5800 Fountain Rd, Knoxville, TN 37918

Property Description

Excellent opportunity to own an updated, income-producing duplex in the heart of Fountain City. Priced at $400,000 and offered as-is, this property features two spacious 2-bedroom, 1-bath units, both currently vacant and move-in ready. Ideal for investors looking to expand their rental portfolio or owner-occupants interested in living in one unit while generating rental income from the other. Both units were previously leased together for $3,000 per month, providing an established rental history and an opportunity for the next owner to establish new leases at current market rates. Major capital improvements have already been completed, including a NEW ROOF installed September 2026, two HVAC systems installed in 2020, and new dishwashers in October 2026. Both units underwent extensive renovations in 2022, featuring updated kitchens with soft-close cabinetry, tile backsplashes, refinished hardwood floors, updated bathrooms, modern fixtures, and individual washer and dryer connections. Conveniently located near shopping, restaurants, major roadways, and downtown Knoxville. The seller is retired, motivated, and has reduced the asking price to $400,000 to reflect an as-is sale. No additional seller improvements are planned. Seller financing may be considered with acceptable terms. All reasonable offers will receive serious consideration. Showings by appointment through Broker Bay. Buyer to verify all information important to their purchase.