Fire Sale! 2 Lots with 1 Really Rough 4Plex Bldg

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30478825
Property Subtypes: Duplex/Fourplex, Other
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 4,648 SF
Gross Land Area: 43,560 SF
Sale Price: $79,500
Unit Price: $19,875 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/13/2019

Overview / Comments

Fire Sale!!! Literally!!! Our Seller's loss is your gain!!! Sale includes 2 lots with one really rough building. Addresses are 1927 & 1931 E Old Topside Rd. At 1927 E Old Topside there is a vacant 4plex that has been heavily vandalized. 1931 E Old Topside is immediately adjacent on the West side and formerly contained a 4plex that burned. Lot is now vacant. The reason that the existing 4 plex is vacant is that the septic field failed on both properties. Property is being sold ''As Is''. Square footage is from tax records, is not guaranteed, & should be verified by Buyer.
From Pellissippi Parkway (I-140) Exit Topside Road and go East. Turn left at Wright Road and left onto Old Topside at the stop sign. Property is on your left, just past the church. It is the 3rd 4 plex on the left, vacant lot is adjacent on the right of the vandalized 4 plex. No sign on property.

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Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount county
Tax ID/APN: 005008 14804
Percent Occupied: 0%
Property Condition: Poor
Number of Stories: 2
Year Built: 1974

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 18,906 71,257
Median Age: 41.54 40.59
Households: 7,853 30,329
The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.