NOT LISTED FOR SALE

223 Nixon Ave Lawrenceburg, TN 38464

2 Beds
1 Bath
6,364 Sq Ft
1968 Built

Last Sold May 31, 2024

Last sale price $620,000 $97 Per Sq Ft

28 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Vinyl Flooring
  • Lawrenceburg Public Elementary School Rated A-
  • Central Heating

About This Home

As of May 2024

SVN | Accel Commercial Real Estate is pleased to bring to market The Nixon, an exceptional multifamily opportunity in Lawrenceburg, TN. The building features 8 spacious 2BR/1BA units, each offering 800 SF of modern living space. Partially renovated in 2023, The Nixon is equipped with brick construction, a durable metal roof, and HVAC systems, ensuring lasting quality and appeal. Each unit also boasts new kitchen appliances, a dining area, and washer/dryer hook-ups, providing added convenience for residents. The Nixon currently generates $800 per unit with rent upside, making it an attractive investment opportunity for multifamily investors. Do NOT disturb the tenants. Please contact agents to schedule a showing.

Last Agent to Sell the Property

Kunal Patel

SVN Accel Commercial Real Estate Brokerage Phone: 7316135487 License #364618 Listed on: 03/22/2024

SVN Accel Commercial Real Estate

Co-Listed By

Brian Truman

SVN Accel Commercial Real Estate Brokerage Phone: 7316135487 License #338568

Last Buyer's Agent

Jase Duke

RE/MAX PROS License #375405

RE/MAX PROS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,886

Year Built

  • Built in 1968

Lot Details

  • Lot Dimensions are 140 x 95

Home Design

  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 6,364 Sq Ft Home
  • Property has 1 Level
  • Vinyl Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Schools

  • Ingram Sowell Elementary School
  • E O Coffman Middle School
  • Lawrence Co High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $1,600
  • Assessor Parcel Number 089C B 01200 000

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Lawrenceburg Subdivision

Building Details

  • Operating Expense $21,888
  • Gross Income $72,960
  • Net Operating Income $51,072

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,886

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1968
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 2
  • Structure Type: Multi Family
  • Year Built Details: RENOV
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 7316135487
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Vinyl
  • Above Grade Finished Sq Ft: 6364
  • Building Area Units: Square Feet
  • Living Area: 6364
  • 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: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 10
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: COM
  • Lot Size: 140 X 95
  • Lot Size Units: Acres
  • Parcel #: 089C B 01200 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 72960
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 51072
  • Number Of Units Total: 8
  • Annual Operating Expense: 21888
  • Total Actual Rent: 1600

Tax Info

  • Tax Annual Amount: 2886

MLS Schools

  • Elementary School: Ingram Sowell Elementary
  • High School: Lawrence Co High School
  • Middle Or Junior School: E O Coffman Middle School

Range of Values:

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Average Value
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List Price
Sold Price
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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
05/31/2024 05/31/24 Sold $620,000 -11.3% $97 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
04/15/2024 04/15/24 For Sale $699,000 0.0% $110 / Sq Ft
04/05/2024 04/05/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $699,000 0.0% $110 / Sq Ft
04/02/2019 04/02/19 Rented -- -- --
03/04/2019 03/04/19 Under Contract -- -- --
02/01/2019 02/01/19 For Rent -- -- --
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2633937

Realtracs