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308 Knox Rd, Knoxville, 37918
Priced At: $374,900
Property Details for ID: 1291013
SqFt: 4,584
Price SqFt: $82
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Pending - Continue to Show - Inspection
Property Type: MultiFamily
On Market Date: 2025-02-24T22:40:36Z
Public Remarks: JUST REDUCED! 6 UNITS - FTN CITY - VACANT - FLOOD ZONE - Prequal required with all offers. Located in the heart of Fountain City, this vacant 6-unit building offers a unique opportunity for investors seeking a property with strong upside potential. Situated in a highly sought-after area, this building consists of 4 2-bedroom, 1-bath units and 2 1-bedroom, 1-bath units. While the property does require substantial work (please see videos of all interiors), it is a value add play. If you're looking to renovate and flip, to create long-term rental income, the prime location and desirable unit mix offer the perfect foundation to unlock its full potential. This property is within walking distance to Kroger, coffee shops, two different parks and many fast food chains. . Seller to close at Tennessee Valley Title Kimberly D Carmosino and requests Buyer do same. The seller has sourced two insurance quotes for this property from TIS Insurance. First quote is for $250k in coverage and is priced at $1,751 and the second quote is for $400k in coverage at $5,891 per year.
Schools Information
Sorry, school information is not available for this listing.Building Description
SqFt (Total): 4,584
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Net Operating Income: 0
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Directions
Starting From I-640 Toward Asheville Take Exit 3. In 2.2 Miles Take Exit 6 Onto Old Broadway Toward Broadway, US 441 And Then In 0.3 Miles Turn Left Onto N Broadway. Head 1.1 Miles Down The Road And Turn Left Onto Knox Rd, in 0.2 Miles The Destination Will Be On Your 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!