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.
Sold for $240,000 on 09/06/23
$240,000
1525 George Ave, Jefferson City, TN 37760
2beds
1,381sqft
Single Family Residence, Residential
Built in 1932
0.25 Acres Lot
$245,000 Zestimate®
$174/sqft
$1,206 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 27, 2024 at 04:05am
Listed by:
Felix Valdes 865-471-8222,
Cherokee Lake Realty
Bought with:
Felix Valdes, 314535
Cherokee Lake Realty
Source: Lakeway Area AOR,MLS#: 700803
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Bedroom 2
- Level: Main
Bathroom 1
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Main
Living room
- Level: Main
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dryer, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer
- Laundry: Main Level
Features
- Ceiling Fan(s), Natural Woodwork, Walk-In Closet(s)
- Flooring: Laminate, Linoleum
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Metal
Interior area
- Total interior livable area: 1,381 sqft
- Finished area above ground: 1,381
- Finished area below ground: 0
Property
Parking
- Total spaces: 5
- Parking features: Additional Parking, Concrete, Covered, Detached, Garage, Garage Door Opener, Lighted, Off Street, On Site, On Street
- Garage spaces: 1
- Covered spaces: 2
- Uncovered spaces: 3
- Details: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Front Porch
- Exterior features: Private Yard, Rain Gutters, Storage
- Pool features: None
- Fencing: None
- Has view: Yes
Lot
- Size: 0.25 Acres
- Features: Back Yard, City Lot, Corner Lot, Front Yard
Details
- Additional structures: Garage(s)
- Parcel number: 012.00
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Block, Vinyl Siding
- Foundation: Block
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1932
- Major remodel year: 1932
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Fiber Internet
Community & neighborhood
Community
- Community features: Curbs, Park, Sidewalks, Street Lights, Other
Location
- Region: Jefferson City
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
- Road surface type: Concrete, Paved