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124 Viking Rd, Oak Ridge, 37830
Priced At: $1,200,000
Property Details for ID: 1252030
SqFt: 0
Price SqFt: n/a
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Closed
Property Type: MultiFamily
On Market Date: 2024-02-07T18:56:29Z
Public Remarks: Incredible INVESTMENT OPPORTUNITY in Oak Ridge - 12 Unit Apartment Complex! *MOTIVATED SELLERS* Welcome to this prime investment opportunity in the heart of Oak Ridge, Tennessee! This 12-unit apartment complex presents a unique blend of modern luxury and promising potential. Property Features: 4 Fully Renovated Units: Everything is NEW top to bottom. Unit upgrades include HVAC, plumbing, electrical, appliances, washer and dryer in each unit, windows, sheet rock, lighting, flooring, and more. These units are metered separately and each unit has been fitted with fire suppression heat detected sprinkler systems, hard wired smoke alarms and fire alarms. These are sure to be maintenance free for many years. 8 Partially Renovated Units with New Framing that is framed in with all rooms including laundry rooms in each unit, windows, Siding, Roofs, water supply lines ready for plumbing, and for fire suppression installation, temporary power pole set up for both buildings : The remaining 8 units boast brand new structural enhancements, ensuring longevity and low maintenance costs. Future tenants will enjoy the benefits of upgraded exteriors and improved energy efficiency. Buildings are situated on over 2 acres of beautiful level land for tenant and owner enjoyment, or potential expansion! Conveniently situated in the heart of Oak Ridge, the complex is within close proximity to schools, parks, shopping centers, and major transportation routes, making it an attractive choice for potential tenants. Thriving Rental Market: Oak Ridge's established rental market which is continuing to grow exponentially makes this property a sound investment choice, providing a steady income stream for the discerning investor. All three buildings are separately parceled. Parcel #s: 108-114 is #099E F 011.00, 116-122 is #099E F 012.00, 124- 130 is #099E F 013.00 The owners are motivated to sell, offering an opportunity for investors who are capable. Act now to secure this valuable asset by contacting me today! Don't let this opportunity pass you by! Buyers responsibility to verify all information is correct. Owner agent.
Schools Information
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From turnpike go north on Viking Rd. just passed Vienna Rd this will be the 2nd building on the left.
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
Four Reasons to Use Daniel Parker
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!