209 E Webster St, Madison, TN 37115

$510,000
2,046
SqFt

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Sold Price
$510,000
List Price
$554,999
Closing Date
Feb 04, 2025
MLS#
2640789
Year Built
1982
Living Area
2,046
County
Davidson
Subdivision
Montague

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.

Additional Information

Lot Dimensions
62 X 129
Subdivision
Montague
Agent Email
jake.clark@svn.com
Water
Public
Images
0, 1, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 2, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 3, 30, 31, 32, 4, 5, 6, 7, 8, 9
Cooling
Window/Wall
Year Built
1982
Heating
Baseboard
Parking Spaces
4
Stories
2

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Listing courtesy of SVN Accel Commercial Real Estate. Selling Office: eXp Realty.

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