$515,000
SOLD OCT 22, 2024

2050 Lewisburg Hwy Pulaski, TN 38478

-- Bed
-- Bath
5,328 Sq Ft
2.2 Acres

Recently Sold

$97 Per Sq Ft

6% Below List Price

122 Days on Market

Highlights

  • No HOA
  • Vinyl Flooring
  • Heating Available
  • Cooling Available

About This Home

As of October 2024

Welcome to this exceptional investment offering a 5-unit multi-plex with a remarkable cap rate of 8.4%. Situated in a prime location, this property provides the perfect balance between accessibility to the town and the main highway, while still exuding a sense of tranquility and seclusion. With recent renovations, including new flooring, new roof, new windows, new minisplit hvac units, new kitchen cabinets and fresh paint, along with all-year leases and full occupancy, this multi-plex promises a lucrative and stable investment for the savvy investor. All information is in the document section below. Please contact listing agent for any questions!

Last Agent to Sell the Property

Cade Landers

Keller Williams Realty Brokerage Phone: 9313099568 License #363692 Listed on: 04/10/2024

Keller Williams Realty

Last Buyer's Agent

Charles Barton

Tyler York Real Estate Brokers, LLC License #367189

Tyler York Real Estate Brokers, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,645

Year Built

  • Built in 1960

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • Vinyl Flooring

Parking

  • Gravel Driveway
  • Unassigned Parking

Schools

  • Pulaski Elementary School
  • Bridgeforth Middle School
  • Giles Co High School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $4,520
  • Assessor Parcel Number 086 00901 000

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $17,598
  • Gross Income $63,780
  • Net Operating Income $46,182

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,645

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1960
  • Inclusions: APPLN
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Multi Family
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 9313099568
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Vinyl
  • Above Grade Finished Sq Ft: 3326
  • Below Grade Sq Ft: 2002
  • Building Area Units: Square Feet
  • Living Area: 5328
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Gravel, Unassigned

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: Res
  • Lot Size Units: Acres
  • Parcel #: 086 00901 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 63780
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 46182
  • Number Of Units Total: 5
  • Annual Operating Expense: 17598
  • Total Actual Rent: 4520

Tax Info

  • Tax Annual Amount: 1645

MLS Schools

  • Elementary School: Pulaski Elementary
  • High School: Giles Co High School
  • Middle Or Junior School: Bridgeforth Middle School

Range of Values:

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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 Change Sq Ft Price
10/22/2024 10/22/24 Sold $515,000 -6.4% $97 / Sq Ft
08/10/2024 08/10/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $550,000 -- $103 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2641214

Realtracs