BEDS0
BATHS
SQUARE FEET1,612
MLS#3173146
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBailey
Property Description
One of 5 duplex units creating 10 full units completely rented and always rented. This is investors dream with instant revenue stream. Currently posting a NOI over $133k per year and that will only increase. Some rents under market and 2 units increasing rent by $248 per month. All of this with super low expenses as all units on separate utility meters. All units are 2-bedroom 1 bath units and recently remodeled as well. Each unit features a wood burning fireplace and believe it or not, washer and dryer inside the unit as well. Great setup to properties as occupants have either a downstairs patio or second floor deck. Owner recently replaced roofs plus finished other repairs and updates for this sale. Less than 8 miles from downtown, 3 miles to Opry Mall and just seconds to new shopping district.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Lot Size: 49 X 156
Roof Type: Shingle
Stories: 2.0
Taxes: $3,522
Year Built: 1983
Feature Descriptions
Exterior: Brick, Frame
Flooring: Laminate
Laundry: Individual, Electric Dryer Hookup, Washer Hookup
Lot Dimensions: 49 X 156
Parcel#: 05108020300
Parking: Asphalt
Parking Notes: Asphalt
Sewer: Public Sewer
Units: 2
Utilities: Water Available
Water: Public
Local Schools
High School: Hunters Lane Comp High School
Middle School: Madison Middle
Elementary School: Stratton Elementary
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Southern Realty
Agency Phone: 6154653700
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 293.50 per month $0.00 Principal & Interest $293.50 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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200a E Palestine Ave | MLS# 3173146
This multi-family property located at 200a E Palestine Ave , Madison, TN 37115 is currently listed for sale with an asking price of call for price. Search Madison real estate on www.crye-leike.com today.