524 Midlake Drive, Knoxville, TN 37918

$314,000
Property Type: Single Family Bedrooms: 3 Square Footage: 1,200 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $314,000 List Date: 6/26/2026 Last Modified: 7/29/2026

Overview

Description

Turnkey Cash-Flow Investment Property - Lease in Place Until Early Jan 1, 2027. This modern 3-bedroom, 2-bathroom home (built 2021) offers approximately 1,200 sq ft of comfortable living space. Excellent rental history with professional management Open floor plan with bright living area and updated kitchen Master suite with private bath Backyard with patio and ample driveway parking in the rear. Located in the desirable Fountain City area with easy access to I-75, shopping, dining, and downtown Knoxville. This property delivers immediate, predictable income with minimal vacancy risk. The existing lease automatically transfers to the new owner, making this a true turnkey investment opportunity. Perfect for investors seeking stable cash flow. Tenant occupied - shown by appointment only. Serious buyers only- 48 Hour Notice Required Virtual tour and photos have been edited to remove tenant possessions All information is deemed reliable but is not guaranteed. Buyer ...

Listing Details MLS# 1346027

Location Tax Legal Info

House #
524
Street Name
Midlake
St Suffix
Drive
State/Province
TN
Zip Code
37918
PIN #
058KB012
Subdivision
Fountain City Co

Contract Info

Auction Y/N
No
Listing Price
314000

General Property Description

Type
Ranch
Acres
0.16
Acre Source
Other
Site Built
Yes
Restrictions
No
SqFt - Total (Aprox)
1200
SqFt - Main Lvl
1200
# Bedrooms
3
Baths - Full
2
# of Rooms
6
Fireplace
No
Property Status
N/A
HOA
No
Year Built
2021
Bonus Room
No
SqFt - Down Lvl
0
SqFt - 2nd Flr Lvl
0
SqFt - 3rd Flr Lvl
0
# Fireplace
0
Basement
No

Status Change Info

Status Change Date
2026-06-26

Location, Tax & Legal Info

Area
Knox County - 1
Property Sub-Type
Residential
City/County Code
City Limits
Total Tax
1868.71

Remarks & Misc

Directions
Cedar Ln to Pinehurst to right on Midlake to home on corner. Parking in rear
Public Remarks
Turnkey Cash-Flow Investment Property - Lease in Place Until Early Jan 1, 2027. This modern 3-bedroom, 2-bathroom home (built 2021) offers approximately 1,200 sq ft of comfortable living space. Excellent rental history with professional management Open floor plan with bright living area and updated kitchen Master suite with private bath Backyard with patio and ample driveway parking in the rear. Located in the desirable Fountain City area with easy access to I-75, shopping, dining, and downtown Knoxville. This property delivers immediate, predictable income with minimal vacancy risk. The existing lease automatically transfers to the new owner, making this a true turnkey investment opportunity. Perfect for investors seeking stable cash flow. Tenant occupied - shown by appointment only. Serious buyers only- 48 Hour Notice Required Virtual tour and photos have been edited to remove tenant possessions All information is deemed reliable but is not guaranteed. Buyer and Buyer's Agent are responsible for verifying all square footage, lot size, taxes, rental history, and any other material facts.

More Information

Atchd/Dtchd Type

Detached
Yes

Style

Traditional
Yes

Construction

Frame
Yes

Siding

Vinyl
Yes

Fireplace

None
Yes

Cooling

Ceiling Fan(s)
Yes
Central Cooling
Yes

Floors

Laminate
Yes

Garage/Parking

Off-Street Parking
Yes

Basement

Crawl Space
Yes

Lot Description

Corner Lot
Yes
Level
Yes

Fuel

Electric
Yes

Heat

Central
Yes

Appliances

Dishwasher
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes

Exterior Features

Deck
Yes

Misc Features

Washer/Dryer Connect
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

New Financing

Cash
Yes
Conventional
Yes

Property Features

Style: Traditional Construction: Frame Siding: Vinyl Basement: Crawl Space Lot Description: Corner Lot; Level Fireplace: None Floors: Laminate Fuel: Electric Heat: Central Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Microwave; Range; Refrigerator Sewer: Public Sewer Water: Public Misc Features: Washer/Dryer Connect Exterior Features: Deck New Financing: Cash; Conventional
IDX
Listing Office: United Real Estate Solutions
Last Updated: July - 29 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.