This property presents an exceptional investment opportunity only 3 miles from Downtown Knoxville and the Old City shops and restaurants, as well as minutes from UTK campus. It is 1.2 miles from the under construction downtown Sports and Entertainment Stadium to be completed 2025. This venue will host the Tennessee Smokies Baseball, One Knoxville SC Soccer, concerts, festivals and other special events only adding to the draw of Downtown social events and UT sports. The property offers urban convenience and prime real estate potential. The investment consists of 12 apartment units, each featuring 2 bedrooms and 1 bathroom. In the past year, significant maintenance updates and renovations have been carried out, and the property is at 90% occupancy, with one unit used for storage. Located in the heart of East Knoxville, the complex is centrally located to many activities for all ages. This property is ideal for investors looking to expand their portfolio, offering exceptional potential and flexibility for a rewarding investment. The listing emphasizes the property's strategic location, recent improvements as key selling points, positioning it as an attractive opportunity in a growing area of Knoxville.
Sold for $860,000 on 10/31/24
$860,000
315 N Castle St, Knoxville, TN 37914
2beds
1baths
10,380sqft
Multi Family
Built in 1950
-- sqft lot
$1,084,800 Zestimate®
$83/sqft
$896 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 04, 2024 at 12:10pm
Listed by:
Brian K Patty 865-254-4668,
The Ferguson Company,
Dave Corum 865-250-6063,
The Ferguson Company
Bought with:
Jose L Diaz, 368472
Crye-Leike Realtors South, Inc.
Source: East Tennessee Realtors,MLS#: 1272054

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Ceiling, Baseboard, Space Heater, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator
Features
- Flooring: Hardwood, Vinyl
- Windows: Aluminum Frames
Interior area
- Total structure area: 10,380
- Total interior livable area: 10,380 sqft
Property
Parking
- Parking features: On Premise Parking
Features
- Patio & porch: Patio
Lot
- Size: 0.36 Acres
- Dimensions: 118.8 x 153.3 x IRR
Details
- Parcel number: 082FD009
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Year built: 1950
Community & neighborhood
Location
- Region: Knoxville
- Subdivision: Lake Park Springs
Other
Other facts
- Listing terms: Cash,Conventional