605 S Lake Drive A, Oneida, TN 37841

$580,000

Property Type: Multi-Family Square Footage: 7,576 Lot Size (sq. ft.): 159,865 Status: Active

Current Price: $580,000 List Date: 12/05/2025 Last Modified: 6/10/2026

Overview

Description

Now this is something special! Come see what opportunity looks like in Oneida, TN—close to the golf course and airport. There are endless possibilities here! Imagine your own gigantic family facility, equipped with four efficiency apartments, two one-bedroom apartments, and a three-bedroom, two-bath main house. This could be your income-producing home base! All of this on 3.6 Acres, so there's lots of room for everyone to spread out and enjoy being on the Lake! The list of awesome features here could go on and on, but don't wait - call today for your personal showing! Attention INVESTORS! This could be a cash cow! With six rental units already in place, converting the main house into additional units would be easy, and overnight rentals would pose no problem. opportunity to be creative! Gross income projections as long-term rental $65,000-$84,000 per year, as STR $75,000-$100,000! Whatever your heart's desire, this is an amazing opportunity! Priced below tax appraisal! Call T ... (Read more)

Listing Details MLS# 1323587

Location Tax Legal Info

House #: 605
St Dir: S
Street Name: Lake
St Suffix: Drive
State/Province: TN
Zip Code: 37841
PIN #: 061L B 008.00
Subdivision: Ponderosa Estates

Contract Info

Auction Y/N: No
Listing Price: 580000

General Property Description

SqFt - Total (Aprox): 7576
Lot Dimensions: IRR
Lot Size SqFt: 159865
Number of Units: 7
# Units Leased: 6
Utilities/Mo Avg: 900
Year Built: 1967
Property Status: N/A
Driveway: Paved

Status Change Info

Status Change Date: 2025-12-05

Location, Tax & Legal Info

Unit #: A
Area: Scott County - 36
City/County Code: City Limits
Total Tax: 5233.29

Remarks & Misc

Directions: 63 West to Hwy 27 North-Right to Underpass Drive-Right at the three way stop-Go straight into Ponderosa Est.-Turn left at 605 South Lake Drive-the house shares a drive with other house---go to the last house.
Public Remarks: Now this is something special! Come see what opportunity looks like in Oneida, TN—close to the golf course and airport. There are endless possibilities here! Imagine your own gigantic family facility, equipped with four efficiency apartments, two one-bedroom apartments, and a three-bedroom, two-bath main house. This could be your income-producing home base! All of this on 3.6 Acres, so there's lots of room for everyone to spread out and enjoy being on the Lake! The list of awesome features here could go on and on, but don't wait - call today for your personal showing! Attention INVESTORS! This could be a cash cow! With six rental units already in place, converting the main house into additional units would be easy, and overnight rentals would pose no problem. opportunity to be creative! Gross income projections as long-term rental $65,000-$84,000 per year, as STR $75,000-$100,000! Whatever your heart's desire, this is an amazing opportunity! Priced below tax appraisal! Call Today for your personal showing

More Information

Property Sub-Type

House Converted: Yes

Construction

Block: Yes
Frame: Yes

Type of Units

1 Bedroom Unit: Yes
2 Bedroom Unit: Yes
3 or more Bdrm Units: Yes
Unfurnished: Yes

Siding

Other: Yes

Sale Includes

Building and Land: Yes

Cooling

Central Cooling: Yes

Floors

Hardwood: Yes
Laminate: Yes
Tile: Yes

Garage/Parking

Garage Spaces: 1
Off-Street Parking: Yes
On Premise Parking: Yes

Tenant Expenses

Tenant Pays No Util: Yes

Owner Expenses

Common Area Maintenance: Yes
Electricity: Yes
Exterior Maintenance: Yes
Insurance: Yes
Roof Maintenance: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes

Fuel

Electric: Yes
Gas (Natural): Yes

Heat

Central: Yes

Appliances

Refrigerator: Yes

Other Rooms

Addl Living Quarter: Yes
Mstr Bdrm Main Level: Yes

Roof

Shingle: Yes

Exterior Features

Balcony: Yes

New Financing

Cash: Yes
Conventional: Yes

Showing

See Agent Instructns: Yes

Property Features

Property Sub-Type: House Converted Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; 3 or more Bdrm Units; Unfurnished Sale Includes: Building and Land Floors: Hardwood; Laminate; Tile Tenant Expenses: Tenant Pays No Util Owner Expenses: Common Area Maintenance; Electricity; Exterior Maintenance; Insurance; Roof Maintenance; Sewer; Taxes; Trash Collection Fuel: Electric; Gas (Natural) Heat: Central Cooling: Central Cooling Appliances: Refrigerator Construction: Block; Frame Roof: Shingle Siding: Other Exterior Features: Balcony Other Rooms: Addl Living Quarter; Mstr Bdrm Main Level New Financing: Cash; Conventional Showing: See Agent Instructns

IDX

Listing Office: Honors Real Estate Services LLC

Last Updated: June - 10 - 2026

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