Knoxville, TN 37912,1203 Fair DR
Knoxville, TN 37912,1203 Fair DR
Knoxville, TN 37912,1203 Fair DR
Knoxville, TN 37912,1203 Fair DR
Knoxville, TN 37912,1203 Fair DR
Knoxville, TN 37912,1203 Fair DR
Mark Harrington
Mark Harrington

REALTOR® | Lic# 339169

+1(865) 409-1369

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$ 447,500

$ 450,000 0.6%

Est. payment | /mo

2,250 SqFt


$ 447,500

$ 450,000 0.6%

Est. payment | /mo

2,250 SqFt

Key Details

Sold Price $447,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,250 sqft

Price per Sqft $198

Subdivision Wassmans Add

MLS Listing ID 1305986

Sold Date 07/11/25

Year Built 1968

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 101x149xIRR

Source East Tennessee REALTORS® MLS

Property Description

Fully renovated in 2023, this turn-key four-plex features four 1-bedroom, 1-bathroom units—each currently rented at $995/month with significant upside potential. Market rents in the area support $1,100-$1,200/month, offering a 10-20% lift for the next investor.

Major upgrades include a new roof, energy-efficient windows, and full bathroom remodels in all units. Kitchens have been refreshed with new countertops, and two of the four units feature updated ranges. Each unit is equipped with a refrigerator and range.

Additional improvements include:

Fresh paint throughout all interiors
All-new flooring in both downstairs units, with updated kitchen flooring in the upstairs units
Two new HVAC wall units installed in the lower units, along with upgraded electrical
New stair landing and exterior railings for added safety and curb appeal
With all units move-in ready and below-market rents, this is an excellent opportunity for immediate cash flow and long-term appreciation. Schedule a showing today and add this stabilized asset to your portfolio

Location

State TN

County Knox County - 1

Area 14985.0

Rooms

Other Rooms Other

Interior

Heating Other, Electric

Cooling Window Unit(s)

Flooring Vinyl

Appliance Range, Refrigerator

Heat Source Other, Electric

Exterior

Parking Features Off-Street Parking

Garage Description Off-Street Parking

Roof Type Shingle

Garage No

Building

Faces SW on Broadway, left onto N Central st then continue on Bruhin Rd. Merge onto Inskip Dr, turn left onto Fair Dr.

Structure Type Fiber Cement,Brick

Others

Restrictions No

Tax ID 069AD014

Energy Description Electric

Acceptable Financing VA Loan, FHA, Cash, Conventional

Listing Terms VA Loan, FHA, Cash, Conventional

Listed by Realty Executives Associates

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agent
Mark Harrington

REALTOR® | Lic# 339169

+1(865) 409-1369

3401 Mallory Lane # 100, Franklin, TN, 37067

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1203 Fair DR