209 E Webster St, Madison, Tennessee 37115

TN, Madison
$554,999 $599,999
  • Under Contract Status
  • Day 42 Under Contract Contract accepted - open contingencies
  • Residential Income Property Type
  • 2046 Total Sqft $271/sqft
  • 1982 Year Built
Property Description

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.

Property Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • MLS #: 2640789
  • Price: $554,999
  • Square Footage: 2,046 Sqft
  • Year Built: 1982
  • Office Name: SVN Accel Commercial Real Estate
  • Agent Name: Jake Clark
  • Property Attached: Yes
  • Roof: Metal
  • Listing Status: Active Under Contract
Location Info
  • Street Number: 209
  • Street: E Webster St
  • City Madison
  • State TN
  • Zipcode 37115
  • County Davidson County, TN
  • Subdivision Montague
  • Longitude: W87° 18' 10.6''
  • Latitude: N36° 4' 47.5''
  • Zoning: OR20
  • Directions: Gallatin Pike N, turn left onto E Webster St, Property is on the left.
Features
  • Heating System Baseboard
  • Cooling System Wall/Window Unit(s)
  • Utilities Water Available
  • Flooring Laminate
  • Laundry Features Electric Dryer Hookup, Washer Hookup, Individual
  • Sewer Public Sewer
Schools
  • Elementary School: Stratton Elementary
  • Middle School: Madison Middle
  • High School: Hunters Lane Comp High School
Additional Info
  • Water Source: Public
  • Building Size: 2,046
  • Construction Materials: Brick, Vinyl Siding
  • Levels: One
  • Lot Size Dimensions: 62 X 129
  • Number Of Units Total: 4
  • On Market Date: April 11th, 2024
  • Previous Price: $599,999
  • Stories: 2
Financial
  • Annual Tax Amount: $2,529
Listing Data
  • Mls Status: Under Contract - Showing
  • Originating System Name: RealTracs
  • Special Listing Conditions: Standard
  • Modification Timestamp: Jan 14th, 2025 @ 11:23pm
  • Status Change Timestamp: Dec 11th, 2024 @ 1:26am
mls grid

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