Sold for $650,000 on 04/19/24
$650,000
108 Viking Rd, Oak Ridge, TN 37830
6beds
4baths
8,124sqft
Multi Family
Built in 1943
-- sqft lot
$708,400 Zestimate®
$80/sqft
$1,643 Estimated rent
Home value
$708,400
$616,000 - $808,000
$1,643/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Incredible INVESTMENT OPPORTUNITY in Oak Ridge - 12 Unit Apartment Complex!
*MOTIVATED SELLER*
Welcome to this prime investment opportunity in the heart of Oak Ridge, Tennessee! This 12-unit apartment complex presents a unique blend of modern luxury and promising potential.
Property Features:
4 Fully Renovated Units: Everything is NEW top to bottom. Unit upgrades include HVAC, plumbing, electrical, appliances, washer and dryer in each unit, windows, sheet rock, lighting, flooring, and more. These units are metered separately and each unit has been fitted with fire suppression heat detected sprinkler systems, hard wired smoke alarms and fire alarms. These are sure to be maintenance free for many years.
8 Partially Renovated Units with New Framing that is framed in with all rooms including laundry rooms in each unit, windows, Siding, Roofs, water supply lines ready for plumbing, and for fire suppression installation, temporary power pole set up for both buildings : The remaining 8 units boast brand new structural enhancements, ensuring longevity and low maintenance costs. Future tenants will enjoy the benefits of upgraded exteriors and improved energy efficiency.
Buildings are situated on over 2 acres of beautiful level land for tenant and owner enjoyment, or potential expansion!
Conveniently situated in the heart of Oak Ridge, the complex is within close proximity to schools, parks, shopping centers, and major transportation routes, making it an attractive choice for potential tenants.
Thriving Rental Market: Oak Ridge's established rental market which is continuing to grow exponentially makes this property a sound investment choice, providing a steady income stream for the discerning investor.
This sale includes all three separately parceled buildings. Parcel #s: 108-114 is #099E F 011.00, 116-122 is #099E F 012.00, 124- 130 is #099E F 013.00
The owners are motivated to sell, offering an opportunity for investors who are capable.
Act now to secure this valuable asset by contacting me today! Don't let this opportunity pass you by!
Buyers responsibility to verify all information is correct. Owner agent.
Zillow last checked: 8 hours ago
Listing updated: April 19, 2024 at 03:09pm
Listed by:
Adam Norton 865-275-2326,
The Real Estate Firm, Inc.
Bought with:
Cheryl A Richey, 299618
The House Store
Source: East Tennessee Realtors,MLS#: 1251996
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Range, Refrigerator, Self Cleaning Oven, Washer
Features
- Pantry
- Flooring: Laminate, Carpet
- Windows: Windows - Vinyl
Interior area
- Total structure area: 8,124
- Total interior livable area: 8,124 sqft
Property
Parking
- Parking features: On Street, Off Street
- Has uncovered spaces: Yes
Features
- Exterior features: Prof Landscaped
Lot
- Dimensions: 261 x 227 x 311 x 131 x 241
Details
- Parcel number: 099E F 011.00
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick, Block, Frame
Condition
- Year built: 1943
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Oak Ridge
Other
Other facts
- Listing terms: Call Listing Agent,Alternative,New Loan,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/19/2024 | Sold | $650,000-45.8%$80/sqft |
Source: | ||
| 2/13/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 2/12/2024 | Pending sale | $1,200,000$148/sqft |
Source: | ||
| 2/7/2024 | Listed for sale | $1,200,000$148/sqft |
Source: | ||
| 1/30/2024 | Listed for rent | $1,250 |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,719 | $36,040 |
| 2023 | $1,719 | $36,040 |
| 2022 | $1,719 | $36,040 |
Find assessor info on the county website
Neighborhood: 37830
Nearby schools
GreatSchools rating
- 6/10Robertsville Middle SchoolGrades: 5-8Distance: 1.1 mi
- 9/10Oak Ridge High SchoolGrades: 9-12Distance: 0.3 mi
- 9/10Willow Brook Elementary SchoolGrades: K-4Distance: 1.4 mi
Schools provided by the listing agent
- High: Oak Ridge
Source: East Tennessee Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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