300 N 37th Ave, Nashville, TN 37209
- $860,000
- 3,156
- SqFt
- List Price
- $860,000
- Status
- ACTIVE
- Days on Market
- 11
- MLS#
- 3288626
- Subtype
- Residential Income
- Year Built
- 1945
- Living Area
- 3,156
- Subdivision
- Hortense Place
Property Description
Exceptional Investment Opportunity in Sylvan Heights Income-producing quadplex in the highly desirable Sylvan Heights neighborhood with immediate upside potential. The property consists of four units with a strong rental history. All tenants are currently on month-to-month leases and have been long-term residents for 2–5 years, providing flexibility for an investor to continue operating as a rental or pursue redevelopment. Current rents are below market, creating an opportunity to increase cash flow through rental adjustments or value-add improvements. Recent capital improvements include two new HVAC systems and some other appliances wtihin the past 24 months. The property is zoned RS5 and currently has three utility meters. Buyers should verify redevelopment possibilities with Metro Codes to determine what may be built if the existing structure is removed. Located just minutes from downtown Nashville with convenient access to restaurants, shopping, parks, and major thoroughfares. Showings by accepted contract only. No low-ball offers, please. Not THAT motivated:)
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Additional Information
- Zoning
- RS5
- Exterior Construction
- Stone, Vinyl Siding
- Stories
- 2
- Parking Features
- Driveway, Gravel
- Elementary School
- Sylvan Park Paideia Design Center
- Middle School
- West End Middle School
- High School
- Hillsboro Comp High School
- View
- City
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Listing courtesy of eXp Realty.
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