Turnkey Short-term rental Duplex in North Knoxville
8.6 Cap rate on actual income and expenses for last 12 months.
Marketing description
AIRBNB DUPLEX - BOOKED, BUSY & 15 MIN TO COVENANT PARK, NEYLAND STADIUM & UTK
Exceptional income-producing property with an established, high-yield track record just outside the Knoxville city limits! This high-capacity property is an investor's dream, currently operating as a topperforming short-term rental powerhouse boasting a stellar 4.72-star rating across 54 reviews. Offering incredible versatility, this property is perfectly positioned for an investor looking to take over a turnkey STR operation (with transferable existing reservations), a mid/long-term furnished rental, or a spacious multigenerational estate.Technically a 5-bedroom, 4-bathroom footprint, the property is currently configured as a cash-flowing duplex split into two fully equipped units that seamlessly accommodate up to 17 guests across 9 beds. The interior features two full kitchens completely equipped for large-scale meal prep, two hot water heaters, and dual laundry connections (2 washer / 3 dryer connections). The main dining area seats 8, while the second unit offers a dining space for 6 with an additional 3-seat breakfast bar. For maximum operational flexibility and low overhead, utilities are already separately metered for both water and electricity with separate HVAC systems. Years of robust booking history highlight exactly why guests consistently rate this property 5 stars. Reviewers rave about the spacious, communal layout that gives large groups—such as UT football fans, bridal parties, family reunions, and traveling sports teams—plenty of room to spread out without feeling crowded. The outdoor living space is a massive guest favorite, featuring a peaceful screened-in porch perfect for morning coffee, multiple sitting areas, a BBQ patio, and a massive, private fenced backyard complete with a children's playset. Furthermore, parking is exceptionally abundant; the gravel pull-through driveway easily accommodates 7+ vehicles with plenty of overflow space for trailers or boats.
Investment highlights
- Well established, high-yield track record as a short-term rental just outside the Knoxville city limits with a 4.72-star rating across 54 reviews
- Turnkey STR operation with transferable existing reservations
- 8.6 Cap Rate
- Utilities are already separately metered for both water and electricity with separate HVAC systems
- 7+ parking spaces with plenty of overflow space for trailers or boats
- Excellent proximity to Univ of TN, Downtown Knoxville and Covenant Stadium
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