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907 Luttrell St

Knoxville, TN 37917
  • $825,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: 1211876
UPDATED: 187 min ago
$825,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,282
    SQFT
  • $251
    $/SQFT
Type:
Multi-Family
Built:
1899
County:
Area:

School Ratings & Info

Description

RARE FOURTH & GILL APTS - FIRST TIME ON MARKET SINCE 2007 - GEORGE BARBER DESIGN Originally designed by famed architect George Barber and completed in 1899, this excellent investment was retooled in the mid 1990's as a six unit residence, complete with six individual electric meters, copper plumbing, romex wiring, new interior walls, insulation & double pane windows. In 2012 a new dimensional roof was installed as well. Additionally, the residents enjoy ample onsite parking and a private garden patio. Since his purchase in 2007, the current owner has continued to carefully maintain this unique property. Now that the owner is considering retirement from rental property ownership, this excellent investment is now available. Each unit is unique and all have hard wood flooring.Based on comparable rentals in the area current rents are below market by approximately 25%. Fourth and Gill is an amazing neighborhood with double wide sidewalks, plenty of parking, convenient access to bike paths, pocket parks, downtown and the Old City. this is an opportunity that rarely comes along.

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© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Realty Executive Associates. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty Executive Associates. Data last updated: 2022-12-08T00:32:24.323.
www.shannonfosterbolinegroup.com/homes/134806848
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907 Luttrell St Knoxville, TN 37917

  • Price: $825,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 187 min ago
  • ID#: 1211876
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,282
SQFT
$251
$/SQFT
1899
Built
County:
Knox
Area:
Knoxville
Property Description
RARE FOURTH & GILL APTS - FIRST TIME ON MARKET SINCE 2007 - GEORGE BARBER DESIGN Originally designed by famed architect George Barber and completed in 1899, this excellent investment was retooled in the mid 1990's as a six unit residence, complete with six individual electric meters, copper plumbing, romex wiring, new interior walls, insulation & double pane windows. In 2012 a new dimensional roof was installed as well. Additionally, the residents enjoy ample onsite parking and a private garden patio. Since his purchase in 2007, the current owner has continued to carefully maintain this unique property. Now that the owner is considering retirement from rental property ownership, this excellent investment is now available. Each unit is unique and all have hard wood flooring.Based on comparable rentals in the area current rents are below market by approximately 25%. Fourth and Gill is an amazing neighborhood with double wide sidewalks, plenty of parking, convenient access to bike paths, pocket parks, downtown and the Old City. this is an opportunity that rarely comes along.
Exterior Features

Construction Frame Driveway Gravel Exterior Features PatioPorch - Covered Garage Parking On Premise Parking Lot Size 50X150 Siding Other

Interior Features

Appliances RangeRefrigerator Cooling Window Unit(S) Floors HardwoodVinyl Fuel ElectricGas (Natural) Heat Forced Air Misc Features None Other Rooms Other

Property Features

Annual Oper Expenses 17665.00 Auction YN No City County Code City Limits City Taxes 3726.00 County Taxes 2686.00 Gross Annual Income 76320.00 Lease Information 2-Studios +1 Bath4 - 1Br + 1Ba Miscellaneous PatioPorch Multifamily Sub Type ApartmentFive Or Six Plex Net Operating Income 58655.00 New Financing CashNew Loan Owner Expenses GasInsuranceLawn MaintenanceRoof MaintenanceSewerTaxesWater Property Status N/A Pud YN No Restrictions Yes Sale Includes Building And Land Tenant Expenses CoolingElectricity Total Tax 6412.00 Type Of Units 1 Bedroom UnitEfficiency UnitGardenUnfurnished Units Leased 4.00 Utilities Mo Avg 435.00

Listing information © 2022 Knoxville Area Association of REALTORS®, Inc.
Listing provided courtesy of Goldman Partners Realty, Llc: (865) 444-3240.


© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Realty Executive Associates. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty Executive Associates. Data last updated: 2022-12-08T00:32:24.323.
 
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124 N Winston Rd
Knoxville TN, 37919