202A E Palestine Ave, Madison, TN 37115
202A E Palestine Ave, Madison, TN 37115
202A E Palestine Ave, Madison, TN 37115
16
Listed by Edward Klem • Coldwell Banker Southern Realty
Bought with Nathan Fay • Arrow Property Management
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Est.Price: ?

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1,612 SqFt

202A E Palestine Ave Madison, TN 37115

Est. payment /mo

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Key Details

Sold Price -

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 1,612 sqft

Subdivision Bailey

MLS Listing ID 3173152

Sold Date -

HOA Y/N false

Year Built 1983

Annual Tax Amount $3,522

Lot Dimensions 49 X 156

Property Description

One of 5 duplex units creating 10 full units completely rented and always rented. This is investors dream with instant revenue stream. Currently posting a NOI over $133k per year and that will only increase. Some rents under market and 2 units increasing rent by $248 per month. All of this with super low expenses as all units on separate utility meters. All units are 2-bedroom 1 bath units and recently remodeled as well. Each unit features a wood burning fireplace and believe it or not, washer and dryer inside the unit as well. Great setup to properties as occupants have either a downstairs patio or second floor deck. Owner recently replaced roofs plus finished other repairs and updates for this sale. Less than 8 miles from downtown, 3 miles to Opry Mall and just seconds to new shopping district.

Location

State TN

County Davidson County

Zoning Res

Interior

Heating Baseboard

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplace N

Exterior

Utilities Available Water Available

View Y/N false

Roof Type Shingle

Private Pool false

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

New Construction false

Schools

Elementary Schools Stratton Elementary

Middle Schools Madison Middle

High Schools Hunters Lane Comp High School

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Nearby Locations

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Refiner Realty

Refiner Realty

Company Site License ID: 265029

+1(615) 487-0300

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