Investment Grade Multi-Property
Auction
Throughout Knoxville
4 Being Sold as Absolute & 6 Being Sold at Reserve
Knoxville, TN
Saturday,
May 5th, 2012 - 10:30 AM
OPEN HOUSE DATE AND TIMES:
THURSDAY, MAY 3RD, 2012
Whittle Springs and Biddle
Properties:
10:00AM - 11:30AM
3105 E. Fifth Ave and 1823 E.
Glenwood Properties: 12:00PM- 1:30PM
3134 E. Fifth Ave and 2507 E.
Glenwood Properties: 2:00PM - 3:00PM
All Other Properties: 10:00AM -
3:00PM
Property 1 – 10:30 A.M. Absolute Auction
Open House: Thursday, May
3rd - 12:00PM - 1:30PM
1823 E Glenwood Ave
Knoxville, TN
·
1,140 Square Feet
· Year
Built 1910
· Lot
Dimensions 50 X 140
·
Occupied since September 2011 - Current Tenant pays $500/Month
Zoning: R-1A Low Density
Residential District
Utilities: Electric / Water / Sewer
/ Natural
Gas
Estimated Real Estate Taxes:
City - $223.86
County - $214.76
Total = $438.62
School Zoning:
Elementary - Christenberry Elementary
Middle – Vine Middle School
High - Austin-East High School
Directions: From Market Square in Downtown Knoxville head
northeast on Union Ave and turn Left onto Gay Street. Travel 0.2 miles and turn
Right onto W Summit Hill Drive and travel 0.3 miles. Turn Left onto Hall of
Fame Drive SE and travel 0.4 miles. Turn Right onto E Magnolia Ave and travel
0.4 miles. Turn Left onto Winona St NE and travel 0.5 miles. Turn Right onto
E. Glenwood Ave and travel 0.2 miles to property on your Left.
Property 2 – 11:00 A.M. Absolute Auction
Open House: Thursday, May 3rd - 2:00PM - 3:00PM
2507 E Glenwood Ave
Knoxville, TN
· 904 Square
Feet
· Year
Built 1930
· Lot
Dimensions 44.66 X 125.5 X IRR
· 2
Bedroom 1 Bath
·
Occupied since February 2012 - Current Tenant pays $700/Month
Zoning: R-1A Low Density
Residential District
Utilities: Electric / Water / Sewer
/ Natural
Gas
Estimated Real Estate Taxes:
City - $193.11
County - $185.26
Total = $378.37
School Zoning:
Elementary - Christenberry Elementary
Middle – Vine Middle School
High - Austin-East High School
Directions: From Market Square in Downtown Knoxville head
northeast on Union Ave and turn Left onto Gay Street. Travel 0.2 miles and turn
Right onto W Summit Hill Drive and travel 0.3 miles. Turn Left onto Hall of
Fame Drive SE and travel 0.4 miles. Turn Right onto E Magnolia Ave and travel
0.4 miles. Turn Left onto Spruce St. and travel 0.3 miles. Turn Right onto
E. Glenwood Ave and travel 0.2 miles to property on your Left.
Property 3 – 11:30 A.M. Reserve Auction
Open House: Thursday, May 3rd - 10:00AM -
11:30AM
927-929 Biddle Street
Knoxville, TN
· 1,662 Square
Feet
· Year
Built 1966
· Lot
Dimensions 86.79 X 194.98 X IRR
· 4
Bedrooms, 2 Baths
· 927
Biddle Street - Occupied since February 2006 - Current Tenant pays
$442/Month
· 929
Biddle Street - Occupied since October 2010 - Current Tenant pays
$500/Month
Zoning: R-1 Low Density
Residential
Utilities: Electric / Water / Sewer
/ Natural
Gas is available but not connected
Estimated Real Estate Taxes:
City - $547.10
County - $524.86
Total = $1,071.96
School Zoning:
Elementary - Sarah Moore Green Elementary
Middle – Vine Middle School
High - Austin-East High School
Directions: From Market Square in Downtown Knoxville head
northeast on Union Ave and turn Left onto Gay Street and travel 0.2 miles.
Turn
Right onto W Summit Hill Drive and travel 0.8 miles. W. Summit Hill Drive
then becomes Dandridge Ave. Continue on Dandridge Ave. for 0.8 miles.
Turn Slight Left onto Brooks Ave. Travel 0.4 miles and turn Left onto
Biddle Street and travel 0.3 miles to the property on your Left.
Property 4 – 12:00 P.M. Reserve Auction
Open House: Thursday, May 3rd - 2:00PM - 3:00PM
**3134 E. Fifth Ave. Property**
Open House: Thursday, May 3rd - 10:00AM -
3:00PM
**3132 E. Fifth Ave. Property**
3132-3134 E. Fifth Ave
Knoxville, TN
· 3,374 Square
Feet
· Year
Built 1920
· Lot
Dimensions 50 X 150
· 8
Bedrooms, 2 Full Baths, 2 Half Baths
· 2
Stories
· 3132 E.
Fifth Ave. - Currently Vacant - Was previously being leased for
$700/Month
· 3134 E.
Fifth Ave. - Occupied since August 2008 - Current Tenant pays $700/Month
Zoning: R-2 General
Residential District
Utilities: Electric / Water / Sewer
/ Natural
Gas
Estimated Real Estate Taxes:
City - $773.42
County - $741.98
Total = $1,515.40
School Zoning:
Elementary - Sarah Moore Green Elementary
Middle – Vine Middle School
High - Austin-East High School
Directions: From Market Square in Downtown Knoxville head
northeast on Union Ave and turn Left onto Gay Street. Travel 0.2 miles and turn
Right onto W Summit Hill Drive and travel 0.3 miles. Turn Left onto Hall of
Fame Drive SE and travel 0.4 miles. Turn Right onto E Magnolia Ave and travel
2.2 miles. Turn Left onto Castle St and travel 0.1 miles. Turn Right onto
E. Fifth Ave and arrive at property on your Right.
Property 5 – 12:30 P.M. Reserve Auction
Open House: Thursday, May 3rd - 12:00PM -
1:30PM
3105 E. Fifth Ave.
Knoxville, TN
· 1,755 Square
Feet
· Year
Built 1910
· Lot
Dimensions 50 X 150
· 3
Bedrooms, 2 Bath
· 1.5
Stories
·
Occupied since March 2012 - Current Tenant pays $714/Month
Zoning: R-2 General
Residential District
Utilities: Electric / Water / Sewer
/ Natural
Gas
Estimated Real Estate Taxes:
City - $318.57
County - $305.62
Total = $624.19
School Zoning:
Elementary - Sarah Moore Green Elementary
Middle – Vine Middle School
High - Austin-East High School
Directions: From Market Square in Downtown Knoxville head
northeast on Union Ave and turn Left onto Gay Street. Travel 0.2 miles and turn
Right onto W Summit Hill Drive and travel 0.3 miles. Turn Left onto Hall of
Fame Drive SE and travel 0.4 miles. Turn Right onto E Magnolia Ave and travel
2.2 miles. Turn Left onto N. Castle Street and travel 0.1 miles. Turn Right onto
E. Fifth Ave and arrive at property on your Left.
Property 6 – 1:00 P.M. Reserve Auction
Open House: Thursday, May 3rd - 10:00AM -
11:30AM
3207 Whittle Springs Road
Knoxville, TN
· 1,436 Square
Feet
· Year
Built 1970
· Lot
Dimensions 112.5 X 201 X IRR
· 3
Bedrooms, 1 Bath
·
Occupied since April 2005 - Current Tenant pays $600/Month
Zoning: R-1 Low Density
Residential District / IH-1 Infill Housing Overlay District
Utilities: Electric / Water / Sewer
/ Natural
Gas
Estimated Real Estate Taxes:
City - $422.51
County - $405.33
Total = $827.84
School Zoning:
Elementary - Spring Hill Elementary
Middle – Whittle Springs Middle School
High - Fulton High School
Directions: From Market Square in Downtown Knoxville head
northeast on Union Ave and turn Left onto Gay Street. Travel 0.2 miles and turn
Right onto W Summit Hill Drive and travel 0.3 miles. Turn Left onto Hall of
Fame Drive SE and travel 1.4 miles. Turn Right onto N. Broadway and travel
0.6 miles and turn Right onto Washington Pike NE and travel 0.7 miles.
Turn Left onto Whittle Springs Road and travel 0.4 miles to property on
your Left.
Property 7 – 1:30 P.M. Reserve Auction
Open House: Thursday, May 3rd - 10:00AM -
3:00PM
1105 Chickamauga Avenue
Knoxville, TN
· 2,698 Square
Feet
· Year
Built 1899
· Lot
Dimensions 100 X 160
· 4
Bedrooms, 3 Baths
· 2
Stories
·
Unit 1 - Currently Vacant - Was previously being leased for $700/Month
Unit 2 - Currently Vacant - Was previously being leased for $350/Month
Unit 3 - Currently Vacant - Was previously being leased for $250/Month
Zoning: R-1 Low Density
Residential District / IH-1 Infill Housing Overlay District
Utilities: Electric / Water / Sewer
/ Natural
Gas
Estimated Real Estate Taxes:
City - $944.64
County - $906.24
Total = $1,850.88
School Zoning:
Elementary - Spring Hill Elementary
Middle – Whittle Springs Middle School
High - Fulton High School
Directions: From Market Square in Downtown Knoxville head
northeast on Union Ave and turn Left onto Gay Street. Travel 0.2 miles and turn
Right onto W Summit Hill Drive and travel 0.3 miles. Turn Left onto Hall of
Fame Drive SE and travel 1.4 miles. Turn Right onto N. Broadway and travel
1.0 miles and turn Left onto Chickamauga Ave. Travel 0.2 miles to the
property on your Right.
Property 8 – 2:00 P.M. Reserve Auction
Open House: Thursday, May 3rd - 10:00AM -
3:00PM
950 Chickamauga Avenue
Knoxville, TN
· 1,992 Square
Feet
· Year
Built 1920
· Lot
Dimensions 50 X 162
· 3
Bedrooms, 2 Baths
· 1.5
Stories
·
Currently Vacant - Was previously being leased for $500/Month
Zoning: R-2 General
Residential District / IH-1 Infill Housing Overlay District
Utilities: Electric / Water / Sewer
/ Natural
Gas
Estimated Real Estate Taxes:
City - $396.68
County - $380.55
Total = $777.23
School Zoning:
Elementary - Spring Hill Elementary
Middle – Whittle Springs Middle School
High - Fulton High School
Directions: From Market Square in Downtown Knoxville head
northeast on Union Ave and turn Left onto Gay Street. Travel 0.2 miles and turn
Right onto W Summit Hill Drive and travel 0.3 miles. Turn Left onto Hall of
Fame Drive SE and travel 1.4 miles. Turn Right onto N. Broadway and travel
1.0 miles and turn Left onto Chickamauga Ave. Travel 0.2 miles to the
property on your Right.
Property 9 – 2:30 P.M. Absolute Auction
Open House: Thursday, May 3rd - 10:00AM -
3:00PM
541 Cedar Ave
Knoxville, TN
· 1,077 Square
Feet
· Year
Built 1899
· Lot
Dimensions 50 X 135
· 2
Bedrooms, 1 Bath
·
Currently Vacant - Was previously being leased for $500/Month
Zoning: R-2 General
Residential District / IH-1 Infill Housing Overlay District
Utilities: Electric / Water / Sewer
/ Natural
Gas
Estimated Real Estate Taxes:
City - $268.76
County - $257.83
Total = $526.59
School Zoning:
Elementary - Christenberry Elementary
Middle – Vine Middle School
High - Austin-East High School
Directions: From Market Square in Downtown Knoxville head
northeast on Union Ave and turn Left onto Gay Street. Travel 0.2 miles and turn
Right onto W Summit Hill Drive and travel 0.3 miles. Turn Left onto Hall of
Fame Drive SE and travel 1.4 miles. Turn Right onto N. Broadway and travel
1.0 miles. Turn Left onto Atlantic Ave. and travel 0.6 miles. turn Right
onto Pershing Street and travel 0.1 miles. Take your second Left onto
Cedar Ave. and travel 0.1 miles to the property on your Right.
Property 10 – 3:00 P.M. Absolute Auction
Open House: Thursday, May 3rd - 10:00AM -
3:00PM
3108 Galbraith Street
Knoxville, TN
· 766 Square
Feet
· Year
Built 1940
· Lot
Dimensions 50 X 140
· 2
Bedroom, 1 Bath
·
Currently Vacant - Was previously being leased for $500/Month
Zoning: R-1A Low Density
Residential District / IH-1 Infill Housing Overlay District
Utilities: Electric / Water / Sewer
/ Natural
Gas is available but not connected
Estimated Real Estate Taxes:
City - $223.86
County - $214.76
Total = $438.62
School Zoning:
Elementary - Lonsdale Elementary
Middle – Northwest Middle School
High - Central High School
Directions: From Market Square in Downtown Knoxville head
northeast on Union Ave and turn Left onto Gay Street and take your first Right
onto W. Clinch Ave. and travel 0.3 miles. Turn Right onto Henley Street
SW and merge onto I-275 N. toward Lexington. Travel 2.5 miles and take
Exit 2 for Heiskell Ave. and turn Left onto Heiskell Ave. Travel 0.4
miles and turn Left onto Galbraith Street and travel 0.1 miles to the
property on your Left.
Terms:
10% Buyer's Premium - Successful bidders
will deposit 10% of the purchase price (including Buyer's Premium) on
sale day in the form of cash, certified check or wire, personal or
company check, plus a real estate contract must be signed. Balance is
due in certified funds at closing. CLOSING MUST TAKE PLACE WITHIN 20
DAYS. LAST POSSIBLE CLOSING DATE IS BY END OF DAY ON
FRIDAY, MAY 25, 2012. NO EXTENSIONS AVAILABLE. Sale day announcements
control terms of auction. Acreage and square footage believed to be
accurate, but not guaranteed.
Have a Question about this Auction?
Click
here
to send e-mail directly to a Furrow Representative.
**All Square Footage and
Acreage amounts are believed to be accurate but not guaranteed.
All information was obtained from appraisals and local courthouse
records.**
Homes built before 1978 may contain lead-based paint. |
