ONLINE REAL ESTATE AUCTION: Income Producing Four-Plex in West Knoxville Just Off Kingston Pike near Lovell Rd in Knoxville

ONLINE REAL ESTATE AUCTION: Income Producing Four-Plex in West Knoxville Just Off Kingston Pike near Lovell Rd in Knoxville, TN

LOCATION
📍10408 Victoria Drive, Knoxville, TN 37922

📅 AUCTION DATES
Bidding Opens: August 6
Starts to Close: August 20 @ 2pm

🔍 OPEN HOUSE
August 17 @10am-3pm

💰 PAYMENT DETAILS
10% Buyer’s Premium

Property being auctioned in conjunction with Robin Beebe, United Real Estate Solutions.

Take advantage of this opportunity to acquire a well-maintained four-unit multifamily property in one of West Knoxville’s most desirable locations! This approximately 4,588± square foot, two-story four-plex offers immediate income potential!

Each of the four units contains approximately 1,150± square feet (per tax records) and features a functional floor plan with 2 bedrooms, 1.5 bathrooms, and a private patio. Two units are currently leased, providing established rental income, while two units are vacant and ready for occupancy. Two of the units have been recently upgraded to include LVP flooring in living area, kitchen and downstairs half bath, new carpet on stairs and in bedrooms, updated bathroom vanities and new decks.

The property offers front parking for residents and guests and is ideally situated in a highly sought-after West Knoxville location. It is zoned for the highly regarded Farragut and Hardin Valley school districts and is just minutes from Turkey Creek, Costco, Fort Sanders West, shopping, dining, medical facilities, and convenient access to I-40/I-75.

Whether you’re looking to expand your investment portfolio, complete a value-add strategy, or secure a quality income-producing asset in a high-demand rental market, this four-plex presents an exceptional opportunity.

Each Unit is covered for 1 year under Choice Home Warranty – Ultimate

PROPERTY DOCUMENTS

ONLINE BIDDING
Plan to create your account and/or sign in to hibid.com well before the auction start time to ensure your bidding access. To avoid any internet lags, we suggest you place your maximum bid and allow the computer to bid for you. Furrow Auction Company is NOT responsible for any computer issues or malfunctions.

🔗 REGISTERING TO BID
🔗 BUYING REAL ESTATE AT AUCTION

UTILITY PROVIDERS
Electric: LCUB
Water: First Utility District
Sewer: First Utility District
Gas: N/A

REAL ESTATE TAXES
Knox County: $2,472.72

ZONING
PR: Planned Residential District (Knox County)

SCHOOLS
Farragut Elementary
Farragut Intermediate
Hardin Valley Middle
Hardin Valley High

All Bidders and other persons participating in this sale agree that they have read and have full knowledge of the auction terms and conditions and agree to be bound thereby.

The winning bidder will deposit 10% of the purchase price (including Buyers Premium) DUE SALE DAY immediately at the conclusion of auction in the form of Wire, cashier’s check, personal or company check, plus a real estate sales contract must be signed. Balance is due in certified funds at closing. CLOSING MUST OCCUR WITHIN 30 DAYS, NO EXTENSIONS.