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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

    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.

    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#: 1272054MLS Logo

    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
    Services availability