416 West Outer Drive

Oak Ridge, TN 37830

$375,000
Price
Beds
3,216 Sq. Ft.
$117 / Sq. Ft.
3,216
Sq. Ft.
$117
per Sq. Ft.

Description

Attention investors! Check out this great fully rented triplex with long-term tenants! Income producing right out of the gate. 2 one bedroom units and 1 3 bed/2 bath unit. Convenient to all of the new retail in Oak Ridge, as well as Knoxville via Pellissippi Parkway. Buyer to verify all information.Attention investors! Check out this great fully rented triplex with long-term tenants! Income producing right out of the gate. 2 one bedroom units and 1 3 bed/2 bath unit. Convenient to all of the new retail in Oak Ridge, as well as Knoxville via Pellissippi Parkway. Buyer to verify all information.
  1. Listed by Jon Engle • Realty Executives Associates

Amenities

  • Air Conditioning
  • Parking Included
  • Private Outdoor Space

Location

Listing Courtesy of Realty Executives Associates, Jon Engle
Add your commute
LISTING UPDATED: 04/13/2024 08:12 AM

Property Details for 416 West Outer Drive

StatusActive
MLS #1249359
Days on Market106
Taxes$3,936 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1943
Lot Size0.44 AC / 19,166 SF
CountyAnderson County

Location

Listing Courtesy of Realty Executives Associates, Jon Engle
Add your commute

Building Information for 416 West Outer Drive

Stories-Residences3Year Built1943Building Size-Lot Size0.44 AC / 19,166 SF

Payment Calculator

$2,375 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,047

Property Taxes

$328

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 416 West Outer Drive

Summary
Location and General Information
  • City: Oak Ridge
  • County Or Parish: Anderson County - 30
  • Directions: GPS accurate Pellissippi Parkway turns into Illinois Ave, cross the Oak Ridge turnpike and turn right onto W Outer. Property on the left.
  • Latitude: 36.024581
  • Longitude: -84.268414
  • MLS Area Major: Anderson County - 30
  • MLS Area Minor: Anderson County - 30
  • Postal Code: 37830
  • State Or Province: TN
  • Location Tax Legal Info Area: Anderson County - 30
  • Remarks Misc Directions: GPS accurate Pellissippi Parkway turns into Illinois Ave, cross the Oak Ridge turnpike and turn right onto W Outer. Property on the left.
Parking
  • Attached Garage: No
  • Parking Features: On Premise Parking, Off-Street Parking
  • General Property Description Driveway: Off Street Parking
  • Garage Parking Off-Street Parking: True
  • Garage Parking On Premise Parking: True
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 099C A 037.00
  • Owner Expenses Taxes: True
  • Location Tax Legal Info Total Tax: 3935.87
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Area: 19166.0
  • Lot Size Units: Square Feet
  • Lot Size Square Feet: 19166.0
  • Year Built: 1943
  • Building Area Total: 3216.0
  • Living Area Source: Tax Records
  • Lot Size Acres: 0.44
  • Lot Size Dimensions: 0.44
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Lot Dimensions: 0.44
  • General Property Description Lot Size SqFt: 19166.0
Property and Assessments
  • Possession: At Closing
  • Property Type Label: Multi-Family
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Possession At Closing: True
Utilities
  • General Property Description UtilitiesMo Avg: 1000.0
  • Fuel Electric: True
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch - Covered, Balcony
  • Construction Materials: Brick
  • Siding Brick: True
  • Exterior Features Balcony: True
  • Exterior Features Porch - Covered: True
Interior Features
  • Bathrooms Total Integer: 0
  • Cooling Details: Yes
  • Kitchen Appliances: Refrigerator
  • Flooring: Carpet, Tile
  • Heating: Yes
  • Cooling Central Cooling: True
  • Cooling Wall Cooling: True
  • Floors Carpet: True
  • Floors Tile: True
  • Heat Central: True
  • Appliances Range: True
  • Appliances Refrigerator: True
  • Other Rooms Other: True
  • Roof Asphalt: True
Multi Family
Income & Expenses Information
  • Gross Income: $28,500.00
Multi-Family Information
  • Number Of Units Total: 3
  • Type of Units 1 Bedroom Unit: True
  • Type of Units 3 or more Bdrm Units: True
  • Income Expenses Gross Annual Income: 28500.0
Unit 1
  • Unit 1 Unit Number: 414
  • Unit 1 Beds Total: 3
  • Unit 1 Rent: 1100
  • Unit 1 Lease: Yes
Unit 2
  • Unit 2 Unit Number: 416
  • Unit 2 Beds Total: 1
  • Unit 2 Rent: 625
  • Unit 2 Lease: Yes
Unit 3
  • Unit 3 Unit Number: 418
  • Unit 3 Beds Total: 1
  • Unit 3 Rent: 650
  • Unit 3 Lease: Yes
Rental
Rent Information
  • General Property Description Number of Units Leased: 3.0
  • Tenant Expenses Cooling: Central Cooling,Wall Cooling
  • Tenant Expenses Heating: Central,Electric
  • Tenant Expenses Tenant Pays All Utilities: True

Property History for 416 West Outer Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 416 West Outer Drive

Taxable ValueLand$11,600Additions$70,920Total$82,520
Home Facts
Total Finished SqFt4,824 SqFtAbove Grade Finished SqFt3,216 SqFtFinished Basement SqFt1,608 SqFtStories1Lot Size19,166 SqFtStyleDuplexYear Built1943Year Renovated1995CountyANDERSONAPN001099C A 03700

Schools near 416 West Outer Drive

This home is within Oak Ridge School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Willow Brook Elementary School
PublicK to 4

Robertsville Middle School
Public5 to 8

Oak Ridge High School
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.

Similar Homes

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416 West Outer Drive is a multi-family home for sale in Oak Ridge, TN 37830. This property was listed for sale on January 5, 2024 by Realty Executives Associates, it's currently listed at $375,000. It has been on the market for a total of 106 days and was last sold on May 26, 2022. This listing's school district is Oak Ridge School District. Nearby schools include Willow Brook Elementary School, Robertsville Middle School and Oak Ridge High School. 416 West Outer Drive is a 0-bed, 0-bath, 3,216 sqft multi-family home built in 1943.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Executives Associates, Jon Engle

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 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 04/13/2024 08:12 AM