Estimated payment $2,370/month
Highlights
- No HOA
- Central Heating
- Property has 1 Level
- Cooling Available
- Vinyl Flooring
About This Home
This is an exceptional investment opportunity featuring 8 rental units across three separate properties, with significant value add potential. Two tenants vacated when learning of the sale, but the remaining tenants have been in place for years and have a strong payment history. Excellent opportunity to get tenants to market rates!
The property offers a mix of unit types to appeal to a wide range of renters. There are two 2-bedroom, 1-bath duplex units, three studio-style efficiency apartments, each with 1 bath, and a house with two 2 bedroom, 1 bath downstairs units.
All buildings separately metered! Recent updates include a new septic pump installed in 2024 and HVAC servicing for the triplex completed in December 2024. This property offers a unique opportunity to capitalize on below-market rents and long-term tenants with a strong payment history, making it an ideal investment for those seeking stable cash flow and future growth potential.
Listing Agent
Keller Williams Realty Nashville/Franklin Brokerage Phone: 6156398815 License #355368 Listed on: 07/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $644
Year Built
- Built in 1994
Lot Details
- Lot Dimensions are 114x200
Home Design
- Vinyl Siding
Interior Spaces
- 9 Bedrooms
- 4,640 Sq Ft Home
- Property has 1 Level
- Vinyl Flooring
Schools
- East Hickman Elementary School
- East Hickman Middle School
- East Hickman High School
Utilities
- Cooling Available
- Central Heating
- Septic Tank
Listing and Financial Details
- The owner pays for electricity, gas, water
- Rent includes electricity, gas, water
- Assessor Parcel Number 041038 14200 00005038
Community Details
Overview
- No Home Owners Association
- 8 Units
- Milton Brooks Subdivision
Building Details
- Operating Expense $21,300
- Gross Income $33,600
- Net Operating Income $12,300
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 | $644 | $27,600 | -- | -- |
| 2023 | $644 | $27,600 | $0 | $0 |
| 2022 | $644 | $27,600 | $0 | $0 |
| 2021 | $622 | $22,225 | $0 | $0 |
| 2020 | $622 | $22,225 | $0 | $0 |
| 2019 | $629 | $22,225 | $0 | $0 |
| 2018 | $622 | $22,225 | $0 | $0 |
| 2017 | $639 | $21,725 | $0 | $0 |
| 2016 | $639 | $21,725 | $0 | $0 |
| 2014 | $552 | $21,721 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | For Sale | $425,000 | -- | $92 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $79,502 | New Conventional |
Source: Realtracs
MLS Number: 2963910
APN: 038-142.00
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