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Active Listed today

611 Glenoaks Drive

Knoxville, TN 37912 · Mitchells Addition · Knox County

1,988 sq ft 1930 built

About

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

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Details

Key facts

Restrictions, taxes, HOA and utilities — straight from the MLS.

  • City taxes apply Inside city limits
  • No HOA No association dues

Overview

Type
Residential Income
Year built
1930
Show all details Show less

Interior

Building area
1,988 sq ft

Parking

Off Street

Listing details

MLS #
1356489
Status
Active
Days on market
Listed today

Location

Financing

Accepted financing
CashConventional

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Listing courtesy of Powell Auction & Realty,LLC. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011.