3,156 SqFt
3,156 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,156 sqft
Price per Sqft $272
Subdivision Hortense Place
MLS Listing ID 3288626
HOA Y/N No
Year Built 1945
Annual Tax Amount $6,933
Lot Dimensions 57 X 140
Property Description
Income-producing quadplex in the highly desirable Sylvan Heights neighborhood with immediate upside potential. The property consists of four units with a strong rental history. All tenants are currently on month-to-month leases and have been long-term residents for 2–5 years, providing flexibility for an investor to continue operating as a rental or pursue redevelopment.
Current rents are below market, creating an opportunity to increase cash flow through rental adjustments or value-add improvements. Recent capital improvements include two new HVAC systems and some other appliances wtihin the past 24 months.
The property is zoned RS5 and currently has three utility meters. Buyers should verify redevelopment possibilities with Metro Codes to determine what may be built if the existing structure is removed.
Located just minutes from downtown Nashville with convenient access to restaurants, shopping, parks, and major thoroughfares.
Showings by accepted contract only. No low-ball offers, please. Not THAT motivated:)
Location
State TN
County Davidson County
Zoning RS5
Interior
Heating Central, Electric
Cooling Central Air, Electric, Gas, Wall/Window Unit(s)
Flooring Carpet, Wood
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
View Y/N true
View City
Roof Type Asphalt
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Stone,Vinyl Siding
New Construction false
Schools
Elementary Schools Sylvan Park Paideia Design Center
Middle Schools West End Middle School
High Schools Hillsboro Comp High School
Others
Senior Community false
Special Listing Condition Owner Agent
Nearby Locations