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116 Viking Rd

Oak Ridge, TN 37830
  • $1,200,000
  • STATUS: Active Under Contract
  • ON SITE: 19 Days
  • ID#: 1252013
Under Contract
UPDATED: 56 min ago
$1,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,682
    SQFT
  • $447
    $/SQFT
Type:
Multi-Family
Built:
1943
County:
Area:

School Ratings & Info

Description

Incredible INVESTMENT OPPORTUNITY in Oak Ridge - 12 Unit Apartment Complex!*MOTIVATED SELLER*Welcome to this prime investment opportunity in the heart of Oak Ridge, Tennessee! This 12-unit apartment complex presents a unique blend of modern luxury and promising potential.Property Features:4 Fully Renovated Units: Everything is NEW top to bottom. Unit upgrades include HVAC, plumbing, electrical, appliances, washer and dryer in each unit, windows, sheet rock, lighting, flooring, and more. These units are metered separately and each unit has been fitted with fire suppression heat detected sprinkler systems, hard wired smoke alarms and fire alarms. These are sure to be maintenance free for many years.8 Partially Renovated Units with New Framing that is framed in with all rooms including laundry rooms in each unit, windows, Siding, Roofs, water supply lines ready for plumbing, and for fire suppression installation, temporary power pole set up for both buildings : The remaining 8 units boast brand new structural enhancements, ensuring longevity and low maintenance costs. Future tenants will enjoy the benefits of upgraded exteriors and improved energy efficiency.Buildings are situated on over 2 acres of beautiful level land for tenant and owner enjoyment, or potential expansion!Conveniently situated in the heart of Oak Ridge, the complex is within close proximity to schools, parks, shopping centers, and major transportation routes, making it an attractive choice for potential tenants.Thriving Rental Market: Oak Ridge's established rental market which is continuing to grow exponentially makes this property a sound investment choice, providing a steady income stream for the discerning investor.All three buildings are separately parceled. Parcel #s: 108-114 is #099E F 011.00, 116-122 is #099E F 012.00, 124- 130 is #099E F 013.00The owners are motivated to sell, offering an opportunity for investors who are capable.Act now to secure this valuable asset by contacting me today! Don't let this opportunity pass you by!Buyers responsibility to verify all information is correct. Owner agent.

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© 2024 East Tennessee REALTORS®. 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 The Holladay Group at Keller Williams. Information is deemed reliable but is not guaranteed accurate by the MLS or The Holladay Group at Keller Williams. Data last updated: 2024-02-27T20:24:30.74.
www.propertiesforsaleknoxville.com/homes/147356092
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116 Viking Rd Oak Ridge, TN 37830

  • Price: $1,200,000
  • Status: Active Under Contract
  • On Site: 19 Days
  • Updated: 56 min ago
  • ID#: 1252013
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,682
SQFT
$447
$/SQFT
1943
Built
County:
Anderson
Area:
Oak Ridge
Property Description
Incredible INVESTMENT OPPORTUNITY in Oak Ridge - 12 Unit Apartment Complex!*MOTIVATED SELLER*Welcome to this prime investment opportunity in the heart of Oak Ridge, Tennessee! This 12-unit apartment complex presents a unique blend of modern luxury and promising potential.Property Features:4 Fully Renovated Units: Everything is NEW top to bottom. Unit upgrades include HVAC, plumbing, electrical, appliances, washer and dryer in each unit, windows, sheet rock, lighting, flooring, and more. These units are metered separately and each unit has been fitted with fire suppression heat detected sprinkler systems, hard wired smoke alarms and fire alarms. These are sure to be maintenance free for many years.8 Partially Renovated Units with New Framing that is framed in with all rooms including laundry rooms in each unit, windows, Siding, Roofs, water supply lines ready for plumbing, and for fire suppression installation, temporary power pole set up for both buildings : The remaining 8 units boast brand new structural enhancements, ensuring longevity and low maintenance costs. Future tenants will enjoy the benefits of upgraded exteriors and improved energy efficiency.Buildings are situated on over 2 acres of beautiful level land for tenant and owner enjoyment, or potential expansion!Conveniently situated in the heart of Oak Ridge, the complex is within close proximity to schools, parks, shopping centers, and major transportation routes, making it an attractive choice for potential tenants.Thriving Rental Market: Oak Ridge's established rental market which is continuing to grow exponentially makes this property a sound investment choice, providing a steady income stream for the discerning investor.All three buildings are separately parceled. Parcel #s: 108-114 is #099E F 011.00, 116-122 is #099E F 012.00, 124- 130 is #099E F 013.00The owners are motivated to sell, offering an opportunity for investors who are capable.Act now to secure this valuable asset by contacting me today! Don't let this opportunity pass you by!Buyers responsibility to verify all information is correct. Owner agent.
Exterior Features

Construction BlockFrameFrame - Brick Driveway no Exterior Features Doors - Energy StarPorch - CoveredWindows - Vinyl Garage Parking Off-Street ParkingOn-Street Parking Lot Size 118x248x150x302 Siding BrickVinyl

Interior Features

Appliances DishwasherDryerRangeRefrigeratorSelf Cleaning OvenSmoke DetectorWasher Cooling Central Cooling Floors CarpetVinyl Fuel Electric Heat Central Misc Features PantryWasher/Dryer Connect Other Rooms Bedroom Main Level

Property Features

Auction YN No City County Code City Limits City Taxes 876.39 County Taxes 930.33 Miscellaneous Utility RoomWasher/Dryer Cnctns Multifamily Sub Type ApartmentFour Plex New Financing CashConventionalNew LoanOther Owner Expenses Common Area MaintenanceExterior MaintenanceHVAC MaintenanceInsuranceLawn MaintenancePool MaintenanceRoof MaintenanceTaxesTrash Collection Property Status N/A Pud YN No Restrictions Yes Sale Includes Building and Land Tenant Expenses Tenant Pays All Util Total Tax 1806.72 Type Of Units 1 Bedroom Unit2 Bedroom UnitTownhouseUnfurnished Utilities Mo Avg 0.00

Listing information © 2024 East Tennessee REALTORS®.
Listing provided courtesy of The Real Estate Firm, Inc.: (865) 770-4030.


© 2024 East Tennessee REALTORS®. 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 The Holladay Group at Keller Williams. Information is deemed reliable but is not guaranteed accurate by the MLS or The Holladay Group at Keller Williams. Data last updated: 2024-02-27T20:24:30.74.
 
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The Holladay Group at Keller Williams
11400 Parkside Dr., Ste. 120
Knoxville TN, 37934