3206 E Magnolia Ave, Knoxville, TN 37914
- $275,000
- List Price
- $275,000
- MLS#
- 1345431
- Status
- ACTIVE
- Type
- Single Family Residential
- City
- Knoxville
- County
- Knox
- Year Built
- 1948
- DOM
- 36
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.
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Additional Information
- Appliances
- Range
- Construction
- Brick
- Cooling
- Window Unit(s)
- Floors
- Other
- Garage
- Off Street
- Lot Dimensions
- 50 X 160
- Subdivision
- Lake Park Spgs Add
- Year Built
- 1948
- Subdivision
- Lake Park Spgs Add
- Heating
- Space Heater, Other, Electric
- Restrictions
- Yes
- Num Of Units
- 4
Mortgage Calculator
Agent: Carl Young |
Office: Young Marketing Group, Realty Executives |