116 Viking Rd, Oak Ridge, TN 37830
(MLS # 1252013)
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Incredible INVESTMENT OPPORTUNITY in Oak Ridge - 12 Unit Apartment Complex! *MOTIVATED SELLER* Welcome to this prime investment opportunity in the heart of Oak Ridge, Tennessee! This 12-unit apartment complex presents a unique blend of modern luxury and promising potential. Property Features: 4 Fully Renovated Units: Everything is NEW top to bottom. Unit upgrades include HVAC, plumbing, electrical, appliances, washer and dryer in each unit, windows, sheet rock, lighting, flooring, and more. These units are metered separately and each unit has been fitted with fire suppression heat detected sprinkler systems, hard wired smoke alarms and fire alarms. These are sure to be maintenance free for many years. 8 Partially Renovated Units with New Framing that is framed in with all rooms including laundry rooms in each unit, windows, Siding, Roofs, water supply lines ready for plumbing, and for fire suppression installation, temporary power pole set up for both buildings : The remaining 8 units boast brand new structural enhancements, ensuring longevity and low maintenance costs. Future tenants will enjoy the benefits of upgraded exteriors and improved energy efficiency. Buildings are situated on over 2 acres of beautiful level land for tenant and owner enjoyment, or potential expansion! Conveniently situated in the heart of Oak Ridge, the complex is within close proximity to schools, parks, shopping centers, and major transportation routes, making it an attractive choice for potential tenants. Thriving Rental Market: Oak Ridge's established rental market which is continuing to grow exponentially makes this property a sound investment choice, providing a steady income stream for the discerning investor. All three buildings are separately parceled. Parcel #s: 108-114 is #099E F 011.00, 116-122 is #099E F 012.00, 124- 130 is #099E F 013.00 The owners are motivated to sell, offering an opportunity for investors who are capable. Act now to secure this valuable asset by contacting me today! Don't let this opportunity pass you by! Buyers responsibility to verify all information is correct. Owner agent.
| LAST UPDATED | 4/19/2024 | YEAR BUILT | 1943 |
|---|---|---|---|
| COMMUNITY | Anderson County - 30 | COUNTY | Anderson County - 30 |
| STATUS | Sold | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Oven, Refrigerator, Self Cleaning Oven, Washer |
| AREA | Anderson County - 30 |
| CONSTRUCTION | Block, Brick, Frame, Vinyl Siding |
| HEAT | Central, Electric |
| LOT DIMENSIONS | 118x248x150x302 |
| PARKING | Off Street, On Street |
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