UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,056 sqft
Price per Sqft $135
MLS Listing ID 1350067
Style Other,Traditional
Bedrooms 4
Full Baths 2
Half Baths 1
Year Built 1945
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Single Family Residence
Source East Tennessee REALTORS® MLS
Property Description
This is the investment opportunity you've been waiting for! Whether you're looking to expand your rental portfolio, house multiple generations under one roof, or capitalize on a high cash-flow property, this one checks every box.
The main level offers a warm and inviting layout featuring 2 spacious bedrooms and 2 bathrooms. The kitchen comes fully equipped with a range, refrigerator, and dishwasher, while the dedicated laundry room includes a washer and dryer for added convenience. Beautiful hardwood and tile flooring flow throughout the home, and the covered back deck provides the perfect space to relax or entertain guests.
One of the bathrooms has already been gutted and is plumbed, giving the next owner an excellent opportunity to finish the space with their own style and selections while adding immediate value to the property. The HVAC system is not currently operational; however, the sellers are actively working to have it repaired, offering added peace of mind for the future owner.
What truly sets this property apart is the fully finished lower level, thoughtfully designed into two separate living quarters, each with its own private entrance--creating exceptional income potential.
The first apartment features its own living area, full kitchen with range and refrigerator, private bedroom, full bathroom, and closet.
The second apartment offers an equally impressive setup with a private living area, kitchen with range and refrigerator, bedroom, full bathroom, closet, plus an additional half bath--a rare and highly desirable feature for tenants.
The basement units share a conveniently located laundry room equipped with a washer and dryer, adding even more functionality for occupants.To help the next owner plan for maximizing the space, estimates for the installation of mini-split HVAC systems have already been obtained for the basement apartments. This provides a clear path for adding independent climate control while enhancing the property's long-term rental potential.
Positioned in one of South Knoxville's most sought-after areas, this property is just minutes from the Smoky's Baseball Stadium Downtown, Two of Knoxville's largest quarries: Fort Dickerson and Meads, University of Tennessee, UT Medical Center, Ijams Nature Center, and an easy drive to The Smoky Mountains.
Properties with this kind of versatility are becoming increasingly difficult to find. With three independent living spaces under one roof, private entrances for the basement apartments, and tremendous rental potential, this property is positioned to deliver outstanding returns for the savvy investor. Whether you choose to lease all three units, live upstairs while generating income below, or create the perfect multigenerational living arrangement, the possibilities are endless.
Opportunities like this don't stay on the market for long. Schedule your showing today and discover why this South Knoxville gem is the kind of investment buyers wait for--but shouldn't wait to buy.
Location
State TN
County Knox County - 1
Area 0.32
Rooms
Family Room Yes
Other Rooms LaundryUtility, Addl Living Quarter, Bedroom Main Level, Family Room
Basement Finished, Plumbed, Other, Outside Entr Only
Interior
Heating Forced Air, Electric
Cooling Ceiling Fan(s)
Flooring Hardwood, Vinyl, Tile
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Dryer, Range, Refrigerator, Washer
Heat Source Forced Air, Electric
Laundry true
Exterior
Exterior Feature Deck, Porch - Covered, Patio
Parking Features On-Street Parking, Basement, Main Level
Garage Description On-Street Parking, Basement, Main Level
Amenities Available Other
View Wooded
Porch true
Garage No
Building
Lot Description Cul-De-Sac, Wooded
Faces From Downtown take Chapman Hwy to W Martin Mill Pike, take a left on to Hialeah Dr, After that, take a right on to Cheyenne Dr and then again take a right on to Gayview Dr.
Sewer Public Sewer
Water Public
Architectural Style Other, Traditional
Structure Type Wood Siding,Brick,Block,Frame
Others
Restrictions Yes
Tax ID 123HF035
Energy Description Electric
Nearby School & Business
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Lacy Mellon
Team Leader/Agent | License ID: 328504
Team Leader/Agent License ID: 328504