611/613 GLENOAKS DRIVE, Knoxville, TN 37912

Description:

Income Producing Property with 2 Units – 611/613 Glenoaks Drive – Knoxville, TN 37912 ONLINE ONLY REAL ESTATE AUCTION Two Homes on One Parcel — Immediate Income-Producing Investment Opportunity 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. BIDDING BEGINS TO CLOSE:Friday, October 9that 12:00PM – Noon (ET) OPEN HOUSE:Wednesday, October 7that 12:00PM – Noon (ET) UNIT 1 | 611 Glenoaks Drive – Knoxville, TN 37912 123Next Main Home — Approximately 1,220 SF (611) — $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: Living room open to the dining roomAdditional room that could easily serve as a 4th bedroom if desiredCovered front porchDetached garageRented for $1,500.00 per month (month-to-month) UNIT 2 | 613 Glenoaks Drive – Knoxville, TN 37912 Detached Secondary Dwelling — Approximately 768 SF (613) — $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: Living roomCovered front porchPrivate and separate access — ideal for tenant privacyRented for $750.00 per month (month-to-month) Investment Summary: Combined monthly rental income: $2,250.00 (month-to-month)Main home (611): $1,500.00 per monthDetached dwelling (613): $750.00 per monthBoth units currently rented month-to-month The Opportunity: 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. Knox County Parcel / Tax ID:069ID014 Year Built: 1930 (main house) and 1940 (secondary dwelling) Yearly Property Taxes: $1,775.04 – total yearly taxes | $1,031.45 – City of Knoxville and $743.50 – Knox County Lot Size: 0.317+/- acre YOU WILL NEED TO EMAIL PROOF OF FUNDS INFORMATION WHEN YOU REGISTER. THIS CAN BE A BANK LETTER, SCREENSHOT OF ONLINE BANKING/INVESTMENT ACCOUNT/RETIREMENT ACCOUNT, LOAN PRE-APPROVAL LETTER, ETC.PLEASE EMAIL THIS TO phillip@powellauction.com. YOUR REGISTRATION/BID WILL REMAIN PENDING UNTIL WE RECEIVE YOUR PROOF OF FUNDS INFORMATION.PLEASE CALL KENNY OR PHILLIP AT 865-938-3403 WITH ANY QUESTIONS.

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Estate Sales & Estate Auctions - EstateSales.org

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Sale Source:

Estate Sales & Estate Auctions - EstateSales.org