$594,999 Price Analysis    ♡   Madison, TN 37115 4 bed 4 bath 2,046 SqFt ($290/SqFt) 7,998SqFt lot. Built 1982 Listed 2024-04-11, Taxes $2,529 | Ⓧ USDA Ineligible due to location near Nashville |
SVN Accel Commercial Real Estate is pleased to present a rare Investment opportunity to own Three 4 units in Nashville.
4 Unit building is part of a 12 unit portfolio. Prefer to sell 5144 and 5152 Linbar Dr (MLS #2640792) and (MLS #2640794) together as 8 units. 209 E Webster is included in the portfolio and can be sold separately. Commercially Zoned OR20. Building has been professionally maintained and managed by a local property manager. Units are all 1 bed 1 bath, separate utilities, tenants pay all utilities.
10yr old metal roof, newer LVP flooring, new paint, water heaters, designated parking spaces in the back. Window AC units for cooling, baseboard heating. Market rent is $975 / unit, currently blow market. Light value add opportunity to increase rents and maximize income. All tenants are on annual leases. Located in the growing Madison neighborhood. Property occupancy rate has been near 100% since acquisition. See attached brochure for more info on the portfolio opportunity.
Presented by Jacob Clark at
SVN Accel Commercial Real Estate.
Property MLS #2640789 from RealTracs
Lot Size Square Feet: 7998
High School: Hunters Lane Comp High School
Middle School: Madison Middle
Map directions Map directions Map directionsBedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit-1 Furnished Description: Freezer, Refrigerator
Unit-2 Furnished Description: Refrigerator
Unit-3 Furnished Description: Refrigerator
Unit-4 Furnished Description: Refrigerator
Unit 1 Total Actual Rent: 875
Unit 2 Total Actual Rent: 875
Unit 3 Total Actual Rent: 825
Source Listing Status: Active
County: Davidson County, TN
Directions: Gallatin Pike N, turn left onto E Webster St, Property is on the left.
Source Property Type: Multi-Family
Inclusions: Appliances
Source Neighborhood: Montague
Subdivision: Montague
Zoning: OR20
Property Subtype: Quadplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $59,440 + $18,280 $77,720 | $2,529 |
| 2021 | $59,440 + $18,280 $77,720 | $2,555 |
| 2020 | $46,720 + $10,960 $57,680 | $2,434 |
| 2019 | $46,720 + $10,960 $57,680 | $1,819 |
| 2018 | $46,720 + $10,960 $57,680 | $1,819 |
| 2017 | $46,720 + $10,960 $57,680 | $1,819 |
| 2016 | $30,200 + $10,960 $41,160 | $1,615 |
| 2015 | $30,200 + $10,960 $41,160 | $1,615 |
| 2014 | $30,200 + $10,960 $41,160 | $1,615 |
| 2013 | $30,200 + $10,960 $41,160 | $1,615 |
| 2012 | $37,240 + $18,280 $55,520 | $2,243 |
| 2011 | $37,240 + $18,280 $55,520 | $1,976 |
| 2010 | $37,240 + $18,280 $55,520 | $1,976 |
| 2009 | $37,240 + $18,280 $55,520 | $1,976 |
| 2008 | $21,750 + $9,525 $31,275 | $2,021 |
| 2007 | $21,750 + $9,525 $31,275 | $2,021 |
$594,999
RealTracs
Listed 2024-04-11
$599,999
RealTracs
Listing removed 2023-05-07
$0
Rently
Listed for rent 2023-04-26
$875
Rently
Sold 2011-02-22
$145,000
Public Record
Listing removed 2011-02-18
$150,000
RealTracs
Price Changed 2010-11-12
$150,000
RealTracs
Listed 2010-07-16
$165,000
RealTracs
Sold 2001-07-17
$100,000
Public Record
Sold 1984-06-01
$80,443
Public Record
Year Built: 1982
Construction Materials: Partial Brick, Vinyl Siding
Living Area Source: Tax Record
Property Age: 42
Roof: Metal
Levels or Stories: 2.00
Total Area Main: 2046
Year Built Details: Existing
Water Source: City Water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.