$650,000
$599,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
2930 Magnolia Ave Knoxville, TN 37914
9,120 SqFt
Key Details
Sold Price $650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,120 sqft
Price per Sqft $71
Subdivision Lake Park Springs
MLS Listing ID 1276758
Sold Date 12/27/24
Originating Board East Tennessee REALTORS® MLS
Year Built 1970
Lot Dimensions 50 X 165.6 X IRR
Property Description
8-unit value-add multifamily investment at 2930 E Magnolia, Knoxville, TN!! Just minutes from the new Smokies Baseball Stadium, this property is positioned to benefit from area growth and demand. East Magnolia is seeing streetscape improvements, boosting curb appeal and walkability. Close to the University of Tennessee, downtown, and attractions like Chilhowee Park and the Knoxville Zoo, this property offers strong tenant demand potential. Investors have the chance to add value and maximize returns in this growing area.
Location
State TN
County Knox County - 1
Rooms
Other Rooms Other
Interior
Heating Central, Other
Cooling Central Cooling
Flooring Vinyl
Heat Source Central, Other
Exterior
Parking Features On Premise Parking, Off-Street Parking
Garage Description Off-Street Parking, On Premise Parking
Roof Type Shingle
Garage No
Building
Faces Traveling East on I-40 exit Cherry St. Turn right onto Cherry St, then left onto Magnolia Ave. Property is on the right.
Structure Type Brick
Schools
Elementary Schools Sarah M Greene/Magnet
Middle Schools Vine/Magnet
High Schools Austin East/Magnet
Others
Tax ID 082FN005
Energy Description Other Fuel
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional
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