| 2022 | $990 | $63,680 | $0 | $0 |
| 2021 | $654 | $30,840 | $0 | $0 |
| 2020 | $654 | $30,840 | $0 | $0 |
| 2019 | $654 | $30,840 | $0 | $0 |
| 2018 | $654 | $30,840 | $0 | $0 |
| 2017 | $654 | $19,275 | $0 | $0 |
| 2016 | $654 | $0 | $0 | $0 |
| 2015 | $654 | $0 | $0 | $0 |
| 2014 | $654 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Delores Canizales
D
Seller's Agent in 2025
Delores Canizales
Intempus Parent Co, Inc.
(865) 312-7782
11 Total Sales
-
Solange Velas
Seller's Agent in 2023
Solange Velas
Goldman Partners Realty, LLC
(865) 444-3240
151 Total Sales
-
Chad Shelton
C
Buyer's Agent in 2023
Chad Shelton
Realty Executives Associates
(931) 212-7298
55 Total Sales
Map
Source: Realtracs
MLS Number: 2831657
APN: 122NB-010
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