4008 Hutson Ave Nashville, TN 37216
Gra-Mar Acres NeighborhoodEstimated payment $5,139/month
Highlights
- No HOA
- Central Heating
- Property has 1 Level
- Cooling Available
- Carpet
About This Home
Discover a rare chance to own two duplexes side by side (four units total) in the highly desirable Inglewood neighborhood of East Nashville. Just minutes from Downtown Nashville, tenants enjoy quick access to major employers, restaurants, Five Points and entertainment, ensuring strong rental demand year-round. Listing is for 4008 & 4010 Hutson Ave.
At the current performance, the property delivers a solid 5% CAP RATE. Rent for three of the four units are under market. With some light updates for three of the units, investors can unlock a minimum of 7% CAP RATE. This all brick turn-key investment opportunity is unique in balance of stability and upside making the asset an ideal addition for both seasoned investors and those seeking their first Nashville rental portfolio.
East Nashville continues to experience strong appreciation fueled by population growth, limited housing supply, and ongoing infrastructure improvements. With immediate income, simple value-add potential, and long-term market growth, this offering represents a rare turnkey opportunity in one of Nashville’s hottest rental corridors.
This one will go fast!!
Please call listing agent, Annie Saber 615-988-0657 for more info. Do not bother tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,130
Year Built
- Built in 1983
Lot Details
- Lot Dimensions are 100 x 300
Home Design
- Duplex
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 8 Bedrooms
- 3,024 Sq Ft Home
- Property has 1 Level
- Fire and Smoke Detector
Flooring
- Carpet
- Laminate
- Vinyl
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Gravel Driveway
Schools
- Hattie Cotton Elementary School
- Gra-Mar Middle School
- Maplewood Comp High School
Utilities
- Cooling Available
- Central Heating
Listing and Financial Details
- Assessor Parcel Number 06110000300
Community Details
Overview
- No Home Owners Association
- 4 Units
- Goodwin Subdivision
Building Details
- Operating Expense $18,259
- Gross Income $63,420
- Net Operating Income $45,161
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,130 | $126,920 | $34,000 | $92,920 |
| 2023 | $4,130 | $126,920 | $34,000 | $92,920 |
| 2022 | $4,130 | $126,920 | $34,000 | $92,920 |
| 2021 | $4,173 | $126,920 | $34,000 | $92,920 |
| 2020 | $2,624 | $62,160 | $29,600 | $32,560 |
| 2019 | $1,961 | $62,160 | $29,600 | $32,560 |
| 2018 | $1,961 | $62,160 | $29,600 | $32,560 |
| 2017 | $1,961 | $62,160 | $29,600 | $32,560 |
| 2016 | $1,369 | $30,320 | $7,200 | $23,120 |
| 2015 | $1,369 | $30,320 | $7,200 | $23,120 |
| 2014 | $1,369 | $30,320 | $7,200 | $23,120 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | For Sale | $900,000 | +92207.7% | $298 / Sq Ft |
| 04/12/2019 04/12/19 | Pending | -- | -- | -- |
| 04/10/2019 04/10/19 | For Sale | $975 | -99.8% | $0 / Sq Ft |
| 02/21/2017 02/21/17 | Sold | $417,000 | -- | $138 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $208,500 | None Available | |
| Warranty Deed | $75,000 | Nashville Title Ins Corp | |
| Warranty Deed | $60,000 | Transcontinental Title Compa |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $104,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $90,000 | Construction | |
| Previous Owner | $65,800 | New Conventional | |
| Previous Owner | $69,600 | Unknown | |
| Previous Owner | $54,000 | Purchase Money Mortgage |
Source: Realtracs
MLS Number: 2986863
APN: 061-10-0-003
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