197 Wedgewood Lane Spring City, TN 37381
Listing Courtesy of: East Tennessee Realtors / Wallace Jennifer Scates Group / Jennifer Scates

  197 Wedgewood Lane Spring City, TN 37381

Active (2 Days)
$475,000

Description

Unique Investment Opportunity in the Heart of Spring City!

Discover the potential of this versatile property featuring 3 separate units on 1.5 private acres, just minutes from the heart of Spring City! Whether you're looking for rental income, a multi-generational family compound, or both, this property is full of possibilities.

Unit 1 offers 3,000 sq. ft. of living space, showcasing an open-concept main floor with new flooring, new shower, new staircase, new windows, and a new back door. The home is now equipped with central HVAC, adding year-round comfort. Upstairs you'll find 2 spacious bedrooms and a full bath. The downstairs level includes a bedroom, a bathroom, and two additional rooms perfect for game rooms, offices, or storage. The lower level is ready for your finishing touches — with some materials already on-site — and opens to a fenced backyard.

Unit 2, an attached efficiency or mother-in-law suite with its own separate address, features a full bath with new vanity, toilet, and windows, providing a private, self-contained living space ideal for guests or additional rental income.

Unit 3 is a detached home with two bedrooms, one full bath, an open-concept living room, kitchen, and dining area, plus a full walkout basement. Updates include new windows, giving it a fresh and inviting feel.

Tucked away yet conveniently located, these homes offer privacy, flexibility, and potential. Perfect as income-producing rentals, a family retreat, or a combination of both — this property is truly one of a kind!

Don't miss your chance to make this unique property yours. Call today to schedule your showing!

MLS #:
1307644
Taxes
$992
Type
Multifamily
Year Built
1982
County
Rhea County

Listed By

Jennifer Scates, Wallace Jennifer Scates Group
Source
East Tennessee Realtors
Last checked Jul 10 2025 at 9:21 AM GMT+0000
Bathroom Details
Interior Features
  • Interior Features : Walk-In Closet(s)
  • Interior Features : Kitchen Island
  • Interior Features : Pantry
  • Appliances : Range
  • Appliances : Refrigerator
Heating and Cooling
  • Central
  • Natural Gas
  • Electric
  • Central Cooling
Flooring
  • Laminate
  • Carpet
  • Tile
Exterior Features
  • Roof: Metal
School Information
  • Elementary School: Spring City
  • Middle School: Spring City
  • High School: Rhea County
Parking
  • On Premise Parking
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Wallace and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 East Tennessee Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/10/25 02:21