174 Lance Lane , LaFollette, TN 37766
LaFollette, TN 37766
Description
Looking for an income generating property? Look no further for countless opportunities for revenue! This home can be an expansive single family home that affords ample space & setup for a multigenerational family OR with a few minor modifications this can be a primary residence with up 4 separate units to lease or use as short term rental income. Opportunities galore! No need to worry about overpaying, there is an appraisal on file. Cash in your chips for instant equity, this home is priced at $35,000 below appraisal value; see appraisal on file. Discover the perfect blend of tranquility & generational wealth in this remarkable home tucked neatly away in the beautiful Cumberland Mountains. There are endless things to do with stunning Norris Lake w/in 10 minutes; Tiki Club; ample parks like Lonas Young, Dr. Lee J Seargant & Freeman parks; Chapman Hill Winery; & expansive trail rides like Royal Blue, Tackett Creek, Winrock & many, many more! This property features three primary suites, two on the main level, over 5,000 square feet of living space & multiple separate living areas, offering limitless potential. This dream home provides ample space for entertaining. Imagine the possibilities: with a few modifications, you can convert this home into a triplex or quadplex, maximizing rental income potential. With the ability to accommodate up to 4 units, the projected ROI is an impressive 10%, making it a fantastic investment opportunity. Enjoy serene moments on the back screened porch overlooking 2 wooded acres, unwind by the luxurious saltwater pool, hot tub, & pool house complete with a full kitchen & bathroom or spend a relaxing evening by the firepit. Stargaze from the front porch & choose between turnkey furnished (750K) or bringing your personal touch with the unfurnished option (715K). Studio apartment over the detached garage is ready for your first tenant or short term guest today! Additional features include a brand-new roof w/a transferable warranty, extensive storage, a bonus workshop under the pool house & a charming playhouse. This home truly offers more than meets the eye. Lafollette gives you the perfect combination of a small home town feel with all the conveniences of living as well as a quick 45 minute commute to downtown Knoxville. Don't miss out on this incredible investment & lifestyle opportunity. Come see all this property has to offer!
Details
| Mls | 1267057 |
|---|---|
| Listing Type | For Sale |
| Style | Detachd |
| Subtype | Resale |
| Status | Active |
| Year | 1989 |
| Days On Site | 172 |
| Listing Provided By | Keller Williams Realty | Brandi Crass |
Features
| Beds | 6 |
|---|---|
| Baths | 8 Total |
| Sq Feet | 4,993 |
| Garage | 1 |
| Basement | Y |
| Pool | Yes |
| Acreage | 2.00 |
| Property View | Mountain View, Wooded |
Market Activity 37766
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Learn More About This Property
| State | TN |
|---|---|
| County | Campbell County 37 |
| City | LaFollette |
| Zip Code | 37766 |
| Area | Campbell County 37 |
| Subarea | 37 |
| Community Name | Esco Morton |
| Listing VS Median (in Esco Morton) | |
Price: $715,000 low | high Med: $467,000 SqFt: 4,993 low | high Med: 3,121 $ / SqFt: $143 low | high Med: $159 On Site: 172 low | high Med: 97.500000 | |