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Overview
Location
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Sold for $1,150,000
Sold for $1,150,000
131 Nevada Ave Lafollette, TN 37766
$1,150,000
CLOSEDBeds
Baths
0
Sqft
12,932
Year
2002
Close Date
Mar 3, 2023
Property Type
Residential Income
Sub Type
Per Square Foot
$89
Date Listed
Dec 15, 2022
Description of 131 Nevada Ave, Lafollette, TN 37766
Listing details for 131 Nevada Ave, Lafollette, TN 37766 : Nevada 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
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Listing Updated : 09-21-2026 at 4:45 AM CDT
Property Details
Property Overview
Listing Price
$1,300,000
MLS #ID
1213848
Close Price
$1,150,000
Close Date
Mar 3, 2023
Bedrooms
Bathrooms
0
Square Footage
12,932
Year
2002
Days on Site
26 Days
Property Type
Residential Income
Property Sub Type
Price per Sq Ft
$89
Date Listed
Dec 15, 2022
Location
Street Address
131 Nevada Ave
City
State
Tennessee
ZIP Code
County
Driving Directions
I-75 North to RT on 25W to LT on Nevada to property on LT
Home Specification
Total Square Feet
12,932
Construction / Architecture
Year Built
2002
Construction Materials
Frame and Vinyl Siding
Roof
Shingle
New Construction
No
Price per Sq Ft
$89
Lot Dimensions
1.75 Acre
Interior Details
Appliances
Refrigerator and Range
Flooring
Laminate
Fireplace
No
Heating
Central
Cooling
Central Air
Exterior Details
Garage
No
Attached Garage
No
Parking Features
On Premise Parking
Fencing
None
Taxes, HOA & Financing
Annual Property Tax
$11,880.00
HOA Fee Includes
None
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Listing Provided By
Kevin G. Tipton, SVN I Wood Properties
Properties displayed may be listed or sold by various participants in the MLS
Source
East Tennessee Realtors, MLS#: 1213848
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Property History
DateEventPrice
3/3/2023
Sold
$1,150,000
$89/sqft
Source:East Tennessee Realtors #1213848
East Tennessee Realtors #1213848 12/15/2022
Listed for sale
—
Source:East Tennessee Realtors #1213848
East Tennessee Realtors #1213848Location of 131 Nevada Ave, Lafollette, TN 37766
Streetview of 131 Nevada Ave, Lafollette, TN 37766
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