UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,224 sqft
Subdivision Norman Add
MLS Listing ID 1338226
Style Traditional
Bedrooms 3
Full Baths 1
Year Built 1940
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 50 x 120
Property Sub-Type Single Family Residence
Source East Tennessee REALTORS® MLS
Property Description
BIDDING BEGINS TO CLOSE: Wednesday, May 13th at 12:00PM - Noon (ET) | OPEN HOUSE: Monday, May 11th from 1:00PM -2:00PM (ET)
This South Knoxville investment home presents a straightforward and attractive opportunity for investors seeking immediate rental income with long-term tenants already in place or to buy as an opportunity to flip. This home is currently rented at $750 per month on a month-to-month basis, the existing tenants have expressed a desire to remain in the home and are open to negotiating a lease with a new owner -- making for a seamless transition from day one.
The property features a comfortable and functional layout including: Living room, Eat-in kitchen, Three bedrooms, Full bathroom and Laundry room.
Conveniently situated in South Knoxville, the property offers quick and easy access to: James White Parkway, Chapman Highway, Downtown Knoxville, University of Tennessee, and Urban Wilderness Gateway Park.
Whether you're an experienced investor looking to expand your portfolio or a first-time buyer seeking an income-producing property, this South Knoxville home delivers immediate cash flow, a desirable location, and the added benefit of tenants who are motivated to stay. Opportunities like this -- with long-term tenants in place and a convenient location close to major Knoxville destinations and outdoor recreation -- are always in demand and rarely last long. Buyer to verify all information. Kenny Phillips, Auctioneer | TN Lic #2385 - Phillip Hopper, Auctioneer | TN Lic #6709
Location
State TN
County Knox County - 1
Area 0.13
Rooms
Other Rooms LaundryUtility
Basement Crawl Space
Dining Room Eat-in Kitchen
Interior
Interior Features Eat-in Kitchen
Heating Heat Pump, Electric
Cooling Central Cooling
Flooring Laminate, Hardwood, Vinyl
Fireplaces Type None
Fireplace No
Appliance Range
Heat Source Heat Pump, Electric
Laundry true
Exterior
Exterior Feature Patio
Parking Features Off-Street Parking
Garage Description Off-Street Parking
Porch true
Garage No
Building
Lot Description Rolling Slope
Faces James White Parkway to the Sevier Avenue exit. West on Anita Drive to left on Sevier Avenue. Turn left on Buford Street to the home on the right.
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Vinyl Siding,Brick,Frame
Others
Restrictions Yes
Tax ID 109CC029
Energy Description Electric
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Auction
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