THIS PROPERTY IS NOW SOLD.
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.
ADDITIONAL PHOTOS AND DETAILED INFORMATION CAN BE VIEWED AT ZILLOW.COM