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Listed by Edward Klem • Coldwell Banker Southern Realty
$ 390,000
Est. payment | /mo
1,612 SqFt
$ 390,000
Est. payment | /mo
1,612 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,612 sqft
Price per Sqft $241
Subdivision Bailey
MLS Listing ID 3173146
HOA Y/N No
Year Built 1983
Annual Tax Amount $3,522
Lot Dimensions 49 X 156
Property Description
One of 5 duplex units creating 10 full units completely rented and always rented. This is investors dream with instant revenue stream. Currently posting a NOI over $133k per year and that will only increase. Some rents under market and 2 units increasing rent by $248 per month. All of this with super low expenses as all units on separate utility meters. All units are 2-bedroom 1 bath units and recently remodeled as well. Each unit features a wood burning fireplace and believe it or not, washer and dryer inside the unit as well. Great setup to properties as occupants have either a downstairs patio or second floor deck. Owner recently replaced roofs plus finished other repairs and updates for this sale. Less than 8 miles from downtown, 3 miles to Opry Mall and just seconds to new shopping district.
Location
State TN
County Davidson County
Zoning Res
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Shingle
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
New Construction false
Schools
Elementary Schools Stratton Elementary
Middle Schools Madison Middle
High Schools Hunters Lane Comp High School
Others
Senior Community false
Special Listing Condition Standard
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