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Turnkey investment opportunity in South Knoxville's sought-after South Haven neighborhood! This income-producing property features two fully separate homes on one lot"”a rare find with endless potential for house hacking, multi-generational living, short-term or mid-term rental income, or long-term leasing. Whether you're a seasoned investor or a first-time buyer looking to offset your mortgage, this is your chance to own a cash-flowing, dual-income property in a prime location. The front home is a beautifully renovated 3-bedroom, 2-bathroom residence offering 1541 square feet of living space. Thoughtfully updated with modern finishes, the home features a large, open-concept kitchen with stainless steel appliances, tile backsplash, deep modern black sink, large range hood, and eat-in bar plus a designated dining area. The kitchen and primary suite both feature durable luxury vinyl plank (LVP) flooring, while the original portion of the home boasts refinished hardwood floors that maintain its classic charm. Enjoy two spacious living rooms"”one of which could easily be converted into a 4th bedroom to increase rental value. A brick fireplace adds character, and large windows fill the space with natural light. The primary suite includes a private bathroom with tile-surround shower, double vanity, and tile flooring. An attached carport offers covered parking or could be used as additional outdoor living space. This unit has a proven rental history, previously leased for $2,200/month for over two years. Down a private fenced walkway, the detached Accessory Dwelling Unit (ADU) offers approximately 700 square feet of light-filled, Scandinavian-inspired design. This fully furnished 2-bedroom, 1-bathroom unit is optimized for mid-term rental income, currently earning $1,895/month from traveling professionals. Clean lines, minimalist décor, and cozy textures create a welcoming, modern atmosphere. This turnkey unit comes with all furnishings, décor, kitchenware, patio items, and bedding included"”making it ideal for travel nurses, remote workers, visiting students, or as an Airbnb alternative. Each unit enjoys designated yard space and separate parking, with privacy fencing enhancing the sense of separation and independence. Both homes share a single utility meter and one mailing address. Located just minutes from Baker Creek Preserve, Ijams Nature Center, SoKno Taco, the Urban Wilderness trail system, downtown Knoxville, and the University of Tennessee, this is an unbeatable location for consistent rental demand. Whether you're looking to house hack, expand your real estate portfolio, or secure a low-maintenance, dual-income investment, this property delivers. Rental income history shows $4,095/month combined. Financial documentation available upon request. Buyer to verify all information.
LAST UPDATED | 3/21/2025 | TRACT | City Homes Unit 2 |
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YEAR BUILT | 1944 | COMMUNITY | Knox County, KY |
COUNTY | Knox County, KY | STATUS | Active |
PROPERTY TYPE(S) | Single Family |
PRICE HISTORY | |
Prior to Mar 21, '25 | $52,500 |
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Mar 21, '25 - Today | $524,900 |
ADDITIONAL DETAILS | |
AIR | Ceiling Fan(s), Central Air |
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AIR CONDITIONING | Yes |
APPLIANCES | Dishwasher, Microwave, Oven, Range, Refrigerator, Self Cleaning Oven |
AREA | Knox County, KY |
BASEMENT | Crawl Space |
CONSTRUCTION | Block, Brick, Frame, Vinyl Siding |
FIREPLACE | Yes |
HEAT | Central, Electric |
LOT | 8276 sq ft |
LOT DESCRIPTION | Irregular Lot, Level, Other |
LOT DIMENSIONS | 57 X 146.75 X IRR |
PARKING | Off Street, Detached, Other |
SEWER | Public Sewer |
STYLE | Traditional |
SUBDIVISION | City Homes Unit 2 |
TAXES | 2092.22 |
VIEW | Yes |
VIEW DESCRIPTION | City |
SATELLITE VIEW |
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This information is being provided for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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