NOT LISTED FOR SALE

Estimated Value: $569,000 - $598,000

7 Beds
4 Baths
3,288 Sq Ft
$177/Sq Ft Est. Value

Last Sold June 14, 2024

Last sale price $565,000 $172 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,563/month

38 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Central Heating
  • Cooling System Mounted To A Wall/Window

About This Home

As of June 2024

An investor's dream in this multi-family quadruplex in the heart of historic North Nashville. This property offers 4 separate income-generating apartments near downtown Nashville, 4 historic universities, and hospitals, and within walking distance of parks, trendy restaurants, cultural hotspots, and other conveniences that are just a stone's throw away. Perfect for investors. A versatile canvas for your investment dreams with endless possibilities. If you want to fix and flip or a long-term investment, this one's for you. The roof is 1 year old. Selling as is. All apartments are tenant occupied and leases ending in December. Current lease agreements are priced dramatically under the market. DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Caprisha Hudson

Compass Tennessee, LLC Brokerage Phone: 6158283161 License # 347823 Listed on: 04/05/2024

Compass Tennessee, LLC

Co-Listed By

Fonda Harris

Compass Tennessee, LLC Brokerage Phone: 6158283161 License #366802

Last Buyer's Agent

Dan Pastor

Weichert Realtors Advantage Plus License # 341336

Weichert Realtors Advantage Plus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,567

Year Built

  • Built in 1978

Lot Details

  • Lot Dimensions are 87 x 150

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,288 Sq Ft Home
  • Property has 2 Levels
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Schools

  • Robert Churchwell Museum Magnet Elementary School
  • John Early Paideia Magnet Middle School
  • Pearl Cohn Magnet High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $4,000
  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 09201010500

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Long & Ashworth/Midway Subdivision

Building Details

  • Operating Expense $4,500
  • Gross Income $48,000
  • Net Operating Income $43,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,567

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1978
  • Inclusions: NOFUR
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Quadruplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 6158283161
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate, Other, Tile
  • Total Bedrooms: 7
  • Above Grade Finished Sq Ft: 3288
  • Building Area Units: Square Feet
  • Living Area: 3288
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Vinyl Siding
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Share, Electric Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s)
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: Sp, Uoz
  • Lot Size: 87 X 150
  • Lot Size Units: Acres
  • Parcel #: 09201010500
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 48000
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 43500
  • Number Of Units Total: 4
  • Annual Operating Expense: 4500
  • Total Actual Rent: 4000

Tax Info

  • Tax Annual Amount: 4567

MLS Schools

  • Elementary School: Robert Churchwell Museum Magnet Elementary School
  • High School: Pearl Cohn Magnet High School
  • Middle Or Junior School: John Early Paideia Magnet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
Jun 14, 2024
Sold by
Joyce E Page Revocable Living Trust and Perry Joseph L
Bought by
Hayes Marcus
Seller's Agent
Caprisha Hudson
Compass Tennessee, LLC
Buyer's Agent
Dan Pastor
Weichert Realtors Advantage Plus
List Price
$639,000
Sold Price
$565,000
Premium/Discount to List
-$74,000
-11.58%
Views
6
Current Estimated Value
$581,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,333
Avg. Annual Appreciation
3.50%
Original Mortgage
$612,500
Outstanding Balance
$105,114
Interest Rate
7.09%
Mortgage Type
Construction
Estimated Equity
$482,886

Purchase Details

Closed on
Nov 27, 2018
Sold by
Page Joyce E
Bought by
Page Joyce E and The Joyce E Page Revocable Living Trust

Purchase Details

Closed on
Jun 29, 1998
Sold by
Baird John M
Bought by
Page Joyce and Perry Joseph L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
7.02%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hayes Marcus $560,000 Advantage Title
Page Joyce E -- None Available
Page Joyce $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hayes Marcus $612,500
Previous Owner Page Joyce E $15,000
Previous Owner Perry Joseph L $10,000
Previous Owner Perry Joseph L $10,000
Previous Owner Page Joyce $48,030
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 Sold $565,000 -11.6% $172 / Sq Ft
05/14/2024 05/14/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $639,000 -- $194 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,567 $140,360 $38,000 $102,360
2023 $4,567 $140,360 $38,000 $102,360
2022 $4,567 $140,360 $38,000 $102,360
2021 $4,615 $140,360 $38,000 $102,360
2020 $3,942 $93,400 $20,800 $72,600
2019 $2,947 $93,400 $20,800 $72,600
2018 $2,947 $93,400 $20,800 $72,600
2017 $2,947 $93,400 $20,800 $72,600
2016 $3,138 $69,480 $5,200 $64,280
2015 $3,138 $69,480 $5,200 $64,280
2014 $3,138 $69,480 $5,200 $64,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2638603

Realtracs

APN: 092-01-0-105