UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,368 sqft
Price per Sqft $350
Subdivision Joywood Heights
MLS Listing ID 3154879
HOA Y/N No
Year Built 1949
Annual Tax Amount $5,644
Lot Dimensions 75 X 290
Property Description
The property is fully leased and professionally managed, making it a true turnkey opportunity from day one. Current financials show $40,800 in gross income and approximately $38,400 net operating income, with consistent performance driven by location and demand. During current ownership, rents have increased significantly and still show room for future growth.
One unit previously operated as a short term rental and has since been converted to long term, offering optionality for future use depending on investment strategy. Whether your focus is stable cash flow, mid term rentals, or revisiting short term potential, the layout supports multiple paths.
Positioned just off Ellington Parkway between Dickerson Pike and East Nashville, the property provides a quick and convenient commute to Downtown, helping drive tenant demand and long term stability.
Listed below last appraisal using the income method, creating a compelling opportunity for investors seeking immediate returns with built in equity potential. Prior appraisal is available on request.
Situated on a deep lot in an established neighborhood with no HOA, this property combines location, income, and flexibility in one of Nashville's most accessible and consistently performing rental corridors.
Location
State TN
County Davidson County
Zoning Rs10
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Wood, Luxury Vinyl, Tile, Vinyl
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
View Y/N true
View City
Roof Type Shingle
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Hardboard Siding
New Construction false
Schools
Elementary Schools Tom Joy Elementary
Middle Schools Jere Baxter Middle
High Schools Maplewood Comp High School
Others
Senior Community false
Special Listing Condition Standard
Nearby Locations
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Billy Larsen
Broker Associate | License ID: 373963
Broker Associate License ID: 373963