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300 37th Ave N, Nashville, Tennessee, United States, 37209

785,000
for Sale

About the property:

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:)
Property Type:
Residential Income
Status:
for Sale
House Style:
Other
Square Feet:
3156
Directions:
From Downtown Nashville: Take West End Ave west. Turn right onto Murphy Rd. Turn left onto 37th Ave N. Continue to 300 37th Ave N. The property is on the right-hand corner of 37th Ave N and Nevada Ave.
Is Investment:
Yes
Is Market:
Yes
Is Media:
Yes
Is Other:
Yes
Is Unit:
Yes
Listing ID:
RTC3288626

Rooms

Dimensions

Brokered by:
Exp Realty
Presented By:

Amy Kempf

Broker

Reliant Realty ERA Powered