1840 Buford Street – Knoxville, TN 37920
ONLINE ONLY REAL ESTATE AUCTION
South Knoxville Investment Property with Long-Term Tenants in Place
BIDDING BEGINS TO CLOSE:
Wednesday, May 13th
at 12:00PM – Noon (ET)
OPEN HOUSE:
Monday, May 11th
from 1:00PM -2:00PM (ET)
This South Knoxville investment home presents a straightforward and attractive opportunity for investors seeking immediate rental income with long-term tenants already in place or to buy as an opportunity to flip. Spanning approximately 1,224 SF, this home is currently rented at $750 per month on a month-to-month basis, the existing tenants have expressed a desire to remain in the home and are open to negotiating a lease with a new owner — making for a seamless transition from day one.
The Home:
The property features a comfortable and functional layout including:
- Living room
- Eat-in kitchen
- Three bedrooms
- Full bathroom
- Laundry room
Location:
Conveniently situated in South Knoxville, the property offers quick and easy access to:
- James White Parkway
- Chapman Highway
- Downtown Knoxville
- University of Tennessee
- Urban Wilderness Gateway Park
The Opportunity:
Whether you’re an experienced investor looking to expand your portfolio or a first-time buyer seeking an income-producing property, this South Knoxville home delivers immediate cash flow, a desirable location, and the added benefit of tenants who are motivated to stay. Opportunities like this — with long-term tenants in place and a convenient location close to major Knoxville destinations and outdoor recreation — are always in demand and rarely last long.
Knox County Parcel / Tax ID:
109CC029
Yearly Property Taxes:
$945.02 – total yearly taxes | $549.14 – City of Knoxville and $395.88 – Knox County
Lot Size:
50 x 120 | 0.138+/- acre
Year Built:
1940
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 June 12th, 2026.
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!
