$240,000
$274,900
12.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
1,381 SqFt
SOLD DATE : 09/06/2023
Key Details
Sold Price $240,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,381 sqft
Price per Sqft $173
MLS Listing ID 700803
Bedrooms 2
Full Baths 1
Year Built 1932
Annual Tax Amount $779
Lot Size 10,890 Sqft
Property Sub-Type Single Family Residence
Property Description
If you bought a building any closer to Carson-Newman University, then you would have to buy the school. A hop, skip, and a jump and you're in a classroom. Why is this important? Because if you're looking for a place that you can rent out, with a guaranteed renter base, then this fits the bill. If you have a son or daughter attending Carson- Newman and don't want to throw away money renting a place for four years, then do what many other parents have done, buy a place, have your children stay in it, and then either sell it or rent it out to the next generation of students once your children graduate. Or, if you simply want a place to call home, with conveniences close by, then this is the place for you. You can walk to various churches, Food City, the community swimming pool, and restaurants. Within a 5-minute drive there is Jefferson Memorial Hospital, Walmart, Lowe's, and a bunch more businesses. And by having a center of academia so close by, theater plays, band performances, athletic events, including college football games, are also a step away.
According to UNIVSTATS there were 2,835 students, including 1,695 undergraduate and 1,140 graduate students at Carson-Newman University for the academic year 2021-2022. So, as a property that you can rent out, being this close to campus is a no-brainer. You will not run out of a steady stream of students, and their parents, looking for a place to rent. And the university is growing and expanding. This fall a 48,000 sq ft health sciences building will open, bringing in even more students.
The home is easy to manage. Two bedrooms and one bath. 1,381 square feet. City water, sewer, and trash pickup are services provided by the city for this house. A good selling feature for students, high-speed fiber internet is on site. There is plenty of parking on street or off street behind the house. There is a detached one-car garage with a garage door opener. As a buyer, improvements for you to note: The heat pump is four years old. The roof is four years old. The appliances are four years old. The water heater is three years old. The shower is one year old. The front door, storm door, and rear door are also four years old. The home was built in 1932, so a bit of TLC is always welcome. Some paint. Some touches. But, the location, and the major improvements already made, make this a first day property you can turn into a steady revenue stream.
Location
State TN
County Jefferson
Interior
Heating Heat Pump
Cooling Heat Pump
Fireplaces Type Metal
Exterior
Exterior Feature Private Yard, Rain Gutters, Storage
Parking Features Additional Parking, Concrete, Covered, Detached, Garage, Garage Door Opener, Lighted, Off Street, On Site, On Street
Garage Spaces 1.0
Community Features Curbs, Park, Sidewalks, Street Lights, Other
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Fiber Internet
Amenities Available Laundry
Building
Lot Description Back Yard, City Lot, Corner Lot, Front Yard
Foundation Block
Structure Type Block,Vinyl Siding
New Construction No
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION

Agent | License ID: 354366
308 N PETERS RD. STE 225, KNOXVILLE, TN, 37922, United States






