UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,233 sqft
Price per Sqft $239
Subdivision Toddington Hgts Sec 6
MLS Listing ID 3149076
HOA Y/N No
Year Built 1978
Annual Tax Amount $2,886
Lot Dimensions 82 X 192 IRR
Property Description
The 1408 unit features a spacious 3 bed, 1.5 bath layout with a large bonus room that can serve as a bedroom, office, or flex space. The 1406 unit is a 2 bed, 1 bath and comes fully furnished with approx. $12,000 in furnishings. It previously operated as a successful Airbnb, generating approx. $2,800–$3,000/month. Furnishings are negotiable and may convey, offering a potential turnkey short-term rental opportunity.
HVAC systems for both units were replaced in 2022, the main sewer line was replaced approx. 2 years ago, and the roof is less than 11 years old.
The 1408 unit is leased at $1,900/month through October 2026. The 1406 unit was leased at $1,750/month with that lease ending at the end of May and is now being transitioned back to a full-time Airbnb, creating upside potential.
Great opportunity for investors seeking immediate cash flow with value-add potential, or for an owner-occupant to offset their mortgage.
Conveniently located near MTSU, downtown Murfreesboro, shopping, dining, and major roadways, making it a highly desirable rental location.
Located in a flood zone; flood insurance may be required. Seller states no known history of flooding.
Assumable loan in place at approx. 5.063% offers qualified buyers potential access to a below-market interest rate.
Location
State TN
County Rutherford County
Zoning Commercial
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Luxury Vinyl
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Black Fox Elementary
Middle Schools Whitworth-Buchanan Middle School
High Schools Oakland High School
Others
Senior Community false
Special Listing Condition Owner Agent
Nearby Locations
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George Scott
Agent | License ID: TN License #: 377474
Agent License ID: TN License #: 377474
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