Skip To Content
    Return to Previous Page

    101 College Park Lane

    Knoxville, TN 37918
    • $1,700,000
    • STATUS: Pending
    • ON SITE: 101 days
    • ID#: 1132869
    Pending
    UPDATED: 66 min ago
    $1,700,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1970
    County:
    Area:

    School Ratings & Info

    Description

    26 units in the heart of the Fountain City community of Knoxville. The Evergreen Apartments are all brick and in very good condition. The current owner/manager says the property is easily kept rented since it is close to shopping, access to I-640 and all (but one) unit has washer/dryer connections and most come with a stacked washer/dryer unit. There are two buildings built in 1970 & 1972. However, in 2015, the rear building suffered a fire. Reconstruction was completed in 2016 including a roof. The interiors of the 11 units were completely redone, taken down to only the perimeter studs. All new plumbing, electric and fixtures were installed. one unit and a storage room were added as ground up construction.The roof on the rear building was new in 2016. The roof on the front building was replaced in 2011. Heat is supplied by baseboard and/or ceiling heat. Air conditioning by through-wall units in the bedrooms. Residents pay their own electric. Landlord pays water & sewer. The property is adjacent to Gresham Middle school and walking distance to Fountain City Elementary. It is only 0.4 miles from the KAT bus route on Broadway. No sign on property. Please do not disturb the tenants. All showings by appointment only. Call agent to show.

    Monthly Payment Calculator



    © 2021 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 Catrina Foster Group I Keller Williams Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Catrina Foster Group I Keller Williams Realty. Data last updated: 2021-01-25T20:56:44.837.
    www.catrinafostergroup.com/homes/111034577
    Print Image

    101 College Park Lane Knoxville, TN 37918

    • Price: $1,700,000
    • Status: Pending
    • Updated: 66 min ago
    • ID#: 1132869
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1970
    Built
    Neighborhood:
    W S Mcfadden Prop & Parcel
    County:
    Knox
    Area:
    Knoxville
    Property Description
    26 units in the heart of the Fountain City community of Knoxville. The Evergreen Apartments are all brick and in very good condition. The current owner/manager says the property is easily kept rented since it is close to shopping, access to I-640 and all (but one) unit has washer/dryer connections and most come with a stacked washer/dryer unit. There are two buildings built in 1970 & 1972. However, in 2015, the rear building suffered a fire. Reconstruction was completed in 2016 including a roof. The interiors of the 11 units were completely redone, taken down to only the perimeter studs. All new plumbing, electric and fixtures were installed. one unit and a storage room were added as ground up construction.The roof on the rear building was new in 2016. The roof on the front building was replaced in 2011. Heat is supplied by baseboard and/or ceiling heat. Air conditioning by through-wall units in the bedrooms. Residents pay their own electric. Landlord pays water & sewer. The property is adjacent to Gresham Middle school and walking distance to Fountain City Elementary. It is only 0.4 miles from the KAT bus route on Broadway. No sign on property. Please do not disturb the tenants. All showings by appointment only. Call agent to show.
    Exterior Features

    Construction Frame - Brick Driveway Paved Garage Parking On Premise Parking Lot Size 112X184x134x224x228x218 Siding Brick

    Interior Features

    Appliances Range/OvenRefrigeratorSmoke Detector Cooling Window Unit Floors CarpetVinyl Fuel Electric Heat Baseboard Wall Misc Features Wired For Internet Other Rooms Other

    Property Features

    Annual Oper Expenses 75417.00 Auction YN No City County Code City Limits City Taxes 6732.09 County Taxes 5793.00 Gross Annual Income 187500.00 Miscellaneous Tv Cable Available Multifamily Sub Type Apartment Net Operating Income 102708.00 New Financing CashConventionalExchangeNew Loan Owner Expenses AdvertisingCommon Area MaintenanceElectricityHvac MaintenanceInsuranceLawn MaintenanceLeasing FeesLicensesRoof MaintenanceSewerTaxesTrash CollectionWater Property Status N/A Pud YN No Sale Includes Building And Land Tenant Expenses Electricity Total Tax 12525.09 Type Of Units 1 Bedroom Unit2 Bedroom Unit Utilities Mo Avg 22950.00

    Listing information © 2021 Knoxville Area Association of REALTORS®, Inc.
    Listing provided courtesy of Goldman Partners Realty, Llc.


    © 2021 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 Catrina Foster Group I Keller Williams Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Catrina Foster Group I Keller Williams Realty. Data last updated: 2021-01-25T20:56:44.837.
     
    https://bt-photos.global.ssl.fastly.net/kaar/orig_boomver_1_1132869-2.jpg https://bt-photos.global.ssl.fastly.net/kaar/orig_boomver_1_1132869-2.jpg https://bt-photos.global.ssl.fastly.net/kaar/orig_boomver_1_1132869-2.jpg
    Logo
    Catrina Foster Group I Keller Williams Realty
    730 US HWY 321 N., Ste 108
    Lenoir City TN, 37774