For Sale: 5213 Austin Peay Highway Investor Opportunity 2,700+ Square Feet Triplex For Sale in Westmoreland, TN 37186
MLS Number For This Home in Nashville, Tennessee: 2081879
A Holloway Home Group Listing (under agent Erin Holloway: 615-939-4085)
For more real estate information, visit: Hollowayhomegroup.com
Introduction to 5213 Austin Peay Highway
A unique investment opportunity has recently become available in Westmoreland, TN. With a 9.3% cap rate, this three-unit triplex could easily earn $675 per month, per rental space. And that rent rate could also rise, with just a few finishing touches. Currently, this facility offers new flooring, a new roof, and two new HVAC units. Two of the units offer two bedrooms and one full bathroom, and the last unit houses one bedroom and one full bathroom. All units are on the ground level, each with front windows and a cement front porch. A few upgrades to the property would help create fresh living spaces for prospective tenants in Westmoreland, TN.
5213 Austin Peay Highway Features
Each unit in this facility offers a kitchen, stocked with the necessary appliances. The spaces furnish a dishwasher, refrigerator, microwave, and a stove and oven. While each kitchen’s layout and design features are unique to the unit, they are all able to accommodate the basic needs of a single family. The units are moderate in size, but leave plenty of room for character. Built in the 1950s, the property elicits a retro atmosphere. The paneled accent walls suggest a shabby-chic vibe that could be a charming element in farmhouse or industrial home decor themes.
Business Growth Planned for Westmoreland, TN
Earlier this year, one of the nation’s largest home building companies announced its plan to open a supply facility in Westmoreland, TN. Clayton Supply® will be investing 14 million in the county, and over the next two years, it will be adding 110 jobs. This is significant news for Sumner County and Westmoreland’s population of just under 2,500 residents. This is also good news for potential residential real estate investors in the Westmoreland community.
Restaurants Near 5213 Austin Peay Highway
Westmoreland, TN is located about an hour outside of Nashville, TN. Its quiet country life caters to a simpler lifestyle, away from the busyness of a big city. A small population lessens the need for a wide variety of restaurant options. But, there are still a few options not far from this residential building. These restaurants are less than two miles from 5213 Austin Peay Highway:
Cathy’s Country Cupboard
Windy City Grills
La Quesadilla Mexican Grill
Hardee’s
Taco Bell
Shops and Activities:
Westmoreland’s quaint character offers wide-open spaces and shops for the essentials. For a lovely Saturday afternoon, residents of Westmoreland, Tennessee can host an outdoor picnic at Mayor Ricky Woodward Community Park. Dr. Thomas F. Carter Park offers a playground for the whole family to enjoy an outdoor activity together. The communities surrounding Westmoreland also offer a few other pastimes. Here are a few places to visit and a couple of local shops to pick-up weekly needs.
Wynnewood State Historical Site
Cragfont Museum House
Bledsoe Creek State Park
Mike’s Foodland
Price Less Foods
School District:
This triplex is zoned for three schools: Westmoreland Elementary School, Westmoreland Middle School, and Westmoreland High School. There are also a few daycare options for parents with preschool children. These options include Lighthouse Learning Center and Jungle Explorers Preschool and Daycare, the latter of which is just a little further of a drive away. There are also two colleges within 20 miles from Westmoreland. These two schools are Daymar College (Scottsville) and Vol State Community College. Both schools offer a variety of degree options for adults seeking to continue their education.
If you are looking for that perfect home or looking to sell that special home, call Holloway Home Group agent Erin Holloway at 615-939-4085 or email hollowayhomegroup@gmail.com. Holloway Home Group can also help you buy another house or determine your home’s value. Don’t wait – call us today: (615) 778-1818. For more updates on new listings or real estate activity, follow us on Instagram!