197 Cedar Grove Rd Shelbyville, TN 37160
Estimated payment $2,313/month
Highlights
- No HOA
- Central Heating
- Property has 1 Level
- Cooling Available
- Vinyl Flooring
About This Home
195 & 197 Cedar Grove Rd, Shelbyville, TN Rare opportunity to own a brand-new, never-lived-in all-brick duplex in a convenient Shelbyville location. Each unit features 2 bedrooms and 1 bathroom with modern LVP flooring throughout for easy maintenance and a stylish look. The units come equipped with brand-new appliances, including a refrigerator, stove, and microwave. Each unit also includes its own private concrete back patio, perfect for relaxing or entertaining. A concrete parking area out front provides easy and convenient access for tenants. Each unit rents for $1,400 per month, generating a total monthly income of $2,800. Live in one side and rent out the other to help offset your mortgage—an ideal setup for an owner-occupant or an investor seeking a low-maintenance income-producing property. This is a rare find—brand-new construction with immediate income potential. Don’t miss this incredible investment opportunity.
Last Listed By
BHGRE Heritage Group Brokerage Phone: 9312245099 License #352019 Listed on: 03/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,500
Year Built
- Built in 2025
Lot Details
- Lot Dimensions are 247 x126
Home Design
- Duplex
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 1,800 Sq Ft Home
- Property has 1 Level
- Vinyl Flooring
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Pad
- Driveway
Schools
- South Side Elementary School
- Harris Middle School
- Shelbyville Central High School
Utilities
- Cooling Available
- Central Heating
Listing and Financial Details
- The owner pays for water
- Assessor Parcel Number 088 05907 000
Community Details
Overview
- No Home Owners Association
- 2 Units
- Stewart Minor Subdivision
Building Details
- Gross Income $2,800
- Net Operating Income $2,800
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | Pending | -- | -- | -- |
| 04/18/2025 04/18/25 | Price Changed | $389,900 | -2.5% | $217 / Sq Ft |
| 03/21/2025 03/21/25 | For Sale | $399,900 | -- | $222 / Sq Ft |
Source: Realtracs
MLS Number: 2807499
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