407 Sharp LN Active Save Request In-Person Tour Request Virtual Tour
Knoxville,TN 37912
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Square Footage 2,749 sqft
Price per Sqft $138
Subdivision Caldwell & Tindells Add
MLS Listing ID 1279007
Style Traditional
Bedrooms 6
Full Baths 4
Half Baths 1
Year Built 1955
Lot Size 0.460 Acres
Property Description
Income producing property available. Two Homes on One Lot w/ Separate Utilities.
First 7 pics are a glimpse of both homes - must scroll through to see all the homes have to offer.
Combined income potential $4,884/mo. Total sq footage of homes and bedroom/bathroom count to be verified by buyer and is advertised as the total of the two homes.
407 Sharp Lane (Gray home at back of property) is approx 1215 sq ft and was remodeled in 2019 to include new windows, siding, bathrooms, flooring, large wrap around deck, hvac, water heater, cabinets, and gutters. Has separate water/sewer line and utilities. 3 bedrooms and 2 baths.
405 Sharp Lane (Fronts Sharp Lane) is approx 1534 sq ft. Improvements include HVAC in 2019, faucets, gutters, and new kitchen flooring. 3 bedrooms and 2 1/2 bathrooms and 2 kitchens. Pex plumbing in kitchen. Has the potential to be converted to a duplex as there are two entrances to the home and 2 kitchens; potential to have 2 bedrooms in each unit.
Gas lines have been terminated; each home has separate water/sewer lines, and separate electric service - no gas bill!
Live in one home and rent the other? or Have 3 rentals with the conversion of 405 Sharp Ln into a duplex. Want to live near family but not in the same home; live in one and have family reside in the other. Have college students needing a place while attending school? Rent out remaining space to roommates.
Great location to downtown, interstate, shopping and dining.
Great opportunity to dive into investment property ownership.
Buyer to verify all information; the information is deemed reliable but not guaranteed. Selling As-is. Homes have been under termite warranty over the years with All-In-One Pest and can be extended by buyer - has annual renewal; most recent inspection 4/2024 and all clear.
All investment potential to be verified by buyer and is not guaranteed - it is just offered as options., The rental income is provided based on previous rental experience coupled with the option of the front house being converted to a duplex and rent potential.
Location
State TN
County Knox County - 1
Area 0.46
Rooms
Family Room Yes
Other Rooms LaundryUtility, DenStudy, Workshop, Addl Living Quarter, Bedroom Main Level, Family Room, Mstr Bedroom Main Level
Dining Room Eat-in Kitchen, Formal Dining Area
Interior
Heating Central,Electric
Cooling Central Cooling,Ceiling Fan(s)
Flooring Laminate,Carpet,Hardwood,Parquet,Tile
Fireplaces Type None
Laundry true
Exterior
Exterior Feature Windows - Vinyl,Fence - Wood,Fenced - Yard,Porch - Covered,Deck
View Other
Building
Lot Description Irregular Lot,Level
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Other,Frame,Brick
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional