UPDATED:
Key Details
Property Type Multi-Family
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,024 sqft
Price per Sqft $297
Subdivision Goodwin
MLS Listing ID 2986863
HOA Y/N No
Year Built 1983
Annual Tax Amount $4,130
Lot Dimensions 100 X 300
Property Description
At the current performance, the property delivers a solid 5% CAP RATE. Rent for three of the four units are under market. With some light updates for three of the units, investors can unlock a minimum of 7% CAP RATE. This all brick turn-key investment opportunity is unique in balance of stability and upside making the asset an ideal addition for both seasoned investors and those seeking their first Nashville rental portfolio.
East Nashville continues to experience strong appreciation fueled by population growth, limited housing supply, and ongoing infrastructure improvements. With immediate income, simple value-add potential, and long-term market growth, this offering represents a rare turnkey opportunity in one of Nashville's hottest rental corridors.
This one will go fast!!
Please call listing agent, Annie Saber 615-988-0657 for more info. Do not bother tenants.
Location
State TN
County Davidson County
Zoning RES
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Laminate, Vinyl
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Asphalt
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Hattie Cotton Elementary
Middle Schools Gra-Mar Middle School
High Schools Maplewood Comp High School
Others
Senior Community false
Special Listing Condition Standard
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Jenn McMillion
Team Lead | TN Broker | KY Affiliate Broker | SRS® | MRP® | CRS® | ABR® | License ID: TN: 343054 KY: 247503
Team Lead | TN Broker | KY Affiliate Broker | SRS® | MRP® | CRS® | ABR® License ID: TN: 343054 KY: 247503