Nevada Heights is a 17-unit property located in LaFollette, TN that has recently been completely renovated and is well positioned to achieve market rents. The property has been ran as an affordable housing complex, but all rent restrictions will be lifted at the time of closing which will allow a buyer to increase rents to market rates.
-Recently Renovated Interiors and Exterior
-Ability to Convert Office Into 18th Unit
-Rents $300-$400 Below Market
Sold for $1,150,000 on 03/03/23
$1,150,000
131 Nevada Ave, La Follette, TN 37766
--beds
0baths
12,932sqft
Multi Family
Built in 2002
-- sqft lot
$-- Zestimate®
$89/sqft
$978 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 20, 2023 at 07:38am
Listed by:
Kevin G. Tipton,
SVN I Wood Properties,
Jon Roosen,
SVN I Wood Properties
Bought with:
Cohl Morgan, 351465
SVN I Wood Properties
Source: East Tennessee Realtors,MLS#: 1213848

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Central, Other
Cooling
- Central Air
Appliances
- Included: Refrigerator
Features
- Flooring: Laminate
Interior area
- Total structure area: 12,932
- Total interior livable area: 12,932 sqft
Property
Parking
- Parking features: On Premise Parking
Lot
- Size: 1.75 Acres
- Dimensions: 1.75 Acre
Details
- Parcel number: 085O C 039.00
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
Condition
- Year built: 2002
Community & neighborhood
Location
- Region: La Follette
Other
Other facts
- Listing terms: New Loan,Cash,Conventional