1412 Armstrong Ave, Knoxville, TN 37917 (MLS # 1291376)

PRICE $2,160,000
BEDS 0
BATHS 0
HOME SIZE 7,444 sqft
LOT SIZE n/a

Premier Multi-Family Investment Opportunity - 1412 & 1418 Armstrong Ave, Knoxville, TN Unlock the potential of two prime multi-family properties at 1412 & 1418 Armstrong Avenue, offering a versatile income stream with a mix of long-term and short-term rental units in a sought-after Knoxville location. Property Breakdown: 1412 Armstrong Ave - Established 8-Unit Apartment Building Fully occupied 8-unit building consisting of all one-bedroom, one-bath units Strong rental history with reliable cash flow and consistent tenant demand Classic charm with modern upgrades, providing an attractive option for long-term tenants 1418 Armstrong Ave - Profitable Short-Term Rental Property 4-unit building operating as a high-yield short-term rental (2) Three-bedroom, one-bath townhome-style units, rented by the room for maximum revenue (2) One-bedroom, one-bath units, ideal for individual short-term guests 8 total rentable units available for nightly stays, catering to Knoxville's growing tourism and business traveler market Investment Highlights: Diverse rental strategy: Stable long-term tenants at 1412 Armstrong, high-yield short-term rental flexibility at 1418 Armstrong High-demand location: Close to downtown Knoxville, UT campus, and major attractions, ensuring steady occupancy Turnkey income potential: Fully operational with strong rental performance across both properties This unique investment package combines passive long-term rental income with high-profit short-term rental potential, creating a balanced, high-earning asset in Knoxville's thriving rental market. 📞 Contact us today to explore this exceptional multi-family opportunity!

LAST UPDATED 2/27/2025 YEAR BUILT 1920
COMMUNITY Knox County - 1 COUNTY Knox County - 1
STATUS Active PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA Knox County - 1
CONSTRUCTION Block, Frame
HEAT Central, Electric, Natural Gas
LOT DIMENSIONS 120x185
PARKING Off Street, On Street
TAXES 15580.32

SATELLITE VIEW



 
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Listed with Capstone Realty Group

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