202A E Palestine Ave, Madison, TN 37115
202A E Palestine Ave, Madison, TN 37115
202A E Palestine Ave, Madison, TN 37115
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George Scott

George Scott

+1(931) 385-5195
Listed by Edward Klem • Coldwell Banker Southern Realty
$390,000
Est. payment /mo
1,612 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,612 sqft

Price per Sqft $241

Subdivision Bailey

MLS Listing ID 3173152

HOA Y/N No

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

Private Pool false

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

Others

Senior Community false

Special Listing Condition Standard

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George Scott

George Scott

+1(931) 385-5195

Agent | License ID: TN License #: 377474

Agent License ID: TN License #: 377474

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