Property Description

Turnkey fourplex, 100% leased -- $4,675/mo ($56,100/yr), offered at $574,950. Four 2BR/1BA units in North Knoxville: income from day one, plus real value-add upside. Two units are fully renovated (2024 and 2022) with freshly painted cabinetry, butcher-block counters, updated appliances, refreshed baths, and new flooring (tile, LVP, carpet). A third is freshly painted with select updates. The fourth has stayed with the same tenant since before 2021 -- unrenovated, with clear upside when it turns. Every unit has in-unit laundry and its own water meter. Tenants pay water, sewer, and electric; the owner covers only trash and landscaping. All-electric (no gas). Brick exterior and metal balconies freshly painted in 2026, with paved off-street parking and private balconies. Ideal for a buy-and-hold investor or a house-hacker who wants to live in one unit and rent the rest. Full rent roll and income/expense breakdown available on request.

Property Features