NOT LISTED FOR SALE

Estimated Value: $695,000 - $840,000

6 Beds
4 Baths
3,412 Sq Ft
$231/Sq Ft Est. Value

Last Sold March 12, 2024

Last sale price $840,000 $246 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,988/month

3 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Central Heating
  • No HOA

About This Home

As of March 2024

Incredible income producing TRIPLEX in the heart of East Nashville! Amazing opportunity for both investors or those looking to offset their cost of living by renting out 2 of the units while living practically mortgage free. Gorgeous historic restoration gutted to the studs incredible finishes. Units are configured as a 4br 2ba, 1br 1ba and 1br 1ba. Ample parking, huge yard and steps away from dozens of East Nashvilles best restaurants coffee shops and retail. Property currently grosses over $60,000/year with room for increases.

Last Agent to Sell the Property

Robert Drimmer

Compass Tennessee, LLC Brokerage Phone: 6094626636 License #321053 Listed on: 02/22/2024

Compass Tennessee, LLC

Last Buyer's Agent

Mike Matwijec

Zeitlin Sotheby's International Realty License # 327864

Zeitlin Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,316

Year Built

  • Built in 1946

Lot Details

  • Lot Dimensions are 50 x 259

Home Design

  • Property Attached
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels

Flooring

  • Wood
  • Concrete
  • Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Driveway

Schools

  • Dan Mills Elementary School
  • Isaac Litton Middle School
  • Stratford Stem Magnet School Upper Campus High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $5,000
  • The owner pays for electricity, water
  • Assessor Parcel Number 07207006200

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Inglewood Subdivision

Building Details

  • Operating Expense $1
  • Gross Income $60,300
  • Net Operating Income $60,299

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,316

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1946
  • Inclusions: APPLN
  • Unit Levels: Three Or More
  • Structure Type: Triplex
  • Year Built Details: RENOV
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 6094626636
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace: No
  • Flooring: Concrete, Finished Wood, Tile
  • Above Grade Finished Sq Ft: 2287
  • Below Grade Sq Ft: 1125
  • Building Area Units: Square Feet
  • Living Area: 3412
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Pool Private: No
  • Roof: Asphalt
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 6
  • Parking Features: Asphalt, Driveway
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Individual
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: Triplex
  • Lot Size: 50 X 259
  • Lot Size Units: Acres
  • Parcel #: 07207006200
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Water

Multi Family

  • Gross Income: 60300
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 60299
  • Number Of Units Total: 3
  • Annual Operating Expense: 1
  • Total Actual Rent: 5000

Tax Info

  • Tax Annual Amount: 8316

MLS Schools

  • Elementary School: Dan Mills Elementary
  • High School: Stratford STEM Magnet School Upper Campus
  • Middle Or Junior School: Isaac Litton Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
Mar 12, 2024
Sold by
Pointer Properties Llc
Bought by
Teneprop Llc
Seller's Agent
Robert Drimmer
Compass Tennessee, LLC
Buyer's Agent
Mike Matwijec
Zeitlin Sotheby's International Realty
List Price
$799,900
Sold Price
$840,000
Premium/Discount to List
$40,100
5.01%
Views
53
Current Estimated Value
$789,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,167
Avg. Annual Appreciation
-1.31%

Purchase Details

Closed on
Sep 20, 2019
Sold by
Urban Properties Llc
Bought by
Pointer Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,084
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 2018
Sold by
Home Repair Doctors Llc
Bought by
Urban Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.38%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 29, 2017
Sold by
Scott Roderick and Scott Dariene
Bought by
Home Repair Doctores Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 1999
Sold by
Hayes Tempie E Last Will & Testament and Stroud Samuel B
Bought by
Scott Roderick and Scott Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
7.04%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 24, 1998
Sold by
Moore Linda Jean
Bought by
Stroud Samuel B and Hayes Tempie E

Purchase Details

Closed on
Nov 1, 1995
Bought by
Moore Linda Jean

Purchase Details

Closed on
May 5, 1995
Sold by
Scull Georgia C and Sh Pennie
Bought by
Hayes Tempie E
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
Teneprop Llc $840,000 Magnolia Title & Escrow
Teneprop Llc $840,000 Magnolia Title & Escrow
Pointer Properties Llc -- Dekalb Title Llc
Urban Properties Llc $325,000 Birthright Title & Escrow
Home Repair Doctores Llc $200,000 Birthright Title & Escrow Ll
Scott Roderick $129,900 --
Stroud Samuel B -- --
Moore Linda Jean $99,900 --
Hayes Tempie E $99,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pointer Properties Llc $332,084
Previous Owner Urban Prolperties Llc $350,000
Previous Owner Home Repair Doctores Llc $170,000
Previous Owner Scott Roderick $128,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2024 03/12/24 Sold $840,000 +5.0% $246 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $799,900 -- $234 / 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 $8,316 $255,560 $56,000 $199,560
2023 $8,316 $255,560 $56,000 $199,560
2022 $8,316 $255,560 $56,000 $199,560
2021 $8,403 $255,560 $56,000 $199,560
2020 $7,794 $184,640 $46,000 $138,640
2019 $5,825 $184,640 $46,000 $138,640
2018 $2,799 $88,725 $34,375 $54,350
2017 $2,799 $88,725 $34,375 $54,350
2016 $3,021 $66,900 $11,000 $55,900
2015 $3,021 $66,900 $11,000 $55,900
2014 $3,021 $66,900 $11,000 $55,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2621674

Realtracs

APN: 072-07-0-062