This is a classic value-add opportunity with long-term tenants on month-to-month leases, each subject to 60 days' notice. Rents are dramatically below market—approximately $1,271 for the one-bedroom unit and $1,318 for the four-bedroom—creating immediate upside potential for an investor willing to reposition the property. With light cosmetic updates and thoughtful… Read More improvements, rental income could be increased substantially.
Custom-built by the owner approximately twenty years ago, the duplex features vaulted ceilings and an excellent, functional floor plan that lends itself well to modern upgrades. The location is a significant draw, situated just minutes from the shops, restaurants, and services along Gallatin Road, including grocery stores, coffee shops, local eateries, pharmacies, and everyday conveniences, with quick access to East Nashville favorites, downtown, and major commuter routes. This property offers a rare combination of solid construction, under-market rents, and strong long-term income growth potential. Read Less
Courtesy of Historic & Distinctive Homes, LLC.
Listing Snapshot
Days Online
66
Last Updated
Square Ft.
1,522
Year Built
2005
MLS Number
3062154
Additional Details
Building
Built in 2005, Year Built Details: Approximate, Living area: 1522, Living area units: Square Feet, Levels: One, Construction Materials: Fiber Cement
Cooling
Central Air, Electric
Floors
Carpet, Laminate
Heating
Central, Electric
Income
Gross Income: $31,068, Net Operating Income: $31,068
Laundry
Electric Dryer Hookup, Washer Hookup
Lot
Dimensions: 50 X 124
Owner Pays
None
Parking
5 open parking spaces, 5 total parking spaces, Driveway, Gravel
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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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