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916 Luttrell St

Knoxville, TN 37917
  • $795,000
  • STATUS: Active Under Contract
  • ON SITE: 51 Days
  • ID#: 1201892
Under Contract
UPDATED: 53 min ago
$795,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,826
    SQFT
  • $208
    $/SQFT
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

Description

RARE FOURTH & GILL APARTMENT BUILDING!! NEW ROOF!! FIRST TIME ON THE MARKET SINCE 2003!!This amazing property is one of the few in the area that was actually built as apartments. Seller has carefully maintained throughout the years and is now considering retirement. Each unit is unique, some have balconies, or porches or sun rooms. All have hardwood flooring. There is a complimentary laundry with one washer and one dryer included in the sale. We estimate that current rents based on comparable rentals in the area are below market by at least 50% and perhaps more. Fourth and Gill is a very special neighborhood with double wide sidewalks, plenty of parking, excellent access to bike paths, pocket parks, downtown and the Old City. This is an opportunity that rarely comes along.

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© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Mountain Home Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Mountain Home Realty. Data last updated: 2022-09-28T11:26:54.847.
www.mountainhomerealty.com/homes/131931750
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916 Luttrell St Knoxville, TN 37917

  • Price: $795,000
  • Status: Active Under Contract
  • On Site: 51 Days
  • Updated: 53 min ago
  • ID#: 1201892
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,826
SQFT
$208
$/SQFT
1940
Built
County:
Knox
Area:
Knoxville
Property Description
RARE FOURTH & GILL APARTMENT BUILDING!! NEW ROOF!! FIRST TIME ON THE MARKET SINCE 2003!!This amazing property is one of the few in the area that was actually built as apartments. Seller has carefully maintained throughout the years and is now considering retirement. Each unit is unique, some have balconies, or porches or sun rooms. All have hardwood flooring. There is a complimentary laundry with one washer and one dryer included in the sale. We estimate that current rents based on comparable rentals in the area are below market by at least 50% and perhaps more. Fourth and Gill is a very special neighborhood with double wide sidewalks, plenty of parking, excellent access to bike paths, pocket parks, downtown and the Old City. This is an opportunity that rarely comes along.
Exterior Features

Construction Frame - Brick Driveway Paved Exterior Features BalconyPorch - Covered Garage Parking Carport Lot Size 50X140 Siding Brick

Interior Features

Appliances RangeRefrigerator Cooling Central Cooling Floors HardwoodTileVinyl Fuel ElectricGas (Natural) Heat Forced Air Other Rooms Sunroom

Property Features

Annual Oper Expenses 14945.00 Auction YN No City County Code City Limits City Taxes 2013.00 County Taxes 1732.00 Gross Annual Income 54000.00 Lease Information Longterm Tenants Miscellaneous Utility Room Multifamily Sub Type Apartment Net Operating Income 39055.00 New Financing CashNew Loan Owner Expenses Common Area MaintenanceExterior MaintenanceHvac MaintenanceInsuranceLawn MaintenanceSewerTaxesWater Property Status N/A Pud YN No Sale Includes Building And Land Tenant Expenses CoolingElectricityGasHeating Total Tax 3745.00 Type Of Units 1 Bedroom Unit Units Leased 5.00 Utilities Mo Avg 400.00

Listing information © 2022 Knoxville Area Association of REALTORS®, Inc.
Listing provided courtesy of Goldman Partners Realty, Llc: (865) 444-3240.


© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Mountain Home Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Mountain Home Realty. Data last updated: 2022-09-28T11:26:54.847.
 
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