509 Taylor Rd, Knoxville, TN 37920

Description

Two living spaces in one beautifully updated move-in ready home! This unique property features a walkout basement with a private entrance facing the driveway, offering a cool, modern living space, while the upper level showcases a charming French cottage style with its own main entrance. Both levels are connected through an interior staircase and have doors that can be locked off from one another.

Renovated in 2022, the home includes major upgrades such as new footer drains, professional landscaping and hardscaping, a retaining wall, and a large asphalt driveway. Both levels feature thoughtfully designed kitchens with tile backsplashes, while the main kitchen includes granite countertops. The primary bathroom has been fully updated with tiled walls and a glass shower door.

Additional upgrades include refinished oak hardwood floors on the main level, luxury vinyl flooring in the basement, vinyl windows, and premium custom 2.5' vinyl blinds throughout. Each floor is equipped with its own electric HVAC system for optimal comfort.

An unfinished basement area, accessible from both levels, provides a dedicated laundry space and ample storage. The home also offers abundant closet space, a large, detached shed on a concrete slab, and a 50-amp RV/EV hookup conveniently located by the driveway.

Previously operating as a mid-term rental generating $3700 per month (including utilities, furnishings, and internet). This property presents a fantastic opportunity for investors at a 7% cap rate or for owner-occupants--live on one level and rent the other, rent both spaces, or occupy it as a single-family residence.

Notes: Home was previously owner-occupied for two years prior to rental use. Pictures were taken when home was fully furnished. Home is vacant and move-in ready.