$2,974,000
SOLD AUG 7, 2024
14 Beds
11 Baths
10,415 Sq Ft
2022 Built

Recently Sold

$286 Per Sq Ft

11 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • 3-minute walk to Tom Joy Park
  • 4 Car Attached Garage
  • Central Heating

About This Home

As of August 2024

5 Furnished corporate rental units (detached HPR) 1699,1701 Lischey Ave, 405 Marshall St units 3,7,8 High-income producing Units built-in 2022 Well appointed with sand and finish floors (no carpets) quartz island kitchens with stainless appliances. Minutes to downtown Nashville! restaurants, professional sports & Shops Fully furnished Current owner will lease back for 12 months @ $240,000 (guaranteed income) 1/2 Rents $120K available at closing

Last Agent to Sell the Property

Sharon Laviola

RE/MAX Choice Properties Brokerage Phone: 6153471791 License #277191 Listed on: 06/08/2024

RE/MAX Choice Properties

Last Buyer's Agent

Leanne Kreps

The Tate Brokerage License # 345953

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,797

Year Built

  • Built in 2022

HOA Fees

  • $99 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • 1 Open Parking Space
  • Driveway

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 10,415 Sq Ft Home
  • Property has 1 Level
  • Fire and Smoke Detector

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 11 Bathrooms

Schools

  • Tom Joy Elementary School
  • Jere Baxter Middle School
  • Maplewood Comp High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $19,680
  • Assessor Parcel Number 071120K01100CO

Community Details

Overview

  • $350 One-Time Secondary Association Fee
  • Association fees include ground maintenance
  • 5 Units
  • Homes At Marshall Crossing Subdivision

Building Details

  • Operating Expense $1
  • Gross Income $240,000
  • Net Operating Income $239,999

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,797

Year Built

Built in 2022

Lot Details

0

HOA Fees

$99 per month

Parking

4

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2022
  • Inclusions: APPLN,FURN
  • Unit Levels: One
  • Building Stories: 3
  • Structure Type: Multi Family
  • Year Built Details: APROX
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 6153471791
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Fireplace: No
  • Flooring: Finished Wood, Tile
  • Total Bedrooms: 14
  • Above Grade Finished Sq Ft: 10415
  • Building Area Units: Square Feet
  • Living Area: 10415
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Fiber Cement, Frame
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Open Parking Spaces: 1
  • Parking Features: Attached - Rear, Asphalt
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds
  • Association Fee: 99
  • Association #2 Fee: 350
  • Association #2 Fee Frequency: One Time
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Zoning: Res
  • Lot Size: HPR
  • Lot Size Units: Acres
  • Parcel #: 071120K01100CO
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 240000
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 239999
  • Number Of Units Total: 5
  • Annual Operating Expense: 1
  • Total Actual Rent: 19680

Tax Info

  • Tax Annual Amount: 1

MLS Schools

  • Elementary School: Tom Joy Elementary
  • High School: Maplewood Comp High School
  • Middle Or Junior School: Jere Baxter Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2024
Closed on
Aug 7, 2024
Sold by
Momo Real Estate Investment Inc
Bought by
Mermar Llc
Seller's Agent
Sharon Laviola
RE/MAX Choice Properties
Buyer's Agent
Leanne Kreps
The Tate Brokerage
List Price
$2,974,900
Sold Price
$2,974,000
Premium/Discount to List
-$900
-0.03%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-32.10%

Purchase Details

Closed on
Aug 27, 2014
Sold by
Prissike Property Development Llc
Bought by
Prissike Property Development Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,974,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $9,000,000 New Conventional
Previous Owner $4,200,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Price Changed $8,580 +17.0% $4 / Sq Ft
06/25/2025 06/25/25 For Rent $7,333 0.0% --
06/21/2025 06/21/25 Off Market $7,333 -- --
02/20/2025 02/20/25 For Rent $7,333 0.0% --
02/17/2025 02/17/25 Off Market $7,333 -- --
12/18/2024 12/18/24 For Rent $7,333 0.0% --
08/07/2024 08/07/24 Sold $2,974,000 0.0% $286 / Sq Ft
06/19/2024 06/19/24 Pending -- -- --
06/08/2024 06/08/24 For Sale $2,974,900 -- $286 / 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 $4,797 $147,425 $21,250 $126,175
2023 $4,797 $147,425 $21,250 $126,175
2022 $805 $21,250 $21,250 $0
2021 $1,644 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2665076

Realtracs

APN: 071-12-0K-011-00