8-unit value-add multifamily investment at 2930 E Magnolia, Knoxville, TN!! Just minutes from the new Smokies Baseball Stadium, this property is positioned to benefit from area growth and demand. East Magnolia is seeing streetscape improvements, boosting curb appeal and walkability. Close to the University of Tennessee, downtown, and attractions like Chilhowee Park and the Knoxville Zoo, this property offers strong tenant demand potential. Investors have the chance to add value and maximize returns in this growing area.
Sold for $650,000 on 12/27/24
$650,000
2930 E Magnolia Ave, Knoxville, TN 37914
--beds
0baths
9,120sqft
Multi Family
Built in 1970
-- sqft lot
$848,000 Zestimate®
$71/sqft
$1,129 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: December 30, 2024 at 05:35am
Listed by:
Ford Collier 865-337-3438,
SVN I Wood Properties,
Kevin G. Tipton,
SVN I Wood Properties
Bought with:
Orel Brodt, 362711
Alliance Sotheby's International
Source: East Tennessee Realtors,MLS#: 1276758

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Central, Other
Cooling
- Central Air
Features
- Flooring: Vinyl
Interior area
- Total structure area: 9,120
- Total interior livable area: 9,120 sqft
Property
Parking
- Parking features: On Premise Parking, Off Street
Lot
- Dimensions: 50 x 165.6 x IRR
Details
- Parcel number: 082FN005
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Year built: 1970
Community & neighborhood
Location
- Region: Knoxville
- Subdivision: Lake Park Springs
Other
Other facts
- Listing terms: New Loan,Cash,Conventional