Knoxville, TN 37914,315 Castle St
Knoxville, TN 37914,315 Castle St
Knoxville, TN 37914,315 Castle St
19
$860,000
$850,000
1.2%
Est.Price: ?

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10,380 SqFt

315 Castle St Knoxville, TN 37914

Est. payment /mo
SOLD DATE : 10/31/2024

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Key Details

Sold Price $860,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 10,380 sqft

Price per Sqft $82

Subdivision Lake Park Springs

MLS Listing ID 1272054

Sold Date 10/31/24

Originating Board East Tennessee REALTORS® MLS

Year Built 1950

Lot Size 0.360 Acres

Acres 0.36

Lot Dimensions 118.8 X 153.3 X IRR

Property Description

This property presents an exceptional investment opportunity only 3 miles from Downtown Knoxville and the Old City shops and restaurants, as well as minutes from UTK campus. It is 1.2 miles from the under construction downtown Sports and Entertainment Stadium to be completed 2025. This venue will host the Tennessee Smokies Baseball, One Knoxville SC Soccer, concerts, festivals and other special events only adding to the draw of Downtown social events and UT sports. The property offers urban convenience and prime real estate potential. The investment consists of 12 apartment units, each featuring 2 bedrooms and 1 bathroom. In the past year, significant maintenance updates and renovations have been carried out, and the property is at 90% occupancy, with one unit used for storage. Located in the heart of East Knoxville, the complex is centrally located to many activities for all ages. This property is ideal for investors looking to expand their portfolio, offering exceptional potential and flexibility for a rewarding investment. The listing emphasizes the property's strategic location, recent improvements as key selling points, positioning it as an attractive opportunity in a growing area of Knoxville.

Location

State TN

County Knox County - 1

Area 15507.0

Rooms

Other Rooms Other

Interior

Heating Ceiling, Baseboard, Space Heater, Electric

Cooling Window Unit(s)

Flooring Hardwood, Vinyl

Appliance Range, Refrigerator

Heat Source Ceiling, Baseboard, Space Heater, Electric

Exterior

Exterior Feature Windows - Aluminum, Patio

Garage On Premise Parking

Garage Description On Premise Parking

Roof Type Shingle

Porch true

Parking Type On Premise Parking

Garage No

Building

Faces I-40 exit at Cherry St. turn south toward Magnolia Ave., turn left on Magnolia, turn left on Castle St. Apartments at corner of E. 5th Ave and Castle St.

Structure Type Brick

Schools

Elementary Schools Sarah M Greene/Magnet

Middle Schools Vine/Magnet

High Schools Austin East/Magnet

Others

Tax ID 082FD009

Energy Description Electric

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by The Ferguson Company

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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