The Eastwood
Single Family
5
3
2511
Sqft
2023
$318,285
Purchase Price
$2,395
Rent / Mo
0%
Refinance Candidate
Property Leverage
516 Cliff Street, Morristown, TN 37814
About
The Eastwood is a five-bedroom, three-bathroom home in the greater Knoxville region in Morristown, Tennessee. Built in 2023, The Eastwood features a flexible floorplan with a bedroom, flexible space, and open floor plan living spaces on the first story, a primary suite, additional bedrooms, and a loft space on the second story. Nestled in historic Morristown, residents enjoy a slower pace of life and a thriving small business community.
Tenant Leasing Process
The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.
Rented
Rental Status
This property is eligible to start receiving dividends after its first lease is signed.
The Market
Knoxville, TN
Located east of Nashville in the foothills of Great Smokey Mountains National Park, Knoxville is the state’s third largest city and home to the University of Tennessee. The city is situated at the crossroads of three major interstates (I-75, I-40 and I-81) and is known for its many natural areas, attractions, museums. Knoxville has an up-and-coming culinary scene, a beautifully renovated downtown, and is host to several large national and regional company headquarters such as Regal Cinemas, Pilot Flying J, and Scripps Network Interactive.
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$374,740
Invested
100%
Funded
1,032
Investors