123 Springdale Ave Knoxville, TN 37917
1,956 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,956 sqft
Price per Sqft $132
Subdivision Oakwood C B Atkins Add
MLS Listing ID 1346324
Year Built 1915
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50 X 145
Source East Tennessee REALTORS® MLS
Property Description
Exceptional multi-family property zoned for commercial use and ideally located just outside Knoxville's vibrant Happy Holler district. With three income-producing units currently rented month-to-month, this property offers immediate cash flow plus excellent value-add potential.
The two first-floor apartments rent for $1,200 per month each, while the upstairs unit rents for $1,000 per month, for a total of $3,400 per month. Tenants are responsible for their own utilities, and each dwelling has its own electric meter.
The existing apartments could benefit from repairs, cleaning, and modernization, creating an opportunity for an investor to improve the property and potentially increase future rental income.
An additional approximately 450 sq. ft. of unfinished upper-level space offers potential for an additional unit and income stream, subject to applicable zoning, permitting, inspections, and governmental approvals.
Additional features include a newer roof, large lot, rear street access, and convenient off-street parking.
With its desirable location, existing rental income, commercial zoning, and additional development potential, this is an opportunity for an investor looking to build value and maximize income in a growing Knoxville area.
Location
State TN
County Knox County - 1
Area 7231.0
Rooms
Other Rooms Bedroom Main Level
Interior
Heating Heat Pump, Natural Gas, Electric
Cooling Central Cooling
Flooring Vinyl
Window Features Windows - Storm,Windows - Aluminum
Heat Source Heat Pump, Natural Gas, Electric
Exterior
Exterior Feature Windows - Storm, Porch - Covered, Shed, Windows - Aluminum
Parking Features On-Street Parking, On Premise Parking
Garage Description On-Street Parking, On Premise Parking
Roof Type Shingle
Garage No
Building
Faces Keep left at Interstate Highway 40 E/I-40 E toward Knoxville Keep right Take exit 1B on the right onto W Woodland Ave NW toward Oldham Ave Turn right onto W Woodland Ave Turn left onto N Central St Turn right onto E Springdale Ave. 2nd house on left. You have arrived at 123 E Springdale Ave. Your destination is on the left, Sign in yard
Additional Building Shed
Structure Type Vinyl Siding,Block,Frame
Schools
Elementary Schools Christenberry
Middle Schools Whittle Springs
High Schools Fulton
Others
Restrictions Yes
Tax ID 081FS024
Energy Description Electric, Gas(Natural)
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
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