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Listed by Joey Williamson • Keller Williams Realty
$550,000
Est. payment /mo
2,440 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,440 sqft
Price per Sqft $225
MLS Listing ID 2768121
HOA Y/N No
Year Built 1940
Annual Tax Amount $1,828
Lot Dimensions .53
Property Description
Welcome to the healthiest multi-family investment you have scrolled upon this year, $60,000 in gross revenue in 2023! On track for $40K this year and that is with vacancies for repairs and remodels. The top two units (1 & 2) are successful AirBnB's and the bottom two (3 & 4) are Long Term Rental properties that are leading the way in local value with location and amenities. With 86.2% occupancy rate for Unit 1 and 97.6% for Unit 2; this property has a strong track record for competitiveness in the area. Unit 3 & 4 are actively being marketed for rent and with brand new flooring, paint, and is 100% turnkey. The land is already zoned for R-2 and with .25 acre of bare land and plenty of road frontage: this land is ready to divide and build to the rear! Did we mention that it has an Assumable (VA) 2.75% interest rate?! Call and ask for the proforma and details of the rate! Say hello to your first/best investment of 2025.
Location
State TN
County Montgomery County
Zoning R-2
Interior
Heating Other
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Asphalt
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Schools
Elementary Schools Barksdale Elementary
Middle Schools Richview Middle
High Schools Clarksville High
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Leigh Ann Parkinson
REALTOR® Agent ABR® SRS® | License ID: 357037
REALTOR® Agent ABR® SRS® License ID: 357037