5216 Tillery Rd, Knoxville, TN 37912
5216 Tillery Rd, Knoxville, TN 37912
5216 Tillery Rd, Knoxville, TN 37912
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$775,000
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5,000 SqFt
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5216 Tillery Rd Knoxville, TN 37912

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Jessica Garcia

Jessica Garcia

+1(865) 970-9009

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $155

Subdivision Clearview Hills Add 2 Pt 8

MLS Listing ID 1350369

Year Built 1972

Lot Size 0.470 Acres

Acres 0.47

Lot Dimensions 124 X 176.5 X IRR

Source East Tennessee REALTORS® MLS

Property Description

Five-unit townhome community offering immediate income and excellent value-add potential in a convenient Knoxville location. Each two-story unit features two bedrooms, one-and-a-half bathrooms, a well-configured main living area, generous closet space, and a dedicated laundry room off of a private rear patio. The property currently generates over $76,000 in annual rental income, with all five tenants now on month-to-month agreements--providing the next owner with flexibility to renovate, reposition, and evaluate future rental rates. Each unit is separately metered, with tenants responsible for all utilities. Additional features include a paved parking lot, backyard space, and a low-maintenance exterior. Built in 1972, the property would benefit from further updating, presenting an opportunity for an investor to improve the long-term performance of the asset. Conveniently located along the city bus line near Victor Ashe Park, downtown Knoxville, the University of Tennessee, and within walking distance to schools, the library, medical facilities, shopping, and dining. This is a rare opportunity for immediate income, flexible tenancy, and clear value-add in one of Knoxville's most connected locations.

Location

State TN

County Knox County - 1

Area 20342.0

Rooms

Other Rooms Other

Interior

Interior Features Walk-In Closet(s)

Heating Central, Electric

Cooling Central Cooling

Flooring Carpet, Vinyl

Appliance Dishwasher, Range, Refrigerator

Heat Source Central, Electric

Exterior

Exterior Feature Porch - Covered, Patio

Parking Features Off-Street Parking, On Premise Parking

Garage Description Off-Street Parking, On Premise Parking

Roof Type Asphalt

Porch true

Garage No

Building

Faces Merchants Drive to Left on Tillery. Townhomes are on the Left. All units are occupied. Please do not disturb the tenants.

Structure Type Stone,Vinyl Siding,Frame

Schools

Elementary Schools Norwood

Middle Schools Northwest

High Schools Powell

Others

Restrictions No

Tax ID 080CB025

Security Features Smoke Detector

Energy Description Electric

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Greater Impact Realty

NEARBY SCHOOL & BUSINESS

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Jessica Garcia

Jessica Garcia

Agent | License ID: 381242

+1(865) 970-9009

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5216 Tillery Rd