3206 E Magnolia Ave - Apartments FOR SALE


Knoxville, TN 37914- Park City
$275,000 USD
865-281-1321
3206 E Magnolia Ave, Knoxville, TN for Sale
$275,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

3206 E Magnolia Ave
Knoxville, TN 37914
Park City


HIGHLIGHTS

  • 4-Plex
  • Prime Rental Location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$275,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

4

PRICE/UNIT

$68,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,902 SF

ZONING

C-G-2

APN/PARCEL ID

082CF-003

ASK ABOUT THIS PROPERTY

Carl YoungYoung Marketing Group, Realty ExecutivesMore Info
865-281-1321

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Carl YoungYoung Marketing Group, Realty ExecutivesMore Info
865-281-1321

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.