206A E Palestine Ave, Madison, TN 37115
206A E Palestine Ave, Madison, TN 37115
206A 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
$1,950,000
Est. payment /mo
1,615 SqFt
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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,615 sqft

Price per Sqft $1,207

MLS Listing ID 3173164

Year Built 1983

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Mixed Use

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.

Location

State TN

County Davidson County

Zoning RES

Interior

Fireplace N

Others

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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