Excellent investment opportunity close to the soon to be redeveloped Madison Square. Currently occupied DO NOT DISTURB TENANTS.
THIS LISTING IS FOR 11 OF THE 12 TOTAL UNITS. 1 UNIT IS UNDER CONTRACT. SEE MLS 2653777 FOR SINGLE UNIT LISTING. PROFORMA AMOUNTS ARE FOR 12 UNITS, NOT 11. PLEASE ADJUST THE PROFORMA TO REFLECT ONLY 11 UNITS. Beautiful Brand New Jackson Builders townhomes development in burgeoning Madison. 11 homes across 2 buildings, 22 open parking spaces. Enclosed community dumpster location. 2 bedroom PLUS flex room, 2.5 bath. Each home approx 1300 sq. ft.
This Property combined 3 Parcels of Raw Land ONLY ( MUL-A ZONING ) which has NO restrictions on building 70 separate units of NON OWNER OCCUPIED SHORT TERM RENTALS or STR's or you could build Apartments with this current zoning. 5.95 acres Plans are fully approved by Metro for 70 units of Townhomes. PLUS there are 3 parcels to build single family homes that cannot be Short Term Rentals . For a Total of 73 units. (70 Townhomes and 3 single family homes )on all 3 parcels. We have all engineered drawings from Dale and Associates. We also have bids from our dirt and infrastructure contractors and bids to construct the vertical buildings. From those bids we feel the cost will be105k per build ready pads (built in 4 separate phases) that includes the land and infrastructure. #1 Phase is 17 Units. This is an extremely different kind of land because land zoned MUL-A is normally apartment developments. I would Possibly be interested in a partnership/JV
SVN 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.
Multi-family, in-law or teen apartment.. one level home with a total of 5 bedrooms, 3 1/2 baths. Two kitchens, sunroom. . This is a great home with two separate living quarters. Side B has 3 bedrooms, 2 1/2 baths, a large great room with fireplace. Large kitchen , formal living room. Original tongue & groove hardwood Fresh paint throughout, New carpet, and padding, vinyl in owner's suite bath Side B and side A kitchen. Side A has two bedrooms, and 1 full bath with kitchen and living room. The corner lot is .91 acres. Mature trees, flower beds. Agent is related to seller.
Madison is located in Tennessee. Madison, Tennessee has a population of 40,778. Madison is less family-centric than the surrounding county with 25.01% of the households containing married families with children. The county average for households married with children is 28.59%.
The median household income in Madison, Tennessee is $39,579. The median household income for the surrounding county is $53,419 compared to the national median of $57,652. The median age of people living in Madison is 35.7 years.
The average high temperature in July is 88.1 degrees, with an average low temperature in January of 27.3 degrees. The average rainfall is approximately 51.1 inches per year, with 0.8 inches of snow per year.