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206a E Palestine Ave , Madison, TN 37115

$1,950,000
  • 206a E Palestine Ave , Madison, TN 37115 Main Photo

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New to the Market Active
SQUARE FEET1,615 MLS#3173164
STATUSActive PROPERTY TYPECommercial - Business

Property Description

This once in a lifetime offerings is for 10 units covering over 3 buildings. All units are currently rented and have been renovated. Also new roofs recently done and each unit has separate utility meters to lower owner cost. Super upside exists to increase rents plus 2 units currently approved via VA/VASH housing program increasing rents to $1550.00. Excellent location with close proximity to major highways, approximately 7 miles to downtown Nashville, Vanderbilt Medical and so much more. New shopping center coming to Madison as well. First floor residents have covered porch while second floor residents have outside deck. Plenty of parking and exception yard space as well. Make up each building will be 4 per building and 2 units in one other building. Each unit has wood burning fireplace, spacious kitchen and inside laundry hookups, also a very rare feature for units in the area. 5 seperate property id's means you can sell of each duplex if desired at a later time but this property is generating excellent returns with only more to come in the future.

206a E Palestine Ave | MLS# 3173164

This commercial property located at 206a E Palestine Ave , Madison, TN 37115 is currently listed for sale with an asking price of $1,950,000. Search Madison real estate on www.crye-leike.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 0.20 Acres
Year Built: 1983

Feature Descriptions

Parcel#: 05108020600

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

IDX logo

Source: Nashville MLS

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