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3206 E Magnolia Ave 4 Unit Apartment Building $275,000 ($68,750/Unit) Knoxville, TN 37914
Investment Highlights
- 4-Plex
- Prime Rental Location
Executive Summary
This versatile 4-plex represents a premier investment opportunity situated in a high-demand rental pocket. Tenants will love the convenience and walkability of this prime location, ensuring steady demand and consistent monthly cash flow. With four distinct units generating separate income streams, this property significantly mitigates vacancy risk while serving as an incredible wealth-building asset from day one. What truly sets this property apart is its rare commercial zoning, offering an unmatched level of versatility and long-term equity upside. Investors can comfortably collect traditional residential rent today while holding a highly valuable piece of commercial land for tomorrow. Whether you are looking to expand your portfolio with immediate cash flow, execute a strategic ''house-hack,'' or bank on future land appreciation, this property delivers the ultimate real estate trifecta. Opportunities that seamlessly blend residential income with commercial development potential do not stay on the market long. Contact us today to schedule your private tour.
Property Facts
| Price | $275,000 | Lot Size | 0.18 AC |
| Price Per Unit | $68,750 | Building Size | 2,928 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 4 | Year Built | 1948 |
| Property Type | Multifamily | Parking Ratio | 2.05/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | C-G-2 - General Commercial | ||
| Price | $275,000 |
| Price Per Unit | $68,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,928 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 2.05/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-G-2 - General Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 082CF-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $61,360 |
Property Taxes
Parcel Number
082CF-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$61,360
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