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711 Murray Drive, Knoxville, TN 37912

$1,010,000
  • 711 Murray Drive, Knoxville, TN 37912 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET3,256 MLS#1353401
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMiller Pt Lts 3 4

Property Description

711 Murray Drive & 719 Murray Drive offer the opportunity to acquire eight units across two adjacent four-unit multifamily properties. The properties total approximately 6,689 square feet on 1.32 acres. Each property includes two 2BR/1BA and two 1BR/1BA units, for a combined unit mix of four 2BR/1BA and four 1BR/1BA residences.711 Murray Drive is fully leased with long-term tenancy in place and includes on-site laundry with the opportunity to expand tenant use. Recent improvements include a new driveway, deck, concrete, gutters, shed, and flooring improvements.The adjacent 719 Murray Drive offers immediate value-add potential. One unit is currently occupied under a one-year lease, while the remaining three units have been cleared and primed, allowing a new owner to complete interior finishes and bring the units back online. Recent improvements include a newer roof, upgraded electrical service boxes, new concrete, and gutters.Together, the properties offer a combination of existing rental income at 711 Murray Drive and renovation and lease-up potential at 719 Murray Drive.Please note: 711 Murray Drive is available only as part of the combined offering and will not be sold separately. 719 Murray Drive may be purchased independently.

711 Murray Drive | MLS# 1353401

This multi-family property located at 711 Murray Drive, Knoxville, TN 37912 is currently listed for sale with an asking price of $1,010,000. Search Knoxville real estate on www.franklinrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Fuel Type: Electric
Heating: Ceiling, Central, Other, Electric
Lot Size: IRR
Year Built: 1971

Amenities

Balcony

Feature Descriptions

Days on Site: 3
Exterior: Frame
Flooring: Laminate, Tile, Other
Lot Dimensions: IRR
Parcel #: 068JA004
Parking: Off-Street Parking
SQFT Total: 3256
Units: 8

Listed By / Shown By

Listed By

Agency Name: Avison Young

Shown By

Agency Title: Franklin Realty Inc.
Agency Phone: 865-484-0660

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Estimated Payment

$ 6,486.95 per month $6,192.37 Principal & Interest $0.00 Property Tax (data not provided by mls) $294.58 Homeowner's Insurance

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