605 Gill Ave, Knoxville, TN 37917

Building Details

Year Built

1910

Listing office United Real Estate Solutions s***@icloud.com Show Phone

Listing date Aug 26, 2024

Source Crexi

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Overview

Located in Knoxville's 4th and Gill District, near Downtown Knoxville, this property offers a blend of historic charm and modern convenience. The property is a fourplex with a total area of 3,164 square feet. It features four units, each with one bedroom and one bathroom. The two downstairs units are currently leased for 12 months at $1000 and $1500 respectively, with one unit having a washer and dryer connection. The two upstairs units share an upstairs balcony and are leased for 12 months at $1250 each. Parking options include off-street, on-premise, and on-street parking, with room to create a parking pad in the rear of the property. The roof is 14 years old. The water heaters and AC units were replaced in 2023. The owner estimates that approximately $25,000 in improvements are needed. The owner is selling due to having three commercial projects planned for 2025.

Suggested Use

(Bike/Boat/Book/etc) Store Dental Office Nail Salon Veterinary Clinic (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Knoxville

County

Knox

State

Tennessee

Longitude

-83.919533

Latitude

35.979526

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FAQs

What type of property is this?

Quadplex - Fourplex in historic district near downtown Knoxville with steady income.

Where is this quadplex located?

The property is located at 605 Gill Ave Knoxville, TN.

What is the asking price?

The asking price for this property is $735,000.

What are key features of this property?

This property features: Located in the highly desirable Historic 4th and Gill District near Downtown Knoxville.; Four‑unit (4‑Plex) property generating steady rental income.; Total of 3,164 sq ft with a mix of 1‑bed, 1‑bath units.