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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.

PROPERTY FEATURES

Water Source : Public Sewer Source : Public Sewer
2 Carport Spaces
Exterior Features: Windows - Vinyl, Fence - Wood, Fenced - Yard, Porch - Covered, Deck Lot Features : Irregular Lot, Level
Architectural Style : Traditional
Cooling: Central Cooling, Ceiling Fan(s) Heating : Central, Electric
Construction Materials: Vinyl Siding, Other, Frame, Brick
Interior Features: Pantry, Walk-In Closet(s), Eat-in Kitchen Fireplace Features: None Basement Description : Crawl Space Appliances : Dishwasher, Range, Refrigerator Flooring : Laminate, Carpet, Hardwood, Parquet, Tile
Other Structures: Workshop

PROPERTY DETAILS

Street Address: 407 NE Sharp Lane
City: Knoxville
State: Tennessee
Postal Code: 37912
MLS Number: 1279007
Year Built: 1955
Courtesy of United Real Estate Solutions

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