5213 Austin Peay Hwy, Westmoreland, TN 37186
- $99,000
- 2,761
- SqFt
- List Price
- $99,000
- MLS#
- 3247739
- Days on Market
- 34
- Property Type
- Multifamily
- Sqft. of Residence
- 2,761
- County
- Sumner County
- Status
- ACTIVE
Property Description
Calling All Investors! Exceptional Value-Add Opportunity with Cash Flow Don't miss this rare opportunity to acquire a recently renovated, income-producing property in a prime downtown location. Major capital improvements have already been completed, including two HVAC units, and all new flooring, significantly reducing future maintenance expenses. This versatile property features three separate 2-bedroom, 1-bath units, offering multiple investment strategies. Currently, 1 of the 3 units are leased and generating income, while the other two units are undergoing a full renovation and presents the opportunity to add approximately $2400+ per month in additional rental income. Zoned Commercial, this property offers tremendous flexibility for investors and owner-users alike. Continue operating as residential rentals, convert units to professional offices, retail space, service businesses, or create a mixed-use investment. The existing 2-bedroom layout with kitchen could easily serve as office space, a boutique storefront, salon, studio, or other commercial use. Positioned in the heart of downtown and directly across from established businesses, the property benefits from excellent visibility, significant road frontage, and strong future growth potential. Highlights Include: Each unit has their own utility meters 3 units, each offering 2 bedrooms and 1 bathroom 1 units currently leased and cash flowing Value-add opportunity through 2 units fully renovated New roof Two new HVAC systems New flooring throughout Commercial zoning with multiple use possibilities Excellent downtown location Strong road frontage and visibility Ideal for investors, business owners, or mixed-use development Whether you're looking to expand your rental portfolio, establish a commercial presence, or capitalize on a flexible mixed-use investment, this property offers immediate income with significant upside potential.
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Additional Information
- Construction Type
- Brick, Block, Vinyl Siding
- Cooling System
- Wall/Window Unit(s)
- Elementary School
- Westmoreland Elementary
- Floor Types
- Carpet, Laminate, Luxury Vinyl
- Heating System
- Electric
- High School
- Westmoreland High School
- Junior High School
- Westmoreland Middle School
- Laundry
- Individual, Electric Dryer Hookup, Washer Hookup
- Living Area
- 2,761
- Lot Dimensions
- 62 X 88
- Number Of Stories
- 1
- Roofing Material
- Metal
- Sewer System
- Public Sewer
- Subdivision
- Downtown
- Tax Amount
- $2,319
- Water Source
- Public
- Year Built
- 1950
- Zoning
- COM/RES
- Type
- Multifamily
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Listing courtesy of Realty One Group Music City.
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