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Sold for $1,050,000 on 04/19/24
  • $1,050,000

    124 Viking Rd, Oak Ridge, TN 37830

    6beds
    4baths
    --sqft
    Multi Family
    Built in 1943
    -- sqft lot
    $724,800 Zestimate®
    $--/sqft
    $1,339 Estimated rent

    Home value

    $724,800

    $594,000 - $870,000

    $1,339/mo

    Zestimate® history
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    What's special

    Incredible INVESTMENT OPPORTUNITY in Oak Ridge - 12 Unit Apartment Complex! *MOTIVATED SELLERS* Welcome to this prime investment opportunity in the heart of Oak Ridge, Tennessee! This 12-unit apartment complex presents a unique blend of modern luxury and promising potential. Property Features: 4 Fully Renovated Units: Everything is NEW top to bottom. Unit upgrades include HVAC, plumbing, electrical, appliances, washer and dryer in each unit, windows, sheet rock, lighting, flooring, and more. These units are metered separately and each unit has been fitted with fire suppression heat detected sprinkler systems, hard wired smoke alarms and fire alarms. These are sure to be maintenance free for many years. 8 Partially Renovated Units with New Framing that is framed in with all rooms including laundry rooms in each unit, windows, Siding, Roofs, water supply lines ready for plumbing, and for fire suppression installation, temporary power pole set up for both buildings : The remaining 8 units boast brand new structural enhancements, ensuring longevity and low maintenance costs. Future tenants will enjoy the benefits of upgraded exteriors and improved energy efficiency. Buildings are situated on over 2 acres of beautiful level land for tenant and owner enjoyment, or potential expansion! Conveniently situated in the heart of Oak Ridge, the complex is within close proximity to schools, parks, shopping centers, and major transportation routes, making it an attractive choice for potential tenants. Thriving Rental Market: Oak Ridge's established rental market which is continuing to grow exponentially makes this property a sound investment choice, providing a steady income stream for the discerning investor. All three buildings are separately parceled. Parcel #s: 108-114 is #099E F 011.00, 116-122 is #099E F 012.00, 124- 130 is #099E F 013.00 The owners are motivated to sell, offering an opportunity for investors who are capable. Act now to secure this valuable asset by contacting me today! Don't let this opportunity pass you by! Buyers responsibility to verify all information is correct. Owner agent.

    Zillow last checked: 8 hours ago

    Listing updated: February 13, 2025 at 12:41pm

    Listed by:

    Adam Norton 865-275-2326,

    The Real Estate Firm, Inc.

    Bought with:

    Cheryl A Richey, 299618

    The House Store

    Source: East Tennessee Realtors,MLS#: 1252030MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Range, Refrigerator, Self Cleaning Oven, Washer
    Features
    • Pantry
    • Flooring: Carpet, Vinyl
    • Windows: Windows - Vinyl

    Property

    Parking
    • Parking features: On Street, Off Street
    • Has uncovered spaces: Yes
    Lot
    • Dimensions: 57 x 225 x 128 x 247
    Details
    • Parcel number: 099E F 013.00

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Block, Frame, Brick
    Condition
    • Year built: 1943

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Location
    • Region: Oak Ridge

    Other

    Other facts
    • Listing terms: New Loan,Cash,Conventional

    Price history

    DateEventPrice
    4/19/2024Sold$1,050,000-12.5%
    Source: East Tennessee Realtors #1252030
    2/12/2024Pending sale$1,200,000
    Source: East Tennessee Realtors #1252030
    2/7/2024Listed for sale$1,200,000
    Source: East Tennessee Realtors #1252030

    Public tax history

    YearProperty taxesTax assessment
    2024$1,666 $34,920
    2023$1,666 $34,920
    2022$1,666 $34,920

    Find assessor info on the county website

    Neighborhood: 37830

    Nearby schools

    GreatSchools rating
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