2 Beds
1 Bath
989 SqFt
2 Beds
1 Bath
989 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 989 sqft
Price per Sqft $126
Subdivision Lincoln Addn
MLS Listing ID 2925885
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 2024
Annual Tax Amount $296
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 29 X 72
Property Sub-Type Single Family Residence
Property Description
An excellent investment opportunity, this SFH allows you to live in one room while renting out the other (potential rental income of $700/month)—helping offset mortgage costs and build equity faster, making this property ideal for first-time buyers, downsizers, or investors looking for a smart financial move. Enjoy the benefits of homeownership with additional rental income.
Investors - a longterm rental of $1,000/month is obtainable, giving this SFH a gross CAP rate of almost 10%, and is very close to the 1% investment rule. This also has the chance to be a packaged deal with 1202 McDonald St. (MLS - 2925895) boasting an even better gross CAP Rate over 11%, with a brand new, long term rental use investment.
Location
State TN
County Lincoln County
Rooms
Main Level Bedrooms 2
Interior
Interior Features Ceiling Fan(s), Extra Closets, Open Floorplan, High Speed Internet
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Laminate
Fireplace N
Appliance Electric Oven, Electric Range
Exterior
Utilities Available Electricity Available, Water Available
View Y/N false
Roof Type Asphalt
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction true
Schools
Elementary Schools Ralph Askins School
Middle Schools Fayetteville Middle School
High Schools Fayetteville High School
Others
Senior Community false
Special Listing Condition Standard
Our expert Team is here to help you buy, sell or invest with confidence throughout Middle TN, Sevierville/Pigeon Forge/Gatlinburg, Florida 30A, and North Alabama.
1033 Demonbreun St Suite 300, Nashville, TN, 37203, USA