605 Gill AveKnoxville, TN 37917
- Residential income properties
- 3,164 SF
Property Details for 605 Gill Ave
- Year built
- 1910
- Property size (Sq ft)
- 3,164 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This charming 2-story, 4-unit apartment building at 605 Gill Ave, Knoxville, TN 37917, presents a compelling investment opportunity. Built in 1910 and renovated in 2024, this 3,164 sq ft property sits on a 4,356 sq ft lot in a desirable district near downtown. The building features four units: two 1-bedroom units on the ground floor with leases under 12 months, and two 1-bedroom, 1-bathroom units upstairs, one vacant and one with a washer/dryer connection, sharing a balcony. Recent upgrades include new water heaters and AC units (2023). The roof is approximately 14 years old. Convenient parking is available on-site, off-street, and on-street, with potential for additional parking in the rear. The property is zoned residential and offers a blend of historic charm and modern updates, making it ideal for generating steady rental income. Asking price is $735,000 ($183,750 per unit), with a net rentable area of 3,000 sq ft. This represents a price per square foot of $232.30. Don't miss this chance to acquire a piece of Knoxville's history.
Location Insight
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Latitude
- 35.9795
- Longitude
- -83.9196
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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