Pat McCollum Can Help You Purchase This Unit

Thank you for choosing Pat McCollum! As one of the Knoxville area's premier Real Estate Brokers, we are uniquely qualified to help you find the perfect property. On the lake, around town or out on a farm, Pat McCollum is here to help!

308 Knox Rd, Knoxville, 37918

Priced At: $374,900


Listing Videos - 6

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Property Details for ID: 1291013

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SqFt: 4,584
Price SqFt: $82
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Pending - Continue to Show - Inspection
Property Type: MultiFamily
On Market Date: 2025-02-24T22:40:36Z

Public Remarks: JUST REDUCED! 6 UNITS - FTN CITY - VACANT - FLOOD ZONE - Prequal required with all offers. Located in the heart of Fountain City, this vacant 6-unit building offers a unique opportunity for investors seeking a property with strong upside potential. Situated in a highly sought-after area, this building consists of 4 2-bedroom, 1-bath units and 2 1-bedroom, 1-bath units. While the property does require substantial work (please see videos of all interiors), it is a value add play. If you're looking to renovate and flip, to create long-term rental income, the prime location and desirable unit mix offer the perfect foundation to unlock its full potential. This property is within walking distance to Kroger, coffee shops, two different parks and many fast food chains. . Seller to close at Tennessee Valley Title Kimberly D Carmosino and requests Buyer do same. The seller has sourced two insurance quotes for this property from TIS Insurance. First quote is for $250k in coverage and is priced at $1,751 and the second quote is for $400k in coverage at $5,891 per year.

Schools Information

Sorry, school information is not available for this listing.

Building Description

Year Built: 1940
SqFt (Total): 4,584
Sub-Type: Five or Six Plex
Sale Includes: Building and Land
Unit Type(s): 1 Bedroom Unit, 2 Bedroom Unit, Garden

  Exterior Features

Construction: Frame
Siding: Vinyl, Other

  Appliances

  Room Dimensions

  Interior Features

Floors: Hardwood, Laminate, Vinyl
Other Rooms: Other
Misc Features: WasherDryer Connect

  Property Details

Utilities

Fuel Types: Electric

Financing

Finance Options: Cash, Other
Gross Annual Income: 0
Net Operating Income: 0

  HOA Information

Heating & Cooling

Cooling Type(s): Window Unit(s)
Heat Type(s): Baseboard

Garage / Parking

On Premise Parking

  Community Features

Outbuildings


Presented By: / Goldman Partners Realty, LLC

Up Coming Open Houses

Sorry, no open houses are currently available for this listing.

Directions

Starting From I-640 Toward Asheville Take Exit 3. In 2.2 Miles Take Exit 6 Onto Old Broadway Toward Broadway, US 441 And Then In 0.3 Miles Turn Left Onto N Broadway. Head 1.1 Miles Down The Road And Turn Left Onto Knox Rd, in 0.2 Miles The Destination Will Be On Your Left.



Your commute

( Departing today at 8:00am )


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