101 College Park Lane, Knoxville, TN 37918 (MLS# 1132869)

101 College Park Lane, Knoxville, TN 37918

$1,650,000
Property Type: Multi-Family Status: Closed
Current Price: $1,650,000 List Date: 10/15/2020 Last Modified: 3/31/2021

Overview

Description

26 units in the heart of the Fountain City community of Knoxville. The Evergreen Apartments are all brick and in very good condition. The current owner/manager says the property is easily kept rented since it is close to shopping, access to I-640 and all (but one) unit has washer/dryer connections and most come with a stacked washer/dryer unit. There are two buildings built in 1970 & 1972. However, in 2015, the rear building suffered a fire. Reconstruction was completed in 2016 including a roof. The interiors of the 11 units were completely redone, taken down to only the perimeter studs. All new plumbing, electric and fixtures were installed. one unit and a storage room were added as ground up construction.

Supplements: The roof on the rear building was new in 2016. The roof on the front building was replaced in 2011. Heat is supplied by baseboard and/or ceiling heat. Air conditioning by through-wall units in the bedrooms. Residents pay their own electric. Landlord pays water & sewer. The property is adjacent to Gresham Middle school and walking distance to Fou ...

Listing Details MLS# 1132869

Location Tax Legal Info

House #
101
Street Name
College Park
St Suffix
Lane
State/Province
TN
Zip Code
37918
PIN #
058CF013
Subdivision
W S Mcfadden Prop & Parcel

Contract Info

Auction Y/N
No
Listing Price
1700000

General Property Description

Lot Dimensions
112x184x134x224x228x218
Number of Units
26
Utilities/Mo Avg
22950
Year Built
1970
Property Status
N/A
Driveway
Paved

Status Change Info

Status Change Date
2021-03-31
Under Contract Date
2021-01-14
Sold Date
2021-03-31

IncomeExpenses

Net Operating Income
102708

More Information

Property Features

Property Sub-Type: Apartment Type of Units: 1 Bedroom Unit; 2 Bedroom Unit Sale Includes: Building and Land Floors: Carpet; Vinyl Tenant Expenses: Electricity Owner Expenses: Advertising; Common Area Maintenance; Electricity; HVAC Maintenance; Insurance; Lawn Maintenance; Leasing Fees; Licenses; Roof Maintenance; Sewer; Taxes; Trash Collection; Water Fuel: Electric Heat: Baseboard Cooling: Window Unit(s) Appliances: Range; Refrigerator; Smoke Detector Construction: Frame - Brick Roof: Shingle Siding: Brick Misc Features: Wired for Internet Other Rooms: Other Miscellaneous: TV Cable Available New Financing: Cash; Conventional; Exchange; New Loan

Documents

IDX
Listing Office: Goldman Partners Realty, LLC
Last Updated: March - 31 - 2021
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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