$155,000
$44K PRICE DROP

405 Hedgemont Ave Fayetteville, TN 37334

Estimated payment $906/month

Total Views 13,444
6 Beds
2 Baths
2,899 Sq Ft
$53 Price per Sq Ft

Highlights

  • No HOA
  • Wood Siding
  • Heating Available
  • Cooling Available
  • Carpet

About This Home

Investment Opportunity! Duplex in town in Fayetteville. Both sides are rented. Shown by appointment only

Listing Agent

Frances Ring

Leading Edge Real Estate Group Brokerage Phone: 9319936140 License #274466 Listed on: 03/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,011

Year Built

  • Built in 1938

Home Design

  • Duplex
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,899 Sq Ft Home
  • Property has 2 Levels
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Schools

  • Highland Rim Elementary School
  • Fayetteville Middle School
  • Fayetteville High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 079F G 01300 000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Metes And Bounds Subdivision

Building Details

  • Operating Expense $2,500
  • Gross Income $17,000
  • Net Operating Income $14,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,011

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1938
  • Inclusions: APPLN
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • Attribution Contact: 9319936140
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Other, Vinyl
  • Total Bedrooms: 6
  • Above Grade Finished Sq Ft: 2899
  • Building Area Units: Square Feet
  • Living Area: 2899
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Wood Siding
  • Pool Private: No
  • Roof: Metal
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric, Other
  • Heating Yn: Yes
  • Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s)
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: Commercial
  • Lot Size: 88M X 145M IRR
  • Lot Size Units: Acres
  • Parcel #: 079F G 01300 000
  • Property Attached Yn: Yes

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 17000
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 14500
  • Number Of Units Total: 2
  • Annual Operating Expense: 2500
  • Total Actual Rent: 1400

Tax Info

  • Tax Annual Amount: 1011

MLS Schools

  • Elementary School: Highland Rim Elementary
  • High School: Fayetteville High School
  • Middle Or Junior School: Fayetteville Middle School

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 -- $30,960 $7,120 $23,840
2023 $737 $20,440 $5,200 $15,240
2022 $430 $20,440 $5,200 $15,240
2021 $430 $20,440 $5,200 $15,240
2020 $732 $20,320 $5,200 $15,120
2019 $732 $20,320 $5,200 $15,120
2018 $706 $17,080 $3,600 $13,480
2017 $682 $17,080 $3,600 $13,480
2016 $682 $17,080 $3,600 $13,480
2015 $617 $17,080 $3,600 $13,480
2014 $390 $10,800 $2,250 $8,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2025 06/08/25 Price Changed $155,000 -22.1% $53 / Sq Ft
03/18/2025 03/18/25 For Sale $199,000 -- $69 / Sq Ft
Source: Realtracs

Purchase History

Date Type Sale Price Title Company
Deed $19,000 --
Deed $19,000 --
Deed $90,000 --
Deed $90,000 --
Deed $25,000 --
Deed $25,000 --
Deed -- --
Warranty Deed $1,500 --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $76,300 Commercial
Source: Public Records

Source: Realtracs

MLS Number: 2805585

Realtracs

APN: 079F-G-013.00