STABILIZED MIXED-USE | COMMERCIAL ZONING | CASH FLOWINGCurrently generating ~$7,900/month gross income with 5 of 6 income streams occupied.Income breakdown: 4 renovated 2BR / 1.5BA apartments at $1,600 each ($6,400 total) 2,700 sq ft warehouse/commercial space leased at $1,500 Separate garage/storage unit vacant with ~$389 monthly potentialAt full occupancy gross reaches ~$8,289/month, exceeding the 1% rule at the current $789,900 price and supporting strong 8-10%+ cap rates.Tenants pay all utilities (individually metered)Situated on 5.1 acres with commercial zoning and no HOA, the property offers a rare mixed-use combination of residential apartments, commercial warehouse space, and expansion land in a quiet setting just minutes from Dickson and about 1 hour west of Nashville.Recent infrastructure improvements include a septic system upgrade with new tank and field lines to support the property's multi-unit capacity.Majority of HVAC systems replaced within the past 5 years.Turnkey investment with proven rents. Appliances convey.---VALUE-ADD OPPORTUNITIES Rent the garage/storage unit (~$389/mo potential) Utilize the unfinished basement areas for storage or finish for extra living space Add RV pads with utilities Develop storage units or contractor yards (commercial zoning) Clear additional land for cabins, glamping, or additional structures
Listed By
Agency Name: Realty One Group Music City
Agency Phone: 6156368244
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 279.08 per month $0.00 Principal & Interest $279.08 Property Tax $0.00 Homeowner's InsuranceCrye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
151 Covington Ln | MLS# 3008963
This multi-family property located at 151 Covington Ln, Dickson, TN 37055 is currently listed for sale with an asking price of call for price. Search Dickson real estate on www.www.nataliebrown.crye-leike.com today.