UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1353403
Year Built 1971
Lot Dimensions 134x246xIRR
Source East Tennessee REALTORS® MLS
Property Description
2BR/1BA and two 1BR/1BA units. The approximately 3,256-square-foot building sits on approximately 0.52 acres and offers an opportunity for an investor to complete renovations and reposition the property.
Three of the four units have been cleared and primed, leaving a largely blank canvas for a new
owner to complete finishes to their specifications. One unit remains occupied under a one-year lease, with the remaining three units currently vacant.
Significant capital improvements have been completed in recent years, including a newer roof, upgraded electrical service boxes, and new concrete and gutters, along with landscape cleanup and preparation of the vacant units for renovation.
The owner's improvement schedule identifies the roof, electrical service, concrete, unit preparation, landscape cleanup, and gutters among the recent work completed at the property.
With much of the initial preparation already complete, 719 Murray Drive offers an investor the opportunity to finish the units, establish new rents and bring the property back to stabilized
occupancy.
Location
State TN
County Knox County - 1
Rooms
Other Rooms Bedroom Main Level, Other
Interior
Heating Ceiling, Central, Other, Electric
Cooling Window Unit(s)
Flooring Laminate, Tile, Other
Window Features Windows - Aluminum
Appliance Other
Heat Source Ceiling, Central, Other, Electric
Exterior
Exterior Feature Balcony
Parking Features Off-Street Parking
Garage Description Off-Street Parking
Roof Type Shingle
Garage No
Building
Faces Clinton Hwy, turn right on Murray Dr, Property will be on the left in approx. 0.8 miles
Additional Building Shed
Structure Type Brick,Frame,Other
Others
Tax ID 068JA005
Security Features Smoke Detector
Energy Description Electric
Acceptable Financing Other, New Loan, Cash, Conventional
Listing Terms Other, New Loan, Cash, Conventional
NEARBY SCHOOL & BUSINESS
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