Summary
1453 Overton Ln, Knoxville, TN 37923
ADD TO YOUR RENTAL PORTFOLIO OR FLIP FOR MAX PROFIT!
ASKING PRICE: $209,700 OBO
*NR-EMD: $2,500
**Cash Or Hard Money To Close!!!**
Title search complete, ready to close ASAP!!!
*EXIT STRATEGIES:
- Fix and Flip
- Value add potential in finishing the basement which would add an additional 600+ fn sq/ft to the property
Details
4BR / 2.5 BA 1,380 fn sq/ft
- Title search completed with Admiral Title in Knoxville ready to close ASAP! Property is In a great location. Nothing for sale around it. 4 BR / 2.5 BA, with 1,380 fn sq/ft. Has a 2 car garage, newer front and rear porches, as well as a full basement that's partially finished with 9 foot ceilings! Possibility to pursue a value add option finishing the rest of the basement for max ARV. Major systems look good with an 8 year old roof, newer windows and an HVAC that's only 2 years old. Property is currently occupied by a long term tenant that pays $750 per month, way under market for this area. No other comps have a full basement! Awesome opportunity! Property to remain tenant occupied at close.
The Good
- Great Location
- Light rehab, quick-flip
- Attached 2 car garage
- Full basement with 9 foot ceilings, egress windows and walk out to back yard.
- Fenced backyard
- Newer windows
- Roof (8-years old)
- HVAC (2-year old)
- The front and rear porches have recently had decking replacements and staining done
Needs Work
- Cosmetic updating
- Flooring
- Fixtures
- Bathrooms
- Minor sheetrock repair
- Interior painting
Income:
- $750 mo, Lease: m/m verbal, non written
Utilities
- Tenant pays all utilities
- City water and sewer
Value Add Option
- Fully finish out basement to push ARV to the Max!
**DIsclosure**
- **Title search completed with Admiral Title in Knoxville ready to close ASAP!**
- *Walk-through: Tenant occupied.* Tenant not aware of sale
- Tenant on month-to-month lease, verbal non written agreement.
- Property to remain tenant occupied at close.
CALL TO SCHEDULE VIEWING OR
WIN IT NOW AND LOCK IT UP !
COMPS
- (SFR) 2005 Robinson Rd, 3/2 | Under Contract, 05/21/2023
- (SFR) 8237 Rising Fawn Dr, 3/1.5 | Under Contract, 05/17/2023
- (SFR) 8305 Landmark Dr, 3/1.5 | Sold Price: $292,000, 02/09/2022 | PPSqft: $244.15
- (SFR) 8233 Foxall Cir, 3/1.5 | Sold Price: $275,000, 05/19/2022 | PPSqft: $240.38
- (SFR) 8313 Tidewater Ct, 3/2 | Sold Price: $271,000, 06/06/2022 | PPSqft: $239.4
- (SFR) 1809 Robinson Rd, 3/1.5 | Sold Price: $194,000, 01/12/2022 | PPSqft: $149.69
* MORE INFO
*SCHEDULE WALKTHROUGH
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📞 (423) 374-3691
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Videos
Interior Walkthrough - 1453 Overton Lane
Street View
Location
current deal
comparables
available
sold
#2
$123k
$99k
| Bedrooms | |
| Bathrooms | |
| Sq. footage |
Deals nearby
Available
Sold