4.08 Acres in Rocky Hill

Multi-Family for Sale
Catylist Listing ID: 30855356
Number of Units: 2 Units
Building Size (RSF): 3,807 SF
Gross Building Area: See Agent
Sale Price: $1,300,000
Unit Price: $650,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/24/2023

Overview / Comments

Prime location and unique timing come together to create this rare opportunity. Scenically situated in the Rocky Hill Community is 4.08 acres in the heart of West Knoxville. Property is being sold all together and includes two parcels. The home at 1100 Wallace Rd. was built in 1996 has 3 bedroom 2 baths, 1678 sqft on sewer with a loft barn and utility building. The second parcel 1108 Wallace Rd. was built in 1965 a basement ranch w/ 3 bedroom 2 bath 2129 sqft on septic and has a pole barn, both homes have front porches and back decks. This is a beautiful property with lots of potential be it a multi-generational farmstead, or a developers dream come true.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 133kf032 & 133kf031
Property Located Between: Rocky Hill & Northshore
Airports: McGhee Tyson Airport
Site Description: Country setting in the heart of Bearden in West Knoxville
Total Number of Buildings: 5
Property Condition: Good
Construction/Siding: Brick
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Heat Pump
Fuel: Gas, Electric
Water Service: Municipal
Sewer Type: Municipal, Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,280 61,360 126,218
Median Age: 39.06 38.26 37.78
Households: 3,676 27,145 54,693


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