Single Family Home $ 179,900

1243 Iredell Ave

Knoxville, TN 37921

  • 4 Beds
  • 2 Baths
    Full Baths: 2
  • 1,440 SqFt
  • 0.27 Lot Size
  • 1930 Year Built
***OFFERS ACCEPTED UNTIL MONDAY AT 10:00 AM*** Income-Producing Opportunity with Renovated ADU - Minutes from Downtown Knoxville

This versatile property offers a rare opportunity for both investors and house hackers with two income-producing living spaces on one lot. The main home features 3 bedrooms, 1 bathroom, and approximately 960 square feet of living space, while the property also includes a 480 square foot Additional Dwelling Unit (ADU)--perfect for generating additional rental income or accommodating guests.

The ADU was fully renovated in 2020 after being converted from a former garage and includes its own mini-split HVAC system, creating a comfortable and efficient standalone space. Previously, the main unit rented for $2,100 per month with utilities included, while the ADU generated $1,100 per month with utilities included, highlighting the strong income potential this property offers.

Located just minutes from downtown Knoxville, the University of Tennessee, and major commuter routes, this property provides both convenience and investment upside in a rapidly growing area. Whether you're looking to expand your rental portfolio or live in one unit while renting the other, this property delivers flexibility and opportunity.

Buyer to verify all information. Home sold as-is.
Listed by Real Broker

PROPERTY DETAIL

  • Key Details

    Property Type Single Family Home

    Sub Type Single Family Residence

    Listing Status Pending

    Purchase Type For Sale

    Square Footage 1, 440 sqft

    Price per Sqft $124

    Subdivision Doll Mynderse & Brownlees 2Nd Add

    MLS Listing ID 1335200

    Style Other

    Bedrooms 4

    Full Baths 2

    Year Built 1930

    Lot Size 0.270 Acres

    Acres 0.27

    Property Sub-Type Single Family Residence

    Source East Tennessee REALTORS® MLS

  • Location

    State TN

    County Knox County - 1

    Area 0.27

  • Rooms

    Basement Crawl Space

  • Building

    Lot Description Other, Rolling Slope

    Faces From the Henley Street Bridge, head north on Henley St and merge onto I-275 N. Take the W Baxter Ave exit and continue on W Baxter Ave for approximately 0.4 miles. Turn onto Iredell Ave--the home will be on the right.

    Sewer Public Sewer

    Water Public

    Architectural Style Other

    Structure Type Vinyl Siding,Block

  • Interior

    Heating Central, Electric

    Cooling Central Cooling

    Fireplaces Type None

    Fireplace No

    Appliance Dishwasher, Microwave, Range, Refrigerator

    Heat Source Central, Electric

  • Exterior

    Exterior Feature Porch - Covered

    Parking Features Off-Street Parking

    Garage Description Off-Street Parking

    Garage No

  • Schools

    Elementary Schools Maynard

    Middle Schools Bearden

    High Schools Fulton

  • Others

    Restrictions No

    Tax ID 094CN018

    Energy Description Electric

    Acceptable Financing Cash, Conventional

    Listing Terms Cash, Conventional

SIMILAR HOMES FOR SALE

Check for similar Single Family Homes at price around $179,900 in Knoxville,TN

CONTACT

Luke Rivers
Luke Rivers

GET IN TOUCH

Your Full Name
Your Phone Number*
Write Your Message

"By checking this box, I consent to receive text messages related to Real Estate marketing, as listed on the Terms and Conditions point (#2) from BetterFit real estate team. You can reply STOP to opt out at any time. Messages and data rates may apply. Message frequency will vary. Reply HELP to 865-398-2609 for assistance. For more information, refer to our Privacy Policy and SMS Terms and Conditions on our website.