602 Watauga Ave, Knoxville, TN
New Competitive Price, New Bathroom, Fresh Updates & Income-Producing Property with Multiple Revenue Opportunities
Price | Rental Income | Short-Term Potential | Flexibility
This property offers a rare combination of immediate income, strong upside potential, and versatile living options—all in one package.
Immediate Income: The detached guest house is currently rented for $1,250 per month, generating approximately $15,000 per year in gross rental income from day one.
Short-Term Rental Potential: Both the main home and guest house may be utilized for short-term rentals, subject to local regulations, offering significant additional earning potential.
Estimated Income Scenarios:
● Current Guest House Lease: $15,000/year
● Hybrid Model (Guest House + Occasional Short-Term Rental): $30,000–$45,000/year
● Full Short-Term Rental Optimization: $50,000–$60,000+ per year (market-dependent)
Whether you’re seeking a primary residence, multigenerational living setup, dedicated home office space, or a high-performing investment property, this home delivers exceptional flexibility with multiple avenues for income generation.
