131 Nevada Ave
Description
-Ability to Convert Office Into 18th Unit
-Rents $300-$400 Below MarketNevada Heights is a 17-unit property located in LaFollette, TN that has recently been completely renovated and is well positioned to achieve market rents. The property has been ran as an affordable housing complex, but all rent restrictions will be lifted at the time of closing which will allow a buyer to increase rents to market rates. -Recently Renovated Interiors and Exterior
-Ability to Convert Office Into 18th Unit
-Rents $300-$400 Below Market
- Listed by Kevin G. Tipton • SVN I Wood Properties
- Listed by Jon Roosen • SVN I Wood Properties
Amenities
- Air Conditioning
- Parking Included
- Private Outdoor Space
- Washer / Dryer in Unit
Property Details for 131 Nevada Avenue
| Status | Closed |
|---|---|
| MLS # | 1213848 |
| Days on Market | 9 |
| Taxes | $11,880 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 2002 |
| Lot Size | 0.00 AC / 0 SF |
| County | Campbell County |
Location
Sold By SVN I Wood Properties, Cohl Morgan (865.603.9887)
Building Information for 131 Nevada Avenue
Payment Calculator
$7,015 per month
30 year fixed, 6.845% Interest
$6,025
$990
$0
Property Information for 131 Nevada Avenue
- City: LaFollette
- County Or Parish: Campbell County - 37
- Directions: I-75 North to RT on 25W to LT on Nevada to property on LT
- Latitude: 36.381723
- Longitude: -84.125597
- MLS Area Major: Campbell County - 37
- MLS Area Minor: Campbell County - 37
- Postal Code: 37766
- State Or Province: TN
- Location Tax Legal Info Area: Campbell County - 37
- Remarks Misc Directions: I-75 North to RT on 25W to LT on Nevada to property on LT
- General Property Description Driveway: Paved
- Garage Parking On Premise Parking: True
- Association Fee: 0.0
- Parcel Number: 085O C 039.00
- Location Tax Legal Info Total Tax: 11880.0
- Virtual Tours Count: 0
- Lot Size Area: 0.0
- Lot Size Square Feet: 0.0
- Year Built: 2002
- Building Area Total: 12932.0
- Living Area Source: Tax Records
- Lot Size Acres: 0.0
- Lot Size Dimensions: 1.75 Acre
- General Property Description SqFt - Source: Tax Records
- General Property Description Lot Dimensions: 1.75 Acre
- Possession: At Closing
- Sign On Property: No
- Property Type Label: Multi-Family
- Floor Plans Count: 0
- Property Type: Multi-Family
- Possession At Closing: True
- General Property Description UtilitiesMo Avg: 0.0
- Fuel Other Fuel: True
- Miscellaneous WasherDryer Cnctns: True
- Construction Materials: Vinyl
- Siding Vinyl: True
- Miscellaneous Balcony: True
- Bathrooms Total Integer: 0
- Kitchen Appliances: Refrigerator
- Flooring: Laminate
- Heating: Yes
- Cooling Central Cooling: True
- Floors Laminate: True
- Heat Central: True
- Appliances Range: True
- Appliances Refrigerator: True
- Other Rooms Mstr Bdrm Main Level: True
- Roof Shingle: True
- Number Of Units Total: 17
- Type of Units 1 Bedroom Unit: True
- Type of Units 2 Bedroom Unit: True
- General Property Description Lease Information: 1YR - Mo to Mo
- Tenant Expenses Heating: Central
Property History for 131 Nevada Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 3, 2023 | Closed KAARMLS #1213848 | $1,150,000 | — |
| Dec 24, 2022 | Contract - Not Showing KAARMLS #1213848 | — | |
| Dec 16, 2022 | Listed (Active) KAARMLS #1213848 | $1,300,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/03/2023 | Closed KAARMLS #1213848 | $1,150,000 |
| 12/24/2022 | Contract - Not Showing KAARMLS #1213848 | — |
| 12/16/2022 | Listed (Active) KAARMLS #1213848 | $1,300,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 131 Nevada Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 12 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Lafollette Elementary School PublicPK to 5 | ||
East Lafollette Learning Academy Public6 to 12 | ||
Lafollette Middle School Public6 to 8 | ||
Campbell County Comprehensive High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of SVN I Wood Properties, Kevin G. Tipton; SVN I Wood Properties, Jon Roosen (865.202.6767)
The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 MTRMLS, Inc. All Rights Reserved. Last updated: 03/20/2023 10:40 AM