$715,000
$749,900
4.7%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3 Baths
2,405 SqFt
SOLD DATE : 04/02/2024
Key Details
Sold Price $715,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,405 sqft
Price per Sqft $297
MLS Listing ID 2609982
Sold Date 04/02/24
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1960
Annual Tax Amount $2,310
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 115.1 X124.9
Property Description
Here is your chance to own a turnkey short term rental located directly on Tims Ford Lake that has breathtaking views of the lake and sunset! This fully renovated lake home boasted a gross revenue of $33k and an occupancy rate of 68% in only 6 months from July-Dec 2023. It didn't go live until the end of June so this is extremely impressive. Our data estimates this property to have a gross revenue of $75k and a 70% occupancy rate for 2024. This is a proven short term rental that is being sold as fully furnished, decorated and stocked . It's already under management by Freedom Property Management to make this truly passive income for you. The home also has plenty of amenities including a dock , Sonos speakers, hot tub, fire pit, and plenty more. These items have helped the property receive nothing but 5 star reviews since hitting the STR market. Rather, you are looking for your next great investment or looking for a turnkey vacation home that pays for itself then look no further!
Location
State TN
County Franklin County
Rooms
Main Level Bedrooms 4
Interior
Interior Features Ceiling Fan(s), Extra Closets, Hot Tub, High Speed Internet
Heating Central, Dual, Heat Pump, Natural Gas
Cooling Central Air, Electric
Flooring Finished Wood, Vinyl
Fireplaces Number 1
Fireplace Y
Exterior
Exterior Feature Dock
Utilities Available Electricity Available, Water Available
Waterfront true
View Y/N true
View Lake, Water
Roof Type Asphalt
Parking Type Attached, Driveway, Paved
Private Pool false
Building
Lot Description Level
Story 1
Sewer Public Sewer
Water Private
Structure Type Brick
New Construction false
Schools
Elementary Schools Clark Memorial School
Middle Schools North Middle School
High Schools Franklin Co High School
Others
Senior Community false
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