Looking for over an acre of land, conveniently located near downtown Knoxville, with potential for future income opportunities? Check out this fully updated, move-in-ready basement rancher just 5 minutes from the heart of Knoxville. Step into the spacious living room, featuring a cozy wood-burning fireplace. New windows throughout the home, paired with Hunter Douglas 2-inch faux wood blinds, let in plenty of natural light, including through a large picture window in the living room. Living area flows seamlessly into the formal dining area, perfect for meals and entertaining, conveniently located adjacent to the kitchen, separated by a charming butler-style door. The kitchen is equipped with brand-new stainless steel appliances, including a refrigerator, stove, built-in microwave, and dishwasher. Beautiful butcher block countertops, ample cabinet space, and a large pantry make this kitchen ideal for any home cook. Both the kitchen and the office/third bedroom boast new luxury vinyl tile (LVT) flooring, which is durable and easy to maintain. Bedrooms 1 and 2 feature hardwood floors and large walk-in closets. The third bedroom, currently used as an office, includes a closet and a laundry closet with LVT flooring. Ceiling fans in each bedroom and plentiful windows ensure comfort and natural light throughout the home. The bathroom offers a tiled shower, updated lighting, and a tiled floor, along with a closet for extra storage. Speaking of storage—there's plenty! In addition to the unfinished basement accessible from both the kitchen hall and the outdoors (featuring shelving and installed cabinets), the home offers attic storage, walk-in closets in two bedrooms, two large hallway closets, and a laundry closet (in the third bedroom). Plus, there's an Amish-built storage building in the fenced rear lot, perfect for mower storage and other equipment. Outside, on this expansive acre-plus lot, you'll find peace and tranquility in the city. Enjoy outdoor living spaces, surrounded by beautiful mature trees and a fire pit area. The large, fully fenced backyard is ideal for pets or as a play area. Additionally, privacy fencing lines both sides of the home. This is a prime location, just 5 minutes from downtown Knoxville, conveniently located off Clinton Highway in the Inskip community. With no subdivision restrictions and only city ordinances to consider, this property offers incredible potential for future income opportunities. Finish the basement with its own entry or easily add a detached garage apartment or tiny home in the backyard. Call today to schedule a showing.