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Listed by Tushar Parbhu • TAP REALTY PLLC
$ 499,900
Est. payment | /mo
3,192 SqFt
$ 499,900
Est. payment | /mo
3,192 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,192 sqft
Price per Sqft $156
Subdivision Brush Hill
MLS Listing ID 3547156
HOA Y/N No
Year Built 1984
Annual Tax Amount $2,543
Lot Dimensions 164X153
Property Description
Fully occupied income generating QUADPLEX asset! $51,960 in annual rent income! 9.1% cap rate with the expenses mentioned below. Each unit is individually metered! Utilities are paid by tenant and trash is provided by the city. Great house hacking opportunity, live in one unit and rent the others out to pay the mortgage! Rents are as follows $1,200 ( expires 8/31/2027) , $1,025 ( expires 5/31/2027), $1,025 ( expires 12/30/26) , $1,080 ( expires 6/30/27).Property tax is $2,543 a year , insurance is $2,664 a year. Sellers had an inspector do a report last month and has fixed/updated the issues. Each unit has washer and dryer hook ups( tenants bring and maintain their own washer and dryers). Landlord provides refrigerator, stove/range, pest control ( seller pays $60 a month), landscaping ( $200 a month for 6 months of the year), and HVAC. HVAC ages are unknown however sellers fix and replace the units as needed. No major deferred maintenance as maintenance requests are promptly addressed. Metal roof (age unknown but is in great shape). DO NOT DISTURB TENANTS, SHOWINGS ALLOWED AFTER SIGNED CONTRACT RECEIVED AND APPROVED BY SELLERS. Seller is NOT entertaining seller financing. Buying agent to verify all information in this listing for accuracy. Agent/Broker has a personal interest in this property.
Location
State TN
County Sumner County
Zoning R-15
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Laminate, Luxury Vinyl
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Metal
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Vena Stuart Elementary
Middle Schools Rucker Stewart Middle
High Schools Gallatin Senior High School
Others
Senior Community false
Special Listing Condition Standard
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