NOT LISTED FOR SALE

151 Covington Ln Dickson, TN 37055

8 Beds
8 Baths
5,491 Sq Ft
1986 Built

Last Sold March 27, 2021

Last sale price $410,000 $75 Per Sq Ft

338 Days on Market

Highlights

  • 2 Car Attached Garage
  • Cooling Available
  • Carpet
  • Centennial Elementary School Rated 9+
  • Central Heating
  • Property has 1 Level

About This Home

As of March 2021

**MEETS 1% RULE** and over 8% cap with full occupancy. Located just an hour drive west of Nashville. 6 rentable units - 4 residential apartments, 1 seperate garage/storage, and 1 warehouse/commercial. 5 acre property consisting of residential quadplex with full unfinished basement and 2700 sq ft metal building. Shop has finished area w/ office with bathroom. Acreage is flat and mostly clear. Quiet and secluded location. Also not far from town. Res quad units have had renovations. No HOA. Commercial zoning. Could be great for investors but also for house hackers - can purchase with FHA and conventional.

Last Agent to Sell the Property

Amanda Crist

Ragan's Five Rivers Realty & License #320547 Listed on: 07/02/2019

Last Buyer's Agent

Trey Sugg

Realty One Group Music City License #328692

Realty One Group Music City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,748

Year Built

  • Built in 1986

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Gravel Driveway

Home Design

  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 5,491 Sq Ft Home
  • Property has 1 Level
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Laminate
  • Vinyl

Schools

  • Centennial Elementary School
  • Dickson Middle School
  • Dickson County High School

Utilities

  • Cooling Available
  • Central Heating
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $3,400
  • Assessor Parcel Number 121 02500 001

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $5,000
  • Gross Income $20,400
  • Net Operating Income $15,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,748

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1986
  • Inclusions: APPLN
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl
  • Above Grade Finished Sq Ft: 5491
  • Building Area Units: Square Feet
  • Living Area: 5491
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Basement, Gravel
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Individual
  • Security: Smoke Detector(s)

Lot Info

  • Zoning: Commercial
  • Lot Size Units: Acres
  • Parcel #: 121 02500 001
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Gross Income: 20400
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 15400
  • Number Of Units Total: 4
  • Annual Operating Expense: 5000
  • Total Actual Rent: 3400

Tax Info

  • Tax Annual Amount: 3748

MLS Schools

  • Elementary School: Centennial Elementary
  • High School: Dickson County High School
  • Middle Or Junior School: Dickson Middle School
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2025 10/02/25 For Sale $799,900 +95.1% $146 / Sq Ft
03/27/2021 03/27/21 Sold $410,000 -36.9% $75 / Sq Ft
06/04/2020 06/04/20 Pending -- -- --
07/02/2019 07/02/19 For Sale $650,000 -- $118 / Sq Ft
Source: Realtracs

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
2025 $5,013 $296,640 $33,080 $263,560
2024 $5,013 $296,640 $33,080 $263,560
2023 $3,349 $142,520 $22,320 $120,200
2022 $3,349 $142,520 $22,320 $120,200
2021 $0 $142,520 $22,320 $120,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2057236

Realtracs