2359 5th Ave, Knoxville, TN 37917
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2359 5th Ave, Knoxville, TN 37917
2359 5th Ave, Knoxville, TN 37917
2359 5th Ave, Knoxville, TN 37917
2359 5th Ave, Knoxville, TN 37917
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Nic Nicaud

Nic Nicaud

+1(865) 205-4208
$ 475,000
Est. payment /mo
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Pending

2359 5th Ave Knoxville, TN 37917

2,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $237

MLS Listing ID 1345397

Year Built 1960

Lot Dimensions 50 X 145

Source East Tennessee REALTORS® MLS

Property Description

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.

Location

State TN

County Knox County - 1

Rooms

Other Rooms Other

Interior

Interior Features Walk-In Closet(s)

Heating Other, Electric

Cooling Wall Cooling

Flooring Hardwood, Tile

Window Features Windows - Dble Pane

Appliance Range, Refrigerator

Heat Source Other, Electric

Exterior

Exterior Feature Doors - Storm, Porch - Covered, Windows - Dble Pane

Parking Features On-Street Parking, Off-Street Parking, Shared Garages, Attached

Garage Spaces 3.0

Garage Description Attached, On-Street Parking, Off-Street Parking, Attached, Shared Garages

Roof Type Other, See Remarks

Total Parking Spaces 3

Garage Yes

Building

Faces Broadway SW - Turn right onto E 5th Ave/W Fifth Ave - Continue onto E Magnolia Ave - Turn left onto Spruce St - Turn left onto E 5th Ave - Destination will be on the right.

Structure Type Brick,Block

Schools

Elementary Schools Sarah M Greene/Magnet

Middle Schools Vine/Magnet

High Schools Austin East/Magnet

Others

Restrictions Yes

Tax ID 082JS015

Security Features Smoke Detector

Energy Description Electric

Acceptable Financing USDA Loan, Other, VA Loan, FHA, Cash, Conventional

Listing Terms USDA Loan, Other, VA Loan, FHA, Cash, Conventional

Listed by Realty Executives South

NEARBY SCHOOLS & PROPERTIES

Nic Nicaud

Nic Nicaud

Broker | License ID: 302707

+1(865) 205-4208

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