1858 Falling Waters Rd FANTASTIC WEST KNOXVILLE LOCATION! Welcome to this spacious and versatile home in the heart of WEST KNOXVILLE, offering a unique opportunity for homeowners or investors. The COVERED FRONT PORCH welcomes you home. This property features a FULLY FINISHED AND EQUIPPED basement apartment/separate living quarters or even use it as an AIRBNB. It features 2 bedrooms & a full bath. Consider the possibilities-----rent out the basement and offset your mortgage payment. The walkout basement has a PRIVATE ENTRANCE WITH ZERO STAIRS. The new owner could also consider using it as a private space for a college student, travelling nurse, multi-generational living space or even a space for travelling family members/visitors to have their own private space. Boasting over 3, 800 square feet this home offers flexibility with 5 BEDROOMS, a large BONUS ROOM; just off the kitchen is a large DECK perfect for entertaining and grilling while overlooking the SPACIOUS BACK YARD for all kinds of outdoor activities. The layout includes: formal LIVING ROOM; formal DINING ROOM; DEN with FIREPLACE; BREAKFAST NOOK and TWO GARAGES! There's an oversized two-car garage (that will ACTUALLY FIT TWO FULL SIZED CARS) on the MAIN and a one-car garage on the lower level, ideal for storage or workshop needs. Let's talk STORAGE! This home will have you blown away by the INCREDIBLE AMOUNT OF STORAGE! Recent UPDATES include: GRANITE TOPS in the kitchen with breakfast bar and STAINLESS STEEL appliances (2024); NEW CARPET (2024); GAS WATER HEATER (2024); NEW 6' gutters installed (2024); and a fresh coat of PAINT. PRICED $50, 000 BELOW THE RECENT APPRAISAL (attached in the documents). Based upon this appraisal, YOU'LL BE WALKING IN TO INSTANT EQUITY making it an exceptional investment. This one-owner home has COUNTY TAXES ONLY and NO HOA fees make this home even more welcoming. Whether you're looking for a spacious home or a smart investment, this property has it all! Don't miss out on this rare find in a prime West Knoxville location.