BEDS0
BATHS
MLS#3246542
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLake Park Spgs Add
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Electric, Other
Lot Size: 50 X 160
Roof Type: Other
Taxes: $2,276
Year Built: 1948
Feature Descriptions
Days on Site: 1
Exterior: Other, Brick
Flooring: Other
Lot Dimensions: 50 X 160
Parcel#: 082CF003
Units: 4
Utilities: Electricity Available
Local Schools
High School: Austin East High/Magnet
Middle School: Vine Middle/Magnet
Elementary School: Spring Hill Elementary
Listed By / Shown By
Listed By
Agency Name: Young Marketing Group, Realty Executives
Agency Phone: 8652811321
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 189.67 per month $0.00 Principal & Interest $189.67 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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3206 E Magnolia Ave | MLS# 3246542
This multi-family property located at 3206 E Magnolia Ave , Knoxville, TN 37914 is currently listed for sale with an asking price of call for price. Search Knoxville real estate on www.clhomes.com today.