Property Description

UT parents...your search is over! Nestled on a private wooded lot in highly sought-after Lakemoor Hills, this spacious home offers incredible flexibility, value, and location. Featuring 3 bedrooms plus 2 additional bonus rooms with closets, 2 full baths, and 2 half baths, the home lives much larger than its footprint and offers endless possibilities for a variety of lifestyles.Located just 3 miles from UT Medical Center and only 3.8 miles from the University of Tennessee, this property is an outstanding option as a primary residence, investment property or game-day retreat. The current owner successfully rented the home to five students, generating excellent cash flow ($3500/mo plus one bedroom rent-free for son), and it has also performed well as a profitable Airbnb. One bonus room area offers the potential for a private guest suite, making it ideal for short-term rental income, visiting family, or football weekends.Looking for student housing? Consider the opportunity to ''house hack'' by purchasing for your UT student while offsetting expenses with 4 roommates. Why buy a condo with HOA dues and restrictions when you can enjoy the freedom of homeownership with no HOA? Plus, it can be sold furnished as a truly turn-key property. Inside, you'll find newer flooring throughout, updated bathrooms, an open floor plan, and multiple living and flex spaces that can easily adapt to your needs. Outside, enjoy a huge backyard perfect for entertaining, tailgates, gatherings, and outdoor living, all surrounded by mature trees for added privacy.Situated among some of Knoxville's most desirable homes, many valued at over $1 million, this is the best value in Lakemoor Hills. Convenient to downtown Knoxville, the Tennessee River, parks, recreation, dining, and entertainment. It's also 10 minutes to the Sequoyah Hills area.

Property Features