3014 Forestdale Ave
3014 Forestdale Ave, Knoxville, TN 37917
$3,650,000
MLS# 1342047
Listing courtesy of SVN I Wood Properties · Ford Collier
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About this property
SVN | Wood Properties is proud to present 3014 Forestdale Ave — a beautifully updated 32 unit multifamily property in North Knoxville, just minutes from downtown. This well-maintained building features modern one-bedroom, one-bath units. Each unit currently rents for $980 per month on average, with market rent potential of $1,150, offering immediate upside for investors. Recent renovations and included utilities — water, landscaping, and waste service — make for easy ownership and strong tenant appeal. Included with the property is a vacant building that could be turned into an onsite laundry room, or a 33rd unit for additional income. This property also includes .75 acres (+/-) in the rear part of the property that could be used to build additional units, parceled and sold off, or used to create amenity space. With its prime location, solid in-place income, and room to grow rents, this property stands out as a turnkey investment opportunity in one of Knoxville's steadily growing neighborhoods — a true plus for any multifamily portfolio. This property is part of a 129 Unit portfolio that can be purchased together. For full financial documents please visit https://svnwood.com/inventory/?propertyId=1576427-sale
MLS #1342047 · East Tennessee REALTORS® MLS
Property facts
- Status
- Active
- Property type
- Multi-Family
- Bedrooms
- —
- Bathrooms
- 0
- Living area
- —
- Lot size
- —
- Year built
- 1,970
- County
- Knox County - 1
- Price / sq ft
- —
- Days on market
- 145
- MLS number
- 1342047
- Listing office
- SVN I Wood Properties
Features
- On Premise Parking
Location
3014 Forestdale Ave, Knoxville, TN, 37917
Listing data courtesy of East Tennessee REALTORS® MLS
Listing content is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Spring Mountain Realty PLLC. All measurements, acreage, room counts, and permitted uses are approximate and should be independently verified by the buyer.
Properties marketed by brokerages other than Spring Mountain Realty PLLC are identified with the listing office name. Listings that a seller has excluded from internet display are not shown, and addresses are withheld where the seller has requested it.
Spring Mountain Realty PLLC is an Equal Housing Opportunity brokerage. We do not provide guidance on schools, demographics, or the composition of any area. Buyers are encouraged to research those subjects using independent public sources.
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