$470,000

3720 Spruce Ridge Way 2211, Knoxville, TN 37920

4 beds |
4 baths |
1,510 sqft

Condominium
Built in 2006
—— sqft lot
—— car garage
$311/sqft
Listed 2 months ago

Property Description

Nestled in the sought-after Woodlands of Knoxville community, this spacious 4-bedroom, 4-bathroom garden layout home offers a fantastic investment opportunity. Fully leased through July 31, 2026, this property generates a reliable monthly income of $2,850. With three tenants paying $720 per month and one tenant paying $690 per month, you'll enjoy a consistent cash flow for years to come. Each bedroom in this well-designed layout features its own private bathroom, ensuring maximum privacy and comfort for the tenants. The property boasts a peaceful, serene atmosphere, with a charming back deck that overlooks a lush wooded area—providing a perfect retreat for tenants to relax and enjoy nature. The Woodlands of Knoxville is known for its top-tier amenities, including a clubhouse, pool, fitness center, and more, making it an appealing spot for student housing or young professionals. Its prime location near the University of Tennessee adds to the property's value and desirability. This is a great opportunity to invest in a well-maintained, income-generating home with a tranquil setting. Schedule your showing today!

Listing Status:: Active
Date Added:: September 1, 2025 at 05:00AM
Listing Office:: CENTURY 21 Legacy : 865-984-2121
MLS ID:: 1313887

General: PantryWalk-In Closet(s)
Appliances: DishwasherMicrowaveRangeRefrigeratorSelf Cleaning OvenWasherDryer
Basement: None
Flooring: CarpetLaminateTile
A/C: Central Air
Heating: CentralElectric
Fireplace: Fireplaces: 0

General: Prof LandscapedTennis Court(s)Windows - VinylBalconyGazebo
Style: Other
Other Structures: Gazebo
Pool: In Ground
Parking: Common

General: BlockFrameBrickShingle SidingWood Siding

HOA Amenities: Tennis Court(s)ClubhouseSecurityPoolAssociation InsBuilding ExteriorGrounds MaintenancePest ControlTrashSecurityAll AmenitiesFire ProtectionOther369.0Monthly
Golf: Sidewalks
Originating MLS: East Tennessee REALTORS® MLS
County: Knox County - 1

Zoning: 108MB00106G
View: Wooded

Water: Public
Sewer: Public Sewer

Source: East Tennessee REALTORS® MLS

This listing courtesy of CENTURY 21 Legacy

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Ft Sanders Education Development Center

501 21st St SW, Knoxville, TN, 37916

Grades 2-2

1.46 miles away

South-Doyle Middle School

3900 Decatur Dr, Knoxville, TN, 37920

Grades 6-8

1.95 miles away

L N STEM Academy

401 Henley St, Knoxville, TN, 37902

Grades 9-12

1.86 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.