401 S Cherry St
Knoxville, TN 37914
- 3 beds
- 2 baths
- 1,170 sqft
- 7,405 sqft lot
- $155 per sqft
- 1994 build
- – on site
Seller says bring all offers!! **Steady Income Investment with Long-Term Tenant - 401 S Cherry St, Knoxville, TN** Investors, here's a rare opportunity to own a **3-bedroom, 2-bathroom** rental property with a **long-term, reliable tenant** in place. This home is currently leased to a **KCDC tenant** who has lived in the property for over **15 years**, consistently paying **on time** and expressing a desire to stay. While the **current rent of $1,260/month is below market**, a structured **20% annual increase** has been agreed upon with the tenant until market rent is achieved, making this a **high-upside investment** with built-in growth potential. The home itself is well-maintained, offering a **functional layout** and solid structure, minimizing maintenance concerns. Located in a convenient area with **strong rental demand**, this property is perfect for an investor looking for **stability and future appreciation**. Don't miss this **turnkey, cash-flowing asset** with a built-in rent growth strategy. **Schedule a viewing today!** Owner/Broker
Last checked:
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Checking…
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Last updated Mar 14, 2025
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MLS# 1289480 —
The Building
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Year Built:1994
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New Construction:No
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Construction Materials:Brick, Frame
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Architectural Style:Cottage
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Direction Faces:None
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Roof:None
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Stories:None
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Stories Total:None
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Basement:Crawl Space
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Basement:false
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Accessibility Features:None
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Building Area Total:1170.0
Interior
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Flooring:Carpet, Hardwood, Tile
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Fireplace:false
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Fireplace Features:None
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Laundry Features:None
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Levels:None
Room Dimensions
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Living Area:None
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Living Area Units:None
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Living Area Source:None
Financial & Terms
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Listing Terms:Cash, Conventional
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Lease Term:None
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Possession:None
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Tenant Pays:None
Location
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Directions:Use GPS
The Property
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Parcel Number:082ND017
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Property Type:Single Family
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Property Subtype:Single Family Residence
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Lot Features:Corner Lot, Level
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Lot Size Area:0.17
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Lot Size Acres:0.17
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Lot Size SqFt:7405.2
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Lot Size Units:Acres
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Lot Size Source:Tax Records
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Zoning:None
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Zoning Description:None
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Current Use:None
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Possible Use:None
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Topography:None
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Waterfront:No
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Water Body Name:None
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Road Frontage Type:None
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Property Attached:false
Listing Agent
- Contact info:
- Office phone:
- (865) 433-4663
Taxes
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Tax Annual Amount:895.87
Beds
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Bedrooms Total:3
Baths
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Total Baths:2.0
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Total Baths:2
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Three Quarter Baths:None
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Full Baths:2
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Partial Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
Heating & Cooling
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Heating:Central, Natural Gas
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Heating:true
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Cooling:Central Cooling, Ceiling Fan(s)
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Cooling:true
Utilities
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Electric:None
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Range, Refrigerator
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Dishwasher:true
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Refrigerator:true
Schools
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Elementary School District:None
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Middle Or Junior School District:None
The Community
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Park Name:None
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Senior Community:No
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Pool Private:No
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Spa Features:None
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Pets Allowed:None
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Association:No
Parking
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Attached Garage:false
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Parking Features:Off-Street Parking
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Parking Total:None
Monthly cost estimate
Asking price
$182,500
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$977
|
| Taxes | $74 |
| Insurance | $50 |
| Utilities | $123 See report |
| Total | $1,224/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/14/25
Mar 14, 2025
|
Pending | KAARMLS | $182,500 | |
|
2/19/25
Feb 19, 2025
|
Price Changed | KAARMLS | $182,500 | -1.4% |
|
2/15/25
Feb 15, 2025
|
Price Changed | KAARMLS | $185,000 | -2.6% |
