315 Castle St Pending Save Request In-Person Tour Request Virtual Tour
Knoxville,TN 37914
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 10,380 sqft
Price per Sqft $81
Subdivision Lake Park Springs
MLS Listing ID 1272054
Year Built 1950
Lot Size 0.360 Acres
Property Description
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.
Location
State TN
County Knox County - 1
Area 15507.0
Rooms
Other Rooms Other
Interior
Heating Ceiling,Baseboard,Space Heater,Electric
Cooling Window Unit(s)
Flooring Hardwood,Vinyl
Exterior
Exterior Feature Windows - Aluminum,Patio
Garage On Premise Parking
Garage Description On Premise Parking
Roof Type Shingle
Building
Structure Type Brick
Schools
Elementary Schools Sarah M Greene/Magnet
Middle Schools Vine/Magnet
High Schools Austin East/Magnet
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional