$800,000
$850,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
6,402 SqFt
SOLD DATE : 04/05/2023
Key Details
Sold Price $800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,402 sqft
Price per Sqft $124
Subdivision Downtown
MLS Listing ID 2494619
Sold Date 04/05/23
HOA Y/N No
Year Built 1972
Annual Tax Amount $4,297
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 85X150
Property Description
This is an excellent investment opportunity in Downtown Dickson. Midtown Apartments is all brick and concrete construction. 8 efficiency apartments downstairs & 4 two bedroom, one bath apartments upstairs. Utilities included downstairs. With minimal work, rents could bring in $120,000/year. Many tenants have lived here for 10-20+ years and have been good caretakers of the property. Owner does pay some utilities. Many units are currently MTM and rents can be raised immediately. This space could be great for 55+ living, transitional or sober living facility, or keep it as the apartment it is today. We have pest control scheduled for the first week of every month. Property Management is in place and can remain. Inspections may be scheduled after negotiated contract. *Do not disturb tenants.*
Location
State TN
County Dickson County
Zoning Commercial
Interior
Heating Central, Natural Gas
Cooling Central Air, Electric
Flooring Carpet, Laminate, Vinyl
Fireplace N
Exterior
Waterfront false
View Y/N true
View City
Roof Type Shingle
Parking Type Parking Lot
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Centennial Elementary
Middle Schools Dickson Middle School
High Schools Dickson County High School
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