Leona Skiles Can Help You Purchase This Unit

Thank you for choosing Leona Skiles! 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, Leona Skiles is here to help!

755 Kirk Ave, Lenoir City, 37771

Priced At: $875,000

Property Details for ID: 1121437

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SqFt: 9,524
Price SqFt: $92
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Pending - Continue to Show - Financing
Property Type: MultiFamily
On Market Date: 2020-06-26T19:26:00Z
Subdivision: Dan Jones Farm Resub

Public Remarks: UNITS ARE 524 WILSON ST, 755, 800, 900 & 997 KIRK STREET. EXCELLENT INVESTMENT OPPORTUNITY IF YOU ARE LOOKING FOR A WELL-MAINTAINED MULTI-FAMILY INVESTMENT W/ GREAT CASH FLOW. 5 ALL BRICK DUPLEXES ALL 2BD/1BA W/WD CONNECTIONS & ADJACENT TO EACH OTHER. TWI UNITS WERE BUILT IN ''98 BY OWNERS. LONG TERM TENANTS SO OWNERS HAVE NOT RASIED RENTS. ESTIMATED MONTHLY RENTAL SHOULD BE $700-750.00. ALL UNITS ARE METERED SEPARATELY FOR WATER, GAS & ELECTRIC. EACH UNIT HAS A W/D HOOK UPS. NEW ROOF AS OF 10/19 ON 800 KIRK, REMAINING UNITS ROOFS ARE LESS THAN 10 YEARS OLD. NEWER H/A UNITS. 2 UNITS HAVE LARGE WALK - IN UNFINISHED BASEMENT AREA. LOW CITY/COUNTY TAXES/ COVERS TRASH PICK UP. OWNER SELF MOWES. GROSS RENTAL INCOME $70,200- POTENTIAL GROSS RENTAL INCOME WITH IMPROVED RENTS $87,000

Schools Information

Elementary School: ********
Middle / Junior School:
High School:

Building Description

Year Built: 1994
SqFt (Total): 9,524
Sub-Type: Duplex
Sale Includes: No Furnishings
Unit Type(s): 2 Bedroom Unit, Unfurnished

  Exterior Features

Features: Patio, Porch - Covered
Construction: Block, Frame - Brick
Siding: Brick

  Appliances

Dishwasher, Disposal, RangeOven, Refrigerator, Smoke Detector

  Room Dimensions

  Interior Features

Floors: Carpet, Laminate, Vinyl
Other Rooms: Breakfast Room, Family Room, Mstr Bdrm Main Level, OfficeBR Main Level
Misc Features: Internet Available, WasherDryer Connect

  Property Details

Utilities

Fuel Types: Electric, Gas (Natural)

Financing

Finance Options: Cash, New Loan
Gross Annual Income: 70,200
Annual Operating Expenses: 10,602
Net Operating Income: 59,598

  HOA Information

Restrictions: No

Heating & Cooling

Cooling Type(s): Central Cooling
Heat Type(s): Central, Forced Air

Garage / Parking

On Premise Parking, None

  Community Features

Outbuildings


Presented By: Jacquie Litton Properties / Re/Max Preferred Properties, Inc.

Up Coming Open Houses

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

Directions

I-75 Southbound from Knoxville, Take Exit 81 (Lenoir City Exit), Turn Left at Red Light onto Hwy 321 N Drive 2/10 Mile to Right at Town Creek Rd. W. Turn Right onto Town Creek Parkway Continue onto Harrison Ave/ Town Creek Pkwy. Turn Left onto Reeves St and Left onto Kirk Ave.



Your commute

( Departing today at 8:00am )


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