$447,500
$450,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
1203 Fair DR Knoxville, TN 37912
2,250 SqFt
Key Details
Sold Price $447,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $198
Subdivision Wassmans Add
MLS Listing ID 1305986
Year Built 1968
Lot Size 0.340 Acres
Property Description
Fully renovated in 2023, this turn-key four-plex features four 1-bedroom, 1-bathroom units—each currently rented at $995/month with significant upside potential. Market rents in the area support $1,100-$1,200/month, offering a 10-20% lift for the next investor.
Major upgrades include a new roof, energy-efficient windows, and full bathroom remodels in all units. Kitchens have been refreshed with new countertops, and two of the four units feature updated ranges. Each unit is equipped with a refrigerator and range.
Additional improvements include:
Fresh paint throughout all interiors
All-new flooring in both downstairs units, with updated kitchen flooring in the upstairs units
Two new HVAC wall units installed in the lower units, along with upgraded electrical
New stair landing and exterior railings for added safety and curb appeal
With all units move-in ready and below-market rents, this is an excellent opportunity for immediate cash flow and long-term appreciation. Schedule a showing today and add this stabilized asset to your portfolio
Location
State TN
County Knox County - 1
Area 14985.0
Rooms
Other Rooms Other
Interior
Heating Other, Electric
Cooling Window Unit(s)
Flooring Vinyl
Exterior
Parking Features Off-Street Parking
Garage Description Off-Street Parking
Roof Type Shingle
Building
Structure Type Fiber Cement,Brick
Others
Acceptable Financing VA Loan, FHA, Cash, Conventional
Listing Terms VA Loan, FHA, Cash, Conventional
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