J
Seller's Agent in 2025
Jacob Clark
SVN Accel Commercial Real Estate
(716) 867-6042
1 in this area
15 Total Sales
209 E Webster St Madison, TN 37115
Heron Walk Neighborhood
4
Beds
4
Baths
2,046
Sq Ft
0.35
Acres
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
About This Home
As of February 2025SVN Accel Commercial Real Estate is pleased to present a rare Investment opportunity to own Three 4 units in Nashville. 4 Unit building is part of a 12 unit portfolio. Prefer to sell 5144 & 5152 Linbar Dr (MLS #2640792) & (MLS #2640794) together as 8 units. 209 E Webster is included in the portfolio and can be sold separately. Commercially Zoned OR20. Building has been professionally maintained and managed by a local property manager. Units are all 1 bed 1 bath, separate utilities, tenants pay all utilities. 10yr old metal roof, newer LVP flooring, new paint, water heaters, designated parking spaces in the back. Window AC units for cooling, baseboard heating. Market rent is $975 / unit, currently below market. Light value add opportunity to increase rents & maximize income. All tenants are on annual leases. Located in the growing Madison neighborhood. Property occupancy rate has been near 100% since acquisition. See attached brochure for more info on the portfolio opportunity.
Last Agent to Sell the Property
SVN Accel Commercial Real Estate Brokerage Phone: 6155680167 License #362820 Listed on: 04/11/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,529
Year Built
- Built in 1982
Lot Details
- Lot Dimensions are 62 x 129
Home Design
- Quadruplex
- Brick Exterior Construction
- Metal Roof
- Vinyl Siding
Interior Spaces
- 2,046 Sq Ft Home
- Property has 1 Level
- Laminate Flooring
- Fire and Smoke Detector
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Schools
- Stratton Elementary School
- Madison Middle School
- Hunters Lane Comp High School
Utilities
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
Listing and Financial Details
- Total Actual Rent $2,575
- Assessor Parcel Number 14802010800
Community Details
Overview
- No Home Owners Association
- 4 Units
- Montague Subdivision
Building Details
- Gross Income $35,806
- Net Operating Income $35,806
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 11, 2024
Closed on
Jan 31, 2025
Sold by
Carter Series Llc-Webster Series
Bought by
Gentry Investment Properties Llc
Seller's Agent
Jacob Clark
SVN Accel Commercial Real Estate
Buyer's Agent
Vandale Gentry
eXp Realty
List Price
$599,999
Sold Price
$510,000
Premium/Discount to List
-$89,999
-15%
Views
44
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,228
Avg. Annual Appreciation
2.53%
Original Mortgage
$450,000
Outstanding Balance
$334,103
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$187,125
Purchase Details
Closed on
Oct 16, 2015
Sold by
Carter Scott A
Bought by
Carter Series Llc Webster Series
Purchase Details
Closed on
Feb 18, 2011
Sold by
Pitt Jack T and Pitt Betty C
Bought by
Carter Scott A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
4.76%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 16, 2001
Sold by
Meece Aubrey M
Bought by
Pitt Jack T and Pitt Betty C
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $510,000 | Metropolitan Escrow | |
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | $145,000 | None Available | |
| Warranty Deed | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | New Conventional | |
| Previous Owner | $145,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | Sold | $510,000 | -8.1% | $249 / Sq Ft |
| 12/10/2024 12/10/24 | Pending | -- | -- | -- |
| 11/08/2024 11/08/24 | Price Changed | $554,999 | -3.5% | $271 / Sq Ft |
| 08/30/2024 08/30/24 | Price Changed | $574,999 | -3.4% | $281 / Sq Ft |
| 07/19/2024 07/19/24 | Price Changed | $594,999 | -0.8% | $291 / Sq Ft |
| 05/06/2024 05/06/24 | For Sale | $599,999 | 0.0% | $293 / Sq Ft |
| 04/29/2024 04/29/24 | Pending | -- | -- | -- |
| 04/11/2024 04/11/24 | For Sale | $599,999 | -- | $293 / Sq Ft |
Source: Realtracs
Tax History Compared to Growth
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 | $5,430 | $192,960 | $42,680 | $150,280 |
| 2024 | $2,529 | $77,720 | $18,280 | $59,440 |
| 2023 | $2,529 | $77,720 | $18,280 | $59,440 |
| 2022 | $2,408 | $77,720 | $18,280 | $59,440 |
| 2021 | $2,555 | $77,720 | $18,280 | $59,440 |
| 2020 | $2,435 | $57,680 | $10,960 | $46,720 |
| 2019 | $1,820 | $57,680 | $10,960 | $46,720 |
| 2018 | $1,820 | $57,680 | $10,960 | $46,720 |
| 2017 | $1,820 | $57,680 | $10,960 | $46,720 |
| 2016 | $1,615 | $41,160 | $10,960 | $30,200 |
| 2015 | $1,615 | $41,160 | $10,960 | $30,200 |
| 2014 | $1,615 | $41,160 | $10,960 | $30,200 |
Source: Public Records
Agents Affiliated with this Home
-
Jacob Clark
-
Vandale Gentry
Buyer's Agent in 2025
Vandale Gentry
eXp Realty
(615) 944-0082
1 in this area
15 Total Sales
Map
Source: Realtracs
MLS Number: 2640789
APN: 051-08-0-202
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