156 Park Ave, Gallatin, TN 37066
2 Unit Apartment Building | $359,900 ($179,950/Unit) | 8.37% Cap Rate | Gallatin, TN 37066
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $359,900
- Property Type
-
Multifamily
- Square Feet
- 1,986 SF
Listing Contacts
Amy Dorley
Verified Profile
- Property Info
Property Overview
MOTIVATED Seller! Seller offering up to 5k in concessions towards closing costs, upgrades, etc. Duplex located near downtown Gallatin. Side 1 is 2 bed/1 bath. Side 2 is 1 bed/1 bath. Zoned commercial, although in residential neighborhood. Roof, gutters, and front porch railing updated May 2023. HUGE storage building with concrete flooring and electricity. Inside needs updating. This property presents an excellent opportunity for investors looking to add a reliable income stream to their portfolio or for homeowners looking to offset mortgage costs with rental income. Buyers/Buyer's Agent to verify all pertinent information. Property is zoned commercial although located in residential neighborhood. Inspections welcome, being sold "As Is".Please allow 24 hour notice to show, and do not bother tenants. Currently 6 month lease with tenants, however will become month to month lease with bound contact.
Property Details
- Class
- C
- Year Built
- 1940
- Stories
- 2
- Property Subtype
- Dormitory
- Units
- 2
Nearby Properties
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