5639 Lon Roberts DR Active Save Request In-Person Tour Request Virtual Tour
Knoxville,TN 37918
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,504 sqft
Price per Sqft $178
Subdivision Fountain City Add
MLS Listing ID 1289846
Year Built 1972
Property Description
Fountain City is exploding and this is a great opportunity to get in on the ground floor with an all brick 4-Plex that has been mostly renovated. All 4 tenants have been there nearly 2 years and rents are ready to be increased. Roof was replaced in 2012, one HVAC unit was replaced in 2024, and the others were replaced around 2017. One unit is currently rented for $1,300 and three are rented for $1,200. The complex is less than 1/2 mile to booming Broadway with all the new shops gyms, and restaurants. There is an area in the back that can be used for laundry as an extra income source. Comparable units are currently renting for $1,400. Taxes are $5,608.92. Insurance is $2,371. $5,Owner/Agent.
Location
State TN
County Knox County - 1
Rooms
Family Room Yes
Other Rooms Family Room, Mstr Bedroom Main Level
Interior
Heating Central,Natural Gas,Electric
Cooling Central Cooling
Flooring Vinyl
Exterior
Exterior Feature Windows - Vinyl,Porch - Covered
Parking Features Off Street
Garage Description Off-Street Parking
Roof Type Shingle
Building
Structure Type Brick,Frame
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional