OFFER ACCEPTED BEFORE THE AUCTION! 1009 Cedarwood Street – Knoxville, TN 37914
ONLINE ONLY REAL ESTATE AUCTION
East Knoxville Investment Opportunity – Fixer Upper
BIDDING BEGINS TO CLOSE:
Friday, October 24th
at 12:00PM – Noon (ET)
OPEN HOUSE:
Wednesday, October 22nd
at 12:00PM – Noon (ET)
Approximately 840 SF – 2 Bedrooms, 1 Bathroom
Excellent investment opportunity in East Knoxville offering multiple possibilities for savvy buyers. This 2 bedroom, 1 bathroom home provides a solid foundation for various investment strategies in a highly convenient location with outstanding access to major destinations.
Prime East Knoxville Location
Strategically positioned with convenient access to Rutledge Pike, I-40, Downtown Knoxville, and the University of Tennessee. This central location ensures strong rental demand and excellent connectivity for residents or tenants.
Property Layout
- Living room providing central gathering space
- Kitchen with small dining/breakfast room for meal preparation and casual dining
- Two bedrooms offering flexible accommodation options
- One full bathroom serving household needs
- Utility room for laundry and storage convenience
- Older detached single car garage adding storage and potential workspace
Investment Potential
This property presents multiple opportunities for investors and owner-occupants:
- Fix & Flip: Update and resell for profit
- Rehab & Rent: Create steady rental income with strong tenant demand
- Remodel & Live: Customize as your first home with sweat equity
Market Advantages
The 840 square feet provides an ideal size for rental properties or first-time homebuyers seeking affordable entry into homeownership. The East Knoxville location offers urban convenience while maintaining neighborhood character.
Opportunity Summary
Whether you’re an experienced investor, first-time flipper, or buyer seeking an affordable path to homeownership, this property offers excellent potential in one of Knoxville’s most accessible locations. The combination of convenient location, manageable size, and renovation potential creates outstanding value for those ready to invest in East Knoxville’s continued growth.
Knox County Parcel / Tax ID:
070LA014
Yearly Property Taxes:
$908.85 – Total Yearly Taxes | $528.12 – City of Knoxville and $380.73 – Knox County
Lot Size:
0.25 +/- acre | 50 x 218
Year Built:
1930
Real Estate Terms:
Powell Auction will email winning bidder your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing. By bidding you are entering into a binding agreement.
M & M Title will be conducting the closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. Closing to occur on or before November 24th, 2025.
The contract will not be contingent upon financing, inspections or any other contingencies.
Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).
All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**
Thank you for participating in this Powell Auction & Realty LLC Online Auction.
It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.
New Bidders, please Pre-Register, we will have to approve you to Bid!
