406 Hedgemont Ave, Fayetteville, TN 37334
- $584,900
- 3,300
- SqFt
- List Price
- $584,900
- MLS#
- 3243400
- Days on Market
- 42
- Property Type
- Multifamily
- Sqft. of Residence
- 3,300
- County
- Lincoln County
- Status
- ACTIVE
Property Description
Investment opportunity meets modern living in the heart of Fayetteville! Built in 2023, this exceptional triplex offers the perfect blend of immediate cash flow and owner-occupant flexibility. Whether you're looking to expand your real estate portfolio or take advantage of a house-hacking opportunity, this property delivers. One unit is vacant and move-in ready, allowing you to live on-site while generating rental income from the two occupied units - or lease the third unit and maximize your returns from day one. Each of the three units features approximately 1,100 square feet of thoughtfully designed living space with 3 bedrooms and 2 bathrooms. All appliances remain, including the stove, microwave, refrigerator, and washer/dryer combo, making this a truly turnkey investment. Situated on a 0.24-acre lot, each unit enjoys access to green space in the backyard, providing tenants and owners alike with room to relax and enjoy the outdoors. Convenience is key, with two dedicated driveway parking spaces per unit and a prime location within walking distance of downtown Fayetteville, schools, parks, shopping, dining, and everyday amenities. Only 45 minutes to Huntsville, Tullahoma, NASA Marshall Space Flight Center and Arnold AFB. Opportunities to own a newer construction multi-family property with established rental income and owner-occupant potential are incredibly rare. Don't miss your chance to own this modern, income-producing triplex in one of Fayetteville's most desirable locations! **Special Financing** 3.5% FHA or 5% Conventional Down payment minimum requirements are available while having tenant occupied units contribute toward your DTI as Qualifying Income. Have tenants pay your mortgage while building equity, and still have a private 3 bed 2 bath home. DSCR and Other Investment Loans are also available. See listing agent for details!
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Additional Information
- Construction Type
- Vinyl Siding
- Cooling System
- Ceiling Fan(s), Central Air, Electric
- Elementary School
- Ralph Askins School
- Floor Types
- Vinyl
- Heating System
- Central, Electric
- High School
- Fayetteville High School
- Junior High School
- Fayetteville Middle School
- Laundry
- Individual, Electric Dryer Hookup, Washer Hookup
- Living Area
- 3,300
- Lot Dimensions
- 0.24
- Number Of Stories
- 2
- Roofing Material
- Shingle
- Sewer System
- Public Sewer
- Subdivision
- N/A
- Tax Amount
- $3,250
- Water Source
- Public
- Year Built
- 2023
- Zoning
- A2
- Type
- Multifamily
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Listing courtesy of Elam Real Estate.
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.