The Theodore
Single Family
4
2.5
1991
Sqft
2023
$286,605
Purchase Price
$2,020
Rent / Mo
0%
Refinance Candidate
Property Leverage
565 Cliff Street, Morristown, TN 37814
About
The Theodore is a brand new 4 bedroom, 2.5 bathroom home in Morristown, TN. This brand new build offers plenty of natural light throughout, with plenty of windows and laminate hardwood floors to keep things light and airy throughout the main floor. An updated kitchen with all white cabinets includes a walk-in pantry for the convenience of extra storage. Residents will experience the comfort of carpeted bedrooms throughout the upstairs. Perfect for outdoor entertaining, this home has a spacious backyard and paved patio. This home is conveniently equipped with a long driveway and two-car garage.
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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$339,220
Invested
100%
Funded
784
Investors