Unique Property Near UT. Possible Game Day or Student Housing

Multi-Family for Sale
Catylist Listing ID: 30152501
Property Subtypes: Duplex/Fourplex, Student Housing, Other
Number of Units: 4 Units
Building Size (RSF): 4,727 SF
Gross Building Area: See Agent
Gross Land Area: 0.40 Acres
Sale Price: $650,000
Unit Price: $162,500 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/9/2017

Overview / Comments

This hidden jewel located within easy walking distance to the University of Tennessee and convenient to downtown Knoxville offers an almost unique opportunity to acquire a landmark property.
High quality, 1940 Tennessee marble construction with a Spanish tile roof, ample use of decorative tiles inside, fenced private rear yard with a 20x40’ in-ground pool distinguish this ready-to-move-in residence.
The house is two stories with a full basement has four bedrooms with four and one-half baths, large living room, dining room, den/office, full kitchen, ample breakfast area and family room. In addition, there is a finished catering kitchen/laundry/utility room adjoining the regular kitchen.
The property is zoned R-2 but is surrounded by O-1 zoning suggesting alternate uses to single family residential such as student housing or professional offices may be possible.
If converted to student housing, a 5th bed/unit could easily be added.

This property is co-listed with Sandy Robinson of Century 21 Select Properties, LLC.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 108BC004
Zoning: R-2
Community Amenities: Outdoor Pool
Property Located Between: University of Tennessee and Kingston Pike/Bearden
Highway Access: I-40 to Kingston Pike
Airports: TYS
Area Description: Located next to the University of Tennessee "Strip", next to multiple retail and food.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1940
Construction/Siding: Brick
Exterior Description: Beautiful brick exterior with extensive landscaping and attention to detail.
Parking Type: Surface
Parking Description: Paved driveway
Sprinklers: None
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Marble interior throughout w/ imported tiles, terrazzo floors, floor to ceiling baths, terrazzo window sills, and extreme detail.
Zoning Description: R-2
Lot Frontage: 74.7
Lot Depth: 225
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,953 74,514 160,565
Median Age: 25.77 30.79 34.89
Households: 4,020 30,287 68,485
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