***OFFERS ACCEPTED UNTIL MONDAY AT 10:00 AM*** Income-Producing Opportunity with Renovated ADU - Minutes from Downtown KnoxvilleThis 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.
Listed By
Agency Name: Real Broker
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 452.85 per month $400.38 Principal & Interest $0.00 Property Tax (data not provided by mls) $52.47 Homeowner's InsuranceCrye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
1243 Iredell Ave | MLS# 1335200
This single family home located at 1243 Iredell Ave, Knoxville, TN 37921 is currently listed for sale with an asking price of $179,900. This property was built in 1930 and has 4 bedrooms and 2 full baths with 1440 sq. ft. Iredell Ave is located in the Doll Mynderse & Brownlees 2nd Add subdivision. Search Doll Mynderse & Brownlees 2nd Add real estate on online.fusion2b.com today.