$574,999
209 E Webster St Madison, TN 37115
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Listed by Jake Clark • SVN Accel Commercial Real Estate
$574,999
Est. payment /mo
2,046 SqFt
Active
209 E Webster St Madison, TN 37115
UPDATED:
10/09/2024 06:01 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,046 sqft
Price per Sqft $281
Subdivision Montague
MLS Listing ID 2640789
HOA Y/N No
Year Built 1982
Annual Tax Amount $2,529
Lot Dimensions 62 X 129
Property Description
SVN Accel Commercial Real Estate is pleased to present a rare Investment opportunity to own Three 4 units in Nashville. 4 Unit building is part of a 12 unit portfolio. Prefer to sell 5144 & 5152 Linbar Dr (MLS #2640792) & (MLS #2640794) together as 8 units. 209 E Webster is included in the portfolio and can be sold separately. Commercially Zoned OR20. Building has been professionally maintained and managed by a local property manager. Units are all 1 bed 1 bath, separate utilities, tenants pay all utilities. 10yr old metal roof, newer LVP flooring, new paint, water heaters, designated parking spaces in the back. Window AC units for cooling, baseboard heating. Market rent is $975 / unit, currently below market. Light value add opportunity to increase rents & maximize income. All tenants are on annual leases. Located in the growing Madison neighborhood. Property occupancy rate has been near 100% since acquisition. See attached brochure for more info on the portfolio opportunity.
Location
State TN
County Davidson County
Zoning OR20
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace N
Exterior
Utilities Available Water Available
Waterfront false
View Y/N false
Roof Type Metal
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding
New Construction false
Schools
Elementary Schools Stratton Elementary
Middle Schools Madison Middle
High Schools Hunters Lane Comp High School
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