TN
Campbell County - 37
LaFollette
37766
174 Lance Lane
174 Lance Lane, LaFollette, TN 37766
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Listing Type
Single Family
Listing Status
Active
23
$699,999

Home Details for 174 Lance Lane

Price
$699,999
Type
Residential
Bedrooms
6
Bathrooms
8.0
Square feet
4689
Year built
1989
Lot size acres
2
County
Campbell County - 37
Total rooms
12
Garage
1
Basement
Crawl Space, Partially Finished, Walk-Out Access
Days on site
14
MLS Listing#
1293086
Property Description

Looking for an income-generating property? Look no further for countless opportunities for revenue! This home can be an expansive single-family home that affords ample space & setup for a multigenerational family OR, with a few minor modifications, this can be a primary residence with up to 4 separate units to lease or use as short-term rental income. Opportunities galore! No need to worry about overpaying—there is an appraisal on file. Cash in your chips for instant equity; this home is priced at $50,000 below appraisal value; see appraisal on file. Discover the perfect blend of tranquility & generational wealth in this remarkable home tucked neatly away in the beautiful Cumberland Mountains. Nestled in Campbell County, just north of Knoxville, La Follette is a charming town where breathtaking mountain views meet a close-knit community. Once a thriving coal and iron hub, its history is steeped in resilience and hard work. What truly sets La Follette apart is its people—friendly, proud, and always ready to lend a helping hand. Here, neighbors support one another, and traditions run deep, creating an unparalleled sense of belonging. There are endless things to do, with stunning Norris Lake just 10 minutes away, the Tiki Club, ample parks like Lonas Young, Dr. Lee J. Seargeant, and Freeman parks, Chapman Hill Winery, and expansive trail rides like Royal Blue, Tackett Creek, Winrock & many more! This property features three primary suites, two on the main level, over 5,000 square feet of living space & multiple separate living areas, offering limitless potential. This dream home provides ample space for entertaining. Imagine the possibilities: with a few modifications, you can convert this home into a triplex or quadplex, maximizing rental income potential. With the ability to accommodate up to 4 units, the projected ROI is an impressive 10%, making it a fantastic investment opportunity. Enjoy serene moments on the back screened porch overlooking 2 wooded acres, unwind by the luxurious saltwater pool, hot tub, & pool house complete with a full kitchen & bathroom, or spend a relaxing evening by the firepit. Stargaze from the front porch. The studio apartment over the detached garage is ready for your first tenant or short-term guest today! Additional features include a brand-new roof with a transferable warranty, extensive storage, a bonus workshop under the pool house, & a charming playhouse. La Follette offers the perfect balance of small-town charm and modern conveniences, with just a 45-minute commute to downtown Knoxville. Don't miss out on this incredible investment & lifestyle opportunity. Come see all this property has to offer!

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Property Features
  • House Interior
    • Walk-In Closet(s)
    • Cathedral Ceiling(s)
    • Kitchen Island
    • Pantry
    • Breakfast Bar
    • Eat-in Kitchen
  • Cooling Information
    • Central Air
    • Ceiling Fan(s)
    • Wall Unit(s)
  • Parking
    • Garage Door Opener
    • Detached
    • RV Access/Parking
  • Basement
    • Crawl Space
    • Partially Finished
    • Walk-Out Access
  • Heating Information
    • Central
    • Electric
  • Water Features
    • Public
  • Fire Place
    • Electric
Listing Courtesy: Keller Williams Realty - 865-694-5904
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EXIT REALTY PROS
9821 Cogdill Rd. Suite 1A, Knoxville, TN 37932
Office
865 383 3948
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