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.