Welcome to your next savvy investment!

This meticulously maintained multi-family quadplex offers a rare chance to own a lucrative piece of real estate in the heart of Fayetteville. With its excellent location, well-designed units and strong rental history, this property is a dream come true for investors seeking both stability and growth potential. Wit h all units currently leased, this quadplex presents an attractive income opportunity for investors.

Th strong rental history and high demand for housing in the area ensure consistent cash flow and a solid return on investment. For investors looking to maximize returns, there's potential to enhance the property's value through strategic renovations or updates to increase rental income. Don't miss out on this exceptional investment opportunity. Whether you're a seasoned investor or starting out, this quadplex offers the perfect combination of stability, income potential and growth.

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on 304 Washington St E
in Fayetteville, TN
Presented by Melissa Pendergrass Burt at
Burt & Co. Southern Real Estate.


Property MLS #2624465 from RealTracs

+ Reveal additional info including schools and tax history

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+ Interior Features

Flooring: Laminate, Vinyl

+ Garage and Parking

Garage Spaces: 1
Garage Description: UNASG
Parking Features: UNASG

+ Land Info

Lot Size Acres: 0.1825069
Lot Size Square Feet: 7950

+ School Information

Elementary School: Ralph Askins School
High School: Fayetteville High School
Middle School: Fayetteville Middle School
+ Display Complete School Details

Ralph Askins School is a public elementary school located approximately 1.1 miles away.
Map directions

Fayetteville Junior High School is a public high school located approximately 1.2 miles away.
Map directions

Heritage Baptist Academy is a private elementary, middle and high school located approximately 0.9 miles away.
Map directions

Fayetteville Middle School is a public elementary and middle school located approximately 1.2 miles away.
Map directions

+ Multi-Unit Info

Number of Units: 4
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Unit 1 Total Actual Rent: 700
Unit 2 Total Actual Rent: 650
Unit 3 Total Actual Rent: 650
Unit 4 Total Actual Rent: 650

+ Other Property Info

Annual Tax Amount: 1759
Source Listing Status: Active
County: Lincoln County, TN
Directions: From Fayetteville square, turn right onto Washington St E, 900 ft destination is on your left.
Source Property Type: Multi-Family
Source Neighborhood: metes/bounds
Subdivision: metes/bounds
Zoning: RES
Property Subtype: Quadplex
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2021	$unknown + $unknown $33,680	$1,027
2020	$unknown + $unknown $33,680	$1,213
2019	$unknown + $unknown $35,720	$1,287
2018	$unknown + $unknown $33,400	$1,379
2017	$unknown + $unknown $33,400	$1,333
2016	$unknown + $unknown $33,400	$1,333
2015	$unknown + $unknown $33,400	$1,333
2014	$unknown + $unknown $33,120	$1,195
2013	$unknown + $unknown $33,120	$1,195
2012	$unknown + $unknown $30,840	$1,021
2011	$unknown + $unknown $30,840	$960
2010	$unknown + $unknown $30,840	$960
2009	$unknown + $unknown $30,840	$960
2008	$unknown + $unknown $30,840	$960
2007	$unknown + $unknown $30,840	$960

+ Reveal Property Sale History

Listed 2024-02-29
$295,000
RealTracs

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Sold 2018-12-07
$82,100
Public Record

+ Building and Construction

Total Square Feet Living: 2874
Year Built: 1900
Construction Materials: Vinyl Siding
Living Area Source: Tax Record
Property Age: 124
Levels or Stories: 2.00
Total Area Main: 2874
Year Built Details: Historic

+ Utilities

Gas: TENAN
Sewer: PUSEW
Water Source: City Water