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Listed by Edward Klem • Coldwell Banker Southern Realty
$390,000
Est. payment /mo
1,612 SqFt
New
202A E Palestine Ave Madison, TN 37115
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,612 sqft
Price per Sqft $241
Subdivision Bailey
MLS Listing ID 3173152
Year Built 1983
Annual Tax Amount $3,522
Lot Dimensions 49 X 156
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.
Location
State TN
County Davidson County
Zoning Res
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Shingle
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
New Construction false
Schools
Elementary Schools Stratton Elementary
Middle Schools Madison Middle
High Schools Hunters Lane Comp High School
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