NOT LISTED FOR SALE

Estimated Value: $473,000 - $823,000

10 Beds
6 Baths
2,629 Sq Ft
$246/Sq Ft Est. Value

Last Sold January 05, 2025

Last sale price $1,035,000 $394 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $3,608/month

22 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA

About This Home

As of January 2025

Discover an incredible investment at 1380 Mapleash Ave, Columbia, TN! This 10-unit property, featuring 4 apartment units and 6 mobile homes, boasts 100% occupancy. It is located only 5 minutes from downtown Columbia, a market booming with population growth. This is a rare opportunity to own a multifamily asset above 4 units at a great price in Maury County. **Owner Finance Opportunity **Don't miss out—call listing agent today to learn more!

Last Agent to Sell the Property

Drew Lekowski

MRG Realty Partners Brokerage Phone: 6155223973 License #371021 Listed on: 07/09/2024

Last Buyer's Agent

Temi Falana

Benchmark Realty, LLC License #349242

Benchmark Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,229

Year Built

  • Built in 1973

Lot Details

  • 2

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,629 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Schools

  • Battle Creek Middle Elementary School
  • Hampshire Unit Middle School
  • Culleoka Unit High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $5,481
  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 114 02300 000

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • Operating Expense $36,034
  • Gross Income $150,252
  • Net Operating Income $114,218

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,229

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1973
  • Inclusions: APPLN,FURN
  • Unit Levels: One
  • Building Stories: 2
  • Structure Type: Multi Family
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Finished Wood
  • Total Bedrooms: 10
  • Above Grade Finished Sq Ft: 2629
  • Building Area Units: Square Feet
  • Living Area: 2629
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: n/a
  • Lot Size Units: Acres
  • Parcel #: 114 02300 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 150252
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 114218
  • Number Of Units Total: 10
  • Annual Operating Expense: 36034
  • Total Actual Rent: 5481

Tax Info

  • Tax Annual Amount: 2229

MLS Schools

  • Elementary School: Battle Creek Middle School
  • High School: Culleoka Unit School
  • Middle Or Junior School: Hampshire Unit School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2024
Sold by
Poling James M
Bought by
Olarubofin Oluwafemi Adebayo
Current Estimated Value
$648,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Outstanding Balance
$685,294
Interest Rate
6.35%
Mortgage Type
Seller Take Back
Estimated Equity
-$37,294

Purchase Details

Closed on
Aug 14, 2006
Sold by
Mccaig James A
Bought by
Poling James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 1990
Bought by
Mccaig James A

Purchase Details

Closed on
Jun 22, 1989
Bought by
Jones Scott and Jones Amy

Purchase Details

Closed on
Jun 9, 1987
Bought by
Mccaig James Anderson

Purchase Details

Closed on
Dec 30, 1986
Bought by
Mccaig James Anderson and Mccaig Elizabeth B

Purchase Details

Closed on
Nov 23, 1984
Bought by
Mccaig Cabinet And Camper Shop Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Olarubofin Oluwafemi Adebayo $1,035,000 Rudy Title
Poling James M $118,000 None Available
Mccaig James A $310,000 --
Jones Scott $310,000 --
Mccaig James Anderson -- --
Mccaig James Anderson -- --
Mccaig Cabinet And Camper Shop Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olarubofin Oluwafemi Adebayo $735,000
Previous Owner Poling James M $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2025 01/05/25 Sold $1,035,000 -8.0% $394 / Sq Ft
07/31/2024 07/31/24 Pending -- -- --
07/09/2024 07/09/24 For Sale $1,125,000 -- $428 / 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 $2,229 $116,680 $14,400 $102,280
2023 $2,229 $116,680 $14,400 $102,280
2022 $2,229 $116,680 $14,400 $102,280
2021 $2,229 $64,360 $12,000 $52,360
2020 $1,439 $64,360 $12,000 $52,360
2019 $1,439 $64,360 $12,000 $52,360
2018 $1,439 $64,360 $12,000 $52,360
2017 $1,600 $56,840 $11,960 $44,880
2016 $1,600 $56,840 $11,960 $44,880
2015 $1,489 $56,840 $11,960 $44,880
2014 $1,489 $56,840 $11,960 $44,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2677132

Realtracs

APN: 114-023.00