611 Glenoaks Drive
611 Glenoaks Drive, Knoxville, TN 37912
Contact for price
MLS# 1356489
Listing courtesy of Powell Auction & Realty,LLC · Kenny Phillips
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About this property
ONLINE ONLY REAL ESTATE AUCTION | Two Homes on One Parcel - Immediate Income-Producing Investment Opportunity | BIDDING BEGINS TO CLOSE: Friday, October 9th at 12:00PM - Noon (ET) | OPEN HOUSE: Wednesday, October 7th at 12:00PM - Noon (ET)| This exceptional investment property offers two separate dwellings on a single parcel, currently generating $2,250.00 per month in rental income on a month-to-month basis -- making it a truly turnkey income-producing opportunity from day one. With a main home, a detached secondary dwelling, and a detached garage, this property delivers outstanding flexibility and value for investors and owner-occupants alike. Main Home - $1,500/Month: The main home features 3 bedrooms and 1 bathroom with beautiful oak flooring throughout most of the home. The comfortable and well-laid-out floor plan includes a living room open to the dining room, additional room that could easily serve as a 4th bedroom if desired, covered front porch, and detached garage. Rented for $1,500.00 per month (month-to-month). Detached Secondary Dwelling - $750/Month: The detached secondary dwelling offers a wonderfully private and self-contained living space situated at the rear of the property, accessed via a separate driveway off the back alley. Featuring 2 bedrooms and 1 bathroom, this charming unit includes a living room, and covered front porch. Rented for $750.00 per month (month-to-month). Two-home parcels generating immediate rental income with separate access, detached garage, and month-to-month tenancy offering flexibility for the new owner are increasingly rare. Whether you're an experienced investor looking to add a solid income-producing asset to your portfolio or a buyer seeking to live in one unit while generating rental income from the other, this property delivers the value, flexibility, and immediate cash flow to make it an outstanding acquisition. Buyer to verify all information. 10% Buyer's Premium added to the high bid to establish the total sales contract price. Kenny Phillips, Auctioneer | TN Lic #2385 - Phillip Hopper, Auctioneer | TN Lic #6709
Subdivision: Mitchells Addition
MLS #1356489 · East Tennessee REALTORS® MLS
Property facts
- Status
- Active
- Property type
- Multi-Family
- Bedrooms
- —
- Bathrooms
- 0
- Living area
- 1,988 sq ft
- Lot size
- —
- Year built
- 1,930
- County
- Knox County - 1
- Price / sq ft
- —
- Days on market
- 21
- MLS number
- 1356489
- Listing office
- Powell Auction & Realty,LLC
Features
- Off-Street Parking
Location
611 Glenoaks Drive, Knoxville, TN, 37912
Listing data courtesy of East Tennessee REALTORS® MLS
Listing content is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Spring Mountain Realty PLLC. All measurements, acreage, room counts, and permitted uses are approximate and should be independently verified by the buyer.
Properties marketed by brokerages other than Spring Mountain Realty PLLC are identified with the listing office name. Listings that a seller has excluded from internet display are not shown, and addresses are withheld where the seller has requested it.
Spring Mountain Realty PLLC is an Equal Housing Opportunity brokerage. We do not provide guidance on schools, demographics, or the composition of any area. Buyers are encouraged to research those subjects using independent public sources.
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