About 3206 E Magnolia Ave
This versatile 4-plex represents a premier investment opportunity situated in a high-demand rental pocket. Tenants will love the convenience and walkability of this prime location, ensuring steady demand and consistent monthly cash flow. With four distinct units generating separate income streams, this property significantly mitigates vacancy risk while serving as an incredible wealth-building asset from day one. What truly sets this property apart is its rare commercial zoning, offering an unmatched level of versatility and long-term equity upside. Investors can comfortably collect traditional residential rent today while holding a highly valuable piece of commercial land for tomorrow. Whether you are looking to expand your portfolio with immediate cash flow, execute a strategic ''house-hack,'' or bank on future land appreciation, this property delivers the ultimate real estate trifecta. Opportunities that seamlessly blend residential income with commercial development potential do not stay on the market long. Contact us today to schedule your private tour.
Features of 3206 E Magnolia Ave
| MLS® # | 1345431 |
|---|---|
| Price | $275,000 |
| Year Built | 1948 |
| Status | Pending |
Community Information
| Address | 3206 E Magnolia Ave |
|---|---|
| Area | Knox County - 1 |
| Subdivision | Lake Park Spgs Add |
| City | Knoxville |
| County | Knox County - 1 |
| State | TN |
| Zip Code | 37914 |
Amenities
| Parking | Off-Street Parking |
|---|---|
| Has Pool | No |
Interior
| Appliances | Range |
|---|---|
| Heating | Space Heater, Other, Electric |
| Cooling | Window Unit(s) |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|---|
| Construction | Brick |
School Information
| Elementary | Spring Hill |
|---|---|
| Middle | Vine/Magnet |
| High | Austin East/Magnet |
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Young Marketing Group, Realty Executives |
|---|