Donna Rickard
REALTOR®
BEDS0
BATHS
SQUARE FEET3,256
MLS#1353401
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMiller Pt Lts 3 4
NEIGHBORHOODKnox County - 1
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.
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: 13
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
Agent Name: Donna Rickard
Agent Phone: (865) 548-6730
Agency Title: Crye-Leike Real Estate Services
Source: East Tennessee REALTORS
Estimate Your Payment
Estimated Payment
$ 2,542.41 per month $2,247.82 Principal & Interest $0.00 Property Tax (data not provided by mls) $294.58 Homeowner's InsuranceChange Payment Information
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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 Knox County - 1 real estate on www.donnarickard.com today.