Summary
This is currently a 5 unit property is located in the Midtown area of Nashville. The location is as good as it gets and less than a half mile to Vanderbilt and 5 minutes to Broadway. You have the flexibility to either renovate and rent the property or tear down and build up to 5 units.
This is RM20 zoning which allows for 20 units per acre. This is a .27 acre lot (biggest on the street), which is why it allows for 5 units/townhomes.
Units are currently vacant and you can rent the property out, as-is, for roughly $6,500 and cover your note while you get your permitting done for a 5 unit development play in one of the hottest areas of Nashville.
DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
Street View
Location
current deal
comparables
available
sold
#2
$123k
$99k
| Bedrooms | |
| Bathrooms | |
| Sq. footage |
Deals nearby
Available
Sold