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Listed by Edward Klem • Coldwell Banker Southern Realty
$ 1,950,000
Est. payment | /mo
1,615 SqFt
$ 1,950,000
Est. payment | /mo
1,615 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,615 sqft
Price per Sqft $1,207
MLS Listing ID 3173164
Year Built 1983
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Mixed Use
Property Description
This once in a lifetime offerings is for 10 units covering over 3 buildings. All units are currently rented and have been renovated. Also new roofs recently done and each unit has separate utility meters to lower owner cost. Super upside exists to increase rents plus 2 units currently approved via VA/VASH housing program increasing rents to $1550.00. Excellent location with close proximity to major highways, approximately 7 miles to downtown Nashville, Vanderbilt Medical and so much more. New shopping center coming to Madison as well. First floor residents have covered porch while second floor residents have outside deck. Plenty of parking and exception yard space as well. Make up each building will be 4 per building and 2 units in one other building. Each unit has wood burning fireplace, spacious kitchen and inside laundry hookups, also a very rare feature for units in the area. 5 seperate property id's means you can sell of each duplex if desired at a later time but this property is generating excellent returns with only more to come in the future.
Location
State TN
County Davidson County
Zoning RES
Interior
Fireplace N
Others
Special Listing Condition Standard
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