Sold
Last Sold Price
13,000 sqft$62/sqft
4800 Scheel Rd, Knoxville, TN 37912
Multi FamilyProperty Type
0.74 acresLot Size
1965Year Built
$62/sq ftPrice per sq ft

Description

Nice North Knox 13 Unit Condo Complex - 2 Bedroom & 1.5 Bath Townhouses - New Roof in 2010. Well maintained with recent window replacements, new rear siding, and pex plumbing replacement in the crawlspace. These spacious units feature excellent amenities including stoves, refrigerators, dishwashers central HVAC, washer/dryer hookups & rear yard access. Already established as 13 condos, this complex enjoys a terrific north Knox/Inskip location with easy access to bus lines, I-40, I-75, downtown Knoxville...Nice North Knox 13 Unit Condo Complex - 2 Bedroom & 1.5 Bath Townhouses - New Roof in 2010. Well maintained with recent window replacements, new rear siding, and pex plumbing replacement in the crawlspace. These spacious units feature excellent amenities including stoves, refrigerators, dishwashers central HVAC, washer/dryer hookups & rear yard access. Already established as 13 condos, this complex enjoys a terrific north Knox/Inskip location with easy access to bus lines, I-40, I-75, downtown Knoxville & the University of TN. As an added landlord benefit, residents pay ALL utilities including water/sewer. Unlike a typical apartment investment, the next owner here has excellent future options; keep as a rental or decide to sell as individual condo units. Square footage is from tax
  • Listed by: Investment Specialist, Solange Velas • Goldman Partners Realty, LLC
Listing closed: 08/27/2019 12:00 AM • Source: KAARMLS, MLS#: 1082735

Recent comparable sales

Median sold price

$499,000

Avg days on market

56

Sale-to-list ratio

91.3%

Knoxville, TN

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Location

Listing Courtesy of Goldman Partners Realty, LLC, Investment Specialist, Solange Velas

Sold By Coldwell Banker Commercial Wallace, Chris Bruce (865.309.2100)

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Principal and Interest

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Property Taxes

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Property Information for 4800 Scheel Road

Property Details
  • Taxes: $11,944 / year
  • MLS Type: Multi-Family
  • County: Knox County
  • Sub division Name: Inskip Place Condominiums
Building Information
  • Residences: 13
  • Year Built: 1965
  • Lot Size: 0.74 AC / 32,234 SF
Summary
Location and General Information
  • City: Knoxville
  • County Or Parish: Knox County - 1
  • Directions: I-75 North to Right onto Merchants Dr. Turn Right at Rowan, Left at Inskip and Left at Scheel. Property is immediately on the Right, at the NE corner of Scheel & Inskip. No sign.
  • Latitude: 36.013178
  • Longitude: -83.959339
  • MLS Area Major: Knox County - 1
  • MLS Area Minor: Knox County - 1
  • Postal Code: 37912
  • State Or Province: TN
  • Location Tax Legal Info Area: Knox County - 1
  • Remarks Misc Directions: I-75 North to Right onto Merchants Dr. Turn Right at Rowan, Left at Inskip and Left at Scheel. Property is immediately on the Right, at the NE corner of Scheel & Inskip. No sign.
Parking
  • General Property Description Driveway: Paved
  • Garage Parking On Premise Parking: True
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 069hc02200a
  • Owner Expenses Taxes: True
  • Location Tax Legal Info Total Tax: 11943.75
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Area: 32400.0
  • Lot Size Units: Square Feet
  • Lot Size Square Feet: 32400.0
  • Year Built: 1965
  • Building Area Total: 13000.0
  • Living Area Source: Tax Records
  • Lot Size Acres: 0.74
  • Lot Size Dimensions: 225 x 144 x IRR
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Lot Dimensions: 225 x 144 x IRR
  • General Property Description Lot Size SqFt: 32400.0
Property and Assessments
  • Possession: At Closing
  • Sign On Property: No
  • Property Type Label: Multi-Family
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Possession At Closing: True
Utilities
  • General Property Description UtilitiesMo Avg: 30.0
  • Fuel Electric: True
  • Miscellaneous WasherDryer Cnctns: True
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Siding Brick: True
Interior Features
  • Bathrooms Total Integer: 0
  • Kitchen Appliances: Dishwasher, Refrigerator
  • Flooring: Vinyl, Carpet
  • Heating: Yes
  • Cooling Central Cooling: True
  • Floors Carpet: True
  • Floors Vinyl: True
  • Heat Ceiling: True
  • Appliances Dishwasher: True
  • Appliances Range: True
  • Appliances Refrigerator: True
  • Other Rooms Other: True
  • Roof Roof Info: Asphalt Shingle
  • Misc Features WasherDryer Connect: True
Multi Family
Income & Expenses Information
  • Gross Income: $104,160.00
  • Net Operating Income: $62,831.00
  • OperatingExpense: $36,121.00
Multi-Family Information
  • Number Of Units Total: 13
  • Type of Units 2 Bedroom Unit: True
  • Type of Units Townhouse: True
  • Type of Units Unfurnished: True
  • Income Expenses Gross Annual Income: 104160.0
  • Income Expenses Annual Oper Expenses: 36121.0
Unit 1
  • Unit 1 Unit Number: 13 Units
  • Unit 1 Beds Total: 2
  • Unit 1 Rent: $600-$725
  • Unit 1 Squarefeet: 1000.0
  • Unit 1 Furnished: Unfurnished
Rental
Rent Information
  • General Property Description Number of Units Leased: 13.0
  • General Property Description Restrictions: Yes
  • General Property Description Lease Information: 13 - 2BR+1.5 bath $600-$725
  • Tenant Expenses Heating: Ceiling
  • Tenant Expenses Tenant Pays All Utilities: True

Property History for 4800 Scheel Road

DateEvent & SourcePriceAppreciation
Aug 27, 2019

Closed

KAARMLS #1082735

$810,000
Jun 11, 2019

Contract - Not Showing

KAARMLS #1082735

Jun 4, 2019

Listed (Active)

KAARMLS #1082735

$850,000
DateEvent & SourcePrice
08/27/2019

Closed

KAARMLS #1082735

$810,000
06/11/2019

Contract - Not Showing

KAARMLS #1082735

06/04/2019

Listed (Active)

KAARMLS #1082735

$850,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 4800 Scheel Road

Taxable ValueLand-Additions-Total-
Home Facts
Total Finished SqFt7,030 SqFtAbove Grade Finished SqFt7,030 SqFtStories1Lot Size32,415 SqFtStyleMiscellaneous CommercialYear Built1982CountyKNOXAPN069HC022

Schools near 4800 Scheel Road

This home is within Knox County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Inskip Elementary School
PublicPK to 5

Gresham Middle School
Public6 to 8

Central High School
Public9 to 12

Dr. Paul L Kelly Volunteer Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Goldman Partners Realty, LLC, Investment Specialist, Solange Velas

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 10/06/2021 05:10 AM