Property Description

Combining the character of a 1920 Craftsman with the advantages of a comprehensive 2024 renovation, this turnkey duplex presents an outstanding opportunity for investors seeking an established furnished rental property in a convenient Knoxville location. Situated within a short walk to Edgewood Park, offering a playground, pavilion, tennis courts/pickleball courts, and approximately three miles from downtown Knoxville, the property offers excellent accessibility to everything Knoxville has to offer.The property has operated as two fully furnished, 30-day minimum rental residences, with a demonstrated history of income production and combined monthly rental rates of $3,700 when fully booked. The 1,379-square-foot property consists of a two-bedroom, one-bath residence and a separate one-bedroom, one-bath residence, each with its own kitchen, living area, and washer/dryer. Both units are being sold fully furnished and completely equipped for 30-day rentals, including dishes, cookware, small appliances, and household essentials, allowing the new owner to pursue continued furnished rentals, traditional long-term leasing, or an owner-occupied investment strategy that opens the opportunity to apply with the City of Knoxville for a permit on overnight rentals. The extensive 2024 renovation went well beyond cosmetic improvements. The interiors were gutted and reworked with new interior framing, and completely new interior finishes. The renovation includes all-new electrical and plumbing systems, windows, HVAC ductwork. Two HVAC units newly installed in 2021 were retained during the renovation. Electrical is separately metered for each residence, with a shared water meter. Thoughtful improvements preserve the home's original architectural appeal while providing the modern finishes, thoughtful design, and functionality today's renters expect.A spacious covered front porch, off-street parking at the rear, and the timeless charm of the Craftsman exterior complete the property. Rental availability has been intentionally and temporarily suspended during the sale process, providing immediate flexibility for the next owner.**Offered fully furnished, with OWNER FINANCING AVAILABLE!** An opportunity to acquire a substantially renovated, income-producing property with significant capital improvements already completed and multiple potential rental strategies in a desirable, close-to-downtown Knoxville location.

Property Features

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