NASHVILLE, Tenn. (WTVF) — The lack of reasonably priced rentals has spurred some property owners to turn sheds into apartments in their backyards.
In East Nashville on Chicamauga Avenue, a lose was outlined on Zillow to lease for $1,000 a month. Though there are a good deal of individuals on social media boosting their eyebrows about it, renters like Sorell Beck claimed he’d are living in it for the suitable value.
“For that rate most likely not,” Beck reported.
The get rid of is now off the current market. Metro Codes has opened a situation to investigate it. NewsChannel 5 messaged the assets proprietor on Zillow about the shed but did not hear back again.
Beck moved to Tennessee from St. Louis three months back and acquired a roommate. He is unsatisfied at The Canvas apartment elaborate.
“I get right here and I’m having to pay $1,700 for a rehabbed area 8 setting up,” Beck reported. “It’s crazy.”
At Apartment Insiders, Joel Sanders explained the common just one-bedroom in Davidson County is around $1,600 a thirty day period.
“I think Nashville requirements all the housing it can get,” Sanders explained.
He could see why some renters would reside in a renovated get rid of. Sanders stated,
“Studios, which I think evaluate to that $1,000 for 300 square foot unit, the normal rental for people is correct all-around $1,300, so that kind of shows what good of a worth that could possibly be.”
In Davidson County, he stated the typical hire for a two-bedroom is $1,816. If it is really a two-bedroom in downtown or Midtown, the normal month to month rent is $2,693.
“The far more housing which is available, that allows slow down the rental fee growth,” Sanders mentioned.
As for Sorell, he’s trying to keep his eyes open for one more apartment.
“I was expecting it to be terrible, I was not anticipating it to be like this,” Beck stated.