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

Note: Pre-auction offers will be considered. Contact Chuck Fisher (865) 310-3204.

There is a Buyer’s Agent Commission of 2% being offered for a sales contract – under the same terms and conditions as the auction – accepted by the owner and closing prior to the scheduled auction date of August 20, 2026.

No Buyer’s Agent Commission being offered at auction.

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

After years of ownership, the owner has decided to retire and is offering this exceptional West Knoxville income-producing property at auction. Take advantage of this rare opportunity to acquire a well-maintained four-unit multifamily property in West Knoxville/Farragut area. This approximately 4,588± square foot, two-story four-plex offers immediate income potential!

Each unit is approximately 1,150± square feet (per tax records) and features a functional floor plan with 2 bedrooms, 1.5 bathrooms, and a private patio. One unit is currently leased, providing established rental income, while three are vacant and ready for occupancy. (Fair market rent for the 37922 Zip Code is $2299 per month.) 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.

• See Income (Current Leases) / Expenses >
• See Renovation & Improvements >
• See Sample Pro-Formas >

The property offers front parking for residents and guests. 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: LCUB

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.