BEDS0
BATHS
MLS#1323906
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
NEIGHBORHOODKnox County - 1
Property Description
SVN | Wood Properties is proud to present 3014 Forestdale Ave - a beautifully updated 32 unit multifamily property in North Knoxville, just minutes from downtown. This well-maintained building features modern one-bedroom, one-bath units.Each unit currently rents for $980 per month on average, with market rent potential of $1,150, offering immediate upside for investors. Recent renovations and included utilities - water, landscaping, and waste service - make for easy ownership and strong tenant appeal. Included with the property is a vacant building that could be turned into an onsite laundry room, or a 33rd unit for additional income.This property also includes .75 acres (+/-) in the rear part of the property that could be used to build additional units, parceled and sold off, or used to create amenity space.With its prime location, solid in-place income, and room to grow rents, this property stands out as a turnkey investment opportunity in one of Knoxville's steadily growing neighborhoods - a true plus for any multifamily portfolio.This property is part of a 129 Unit portfolio that can be purchased together.For full financial documents please visit https://svnwood.com/inventory/?propertyId=1576427-sale
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Cooling
Fuel Type: Electric
Heating: Central, Electric
Lot Size: 145.2 X 600.71 X IRR
Year Built: 1970
Feature Descriptions
Days on Site: 83
Exterior: Other
Flooring: Laminate, Hardwood
Lot Dimensions: 145.2 X 600.71 X IRR
Parcel #: 105952
Parking: On Premise Parking
Units: 32
Listed By / Shown By
Listed By
Agency Name: SVN I Wood Properties
Shown By
Agent Name: Rebecca Johnson
Agent Phone: Cell: (865) 446-0380
Agency Title: Crye-Leike Real Estate Services
Source: East Tennessee REALTORS
Estimate Your Payment
Estimated Payment
$ 9,187.90 per month $8,123.32 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,064.58 Homeowner's InsuranceChange Payment Information
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3014 Forestdale Avenue Ave | MLS# 1323906
This multi-family property located at 3014 Forestdale Avenue Ave, Knoxville, TN 37917 is currently listed for sale with an asking price of $3,650,000. Search Knox County - 1 real estate on www.soldbyrebeccaj.com today.