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About This Home
This 4-bedroom, 0-bathroom residential multi family at 3206 E Magnolia Ave in Knoxville, TN is listed for $275,000. Built in 1948, on a N/A lot.
This versatile 4-plex represents a premier investment opportunity situated in a high-demand rental pocket. Tenants will love the convenience and walkability of this prime location, ensuring steady demand and consistent monthly cash flow. With four distinct units generating separate income streams, this property significantly mitigates vacancy risk while serving as an incredible wealth-building asset from day one.
What truly sets this property apart is its rare commercial zoning, offering an unmatched level of versatility and long-term equity upside. Investors can comfortably collect traditional residential rent today while holding a highly valuable piece of commercial land for tomorrow.
Whether you are looking to expand your portfolio with immediate cash flow, execute a strategic ''house-hack,'' or bank on future land appreciation, this property delivers the ultimate real estate trifecta. Opportunities that seamlessly blend residential income with commercial development potential do not stay on the market long. Contact us today to schedule your private tour.
Key Features
- Built in 1948
Property Details
Amenities
Monthly Cost Estimate
$1,471/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3206 E Magnolia Ave
Knoxville, TN 37914
Lake Park Spgs Add
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 0-bathroom residential multi family at 3206 E Magnolia Ave is listed at $275,000. The estimated monthly payment is $1,192 based on 20% down at 6.5% interest.
Key features include: Built in 1948.
This property is listed by Carl Young and can be reached at 8652811321 or carl@ymgproperties.com.
