NOT LISTED FOR SALE
-- Bed
-- Bath
21,700 Sq Ft
1977 Built

Last Sold July 01, 2015

Last sale price $1,175,000 $54 Per Sq Ft

18 Days on Market

About This Home

As of July 2015

Reduced! 31 Units In Good North Knox Location - All Brick - Excellent Condition. Property has over $100,000 in improvements & upgrades since 2007, including all new roofs, shutters, gutters, fresh painting of doors, staircases & railings plus resurfacing of the parking lot & fresh landscaping. Additionally a coin laundry was added to increase amenities. 2 buildings were built in 1977 & the 3rd added in 1999. All units feature stoves & refrigerators plus the 2 & 3 BR units are also equipped with dishwashers. The 10 units in the newer building are individually metered for water/sewer. Square footage from tax records and should be verified by buyer.

Last Agent to Sell the Property

Solange Velas

Goldman Partners Realty, LLC License #263596 Listed on: 04/28/2015

Last Buyer's Agent

Carl Simmons

Solid Rock Realty License #321593

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,354

Year Built

  • Built in 1977

Home Design

  • 21,700 Sq Ft Home
  • Brick Exterior Construction

Flooring

  • Carpet
  • Vinyl

Utilities

  • Central Heating

Listing and Financial Details

  • The owner pays for supplies, taxes, insurance, lawn maintenance
  • Assessor Parcel Number 069pe041

Community Details

Overview

  • 31 Units
  • Caldwell & Tindell Add Subdivision

Building Details

  • Operating Expense $83,961
  • Net Operating Income $86,839

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,354

Year Built

Built in 1977

Listing Details

  • Directions: Take I-75 North to right on Merchants, right on Central Ave Pike. Turn left on Coster, right on Sharp Lane. Property is on the left at the end of the street. No sign.
  • Prop. Type: Multi-Family
  • Year Built: 1977
  • Lot Size: 1.25 acres
  • Subdivision Name: Caldwell & Tindell Add
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Owner Pays: Supplies, Taxes, Insurance, Lawn Maintenance
  • Flooring: Carpet, Vinyl

Exterior Features

  • Construction Type: Brick

Utilities

  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Parcel #: 069pe041

Multi Family

  • Number Of Units Total: 31
  • Annual Gross Income: 189600.0
  • Property Net Operating Income: 86839.0
  • Annual Operating Expense: 83961.0

Tax Info

  • Tax Annual Amount: 9354.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2015 07/01/15 Sold $1,175,000 -- $54 / Sq Ft
Source: East Tennessee REALTORS® MLS

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
2025 $4,854 $312,360 $0 $0
2024 $11,587 $312,360 $0 $0
2023 $11,587 $312,360 $0 $0
2022 $11,587 $312,360 $0 $0
2021 $10,446 $227,880 $0 $0
2020 $10,446 $227,880 $0 $0
2019 $10,446 $227,880 $0 $0
2018 $10,446 $227,880 $0 $0
2017 $11,236 $153,200 $0 $0
2016 $11,563 $0 $0 $0
2015 $11,563 $0 $0 $0
2014 $11,563 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 923152

East Tennessee REALTORS® MLS
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