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511 Elizabeth St

Shelbyville, TN 37160
  • $475,000
  • STATUS: Under Contract - Showing
  • ON SITE: 109 Days
  • MLS #: RTC2558919
Under Contract
UPDATED: 32 min ago
$475,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,028
    SQFT
  • $94
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1935
County:

School Information

Elementary School:
Middle School:

Description

Money making investment property. 6 apartments. Approximate square footage for main house is 4244 & the external unit is approximately 784 sq ft for a total of 5028 sq ft. 6 units were renovated before the current owner purchased. Current owner has re-renovated 5 of the 6 units. Updated paint, flooring, appliances and hvacs. 5 of the 6 units are rented at the time of this listing. Seller is keeping Unit A (2 bedroom) open until it sells if an investor wants to live there & rent the other 5 units. No central air, 5 units have energy efficient mini split wall units for heat and air (see photos). Owner pays for water in all units. 4 units tenant pays electric, 2 owner pays electric. Natural gas available on property but not used. Seller says operating expenses includes their current mortgage.

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Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (Chamberlain Realty, 615-757-3627). IDX information © 2023 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or Chamberlain Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2023-11-29T22:05:51.807.

Based on information submitted to the MLS GRID as of 2023-11-29T22:05:51.807. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.allaboutnashville.com/homes/142366260
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511 Elizabeth St Shelbyville, TN 37160

  • Price: $475,000
  • Status: Under Contract - Showing
  • On Site: 109 Days
  • Updated: 32 min ago
  • MLS #: RTC2558919
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,028
SQFT
$94
$/SQFT
1935
Built
Neighborhood:
None
County:
Bedford
Elementary School:
Learning Way Elementary
Middle School:
Harris Middle School
High School:
Shelbyville Central High School
Property Description
Money making investment property. 6 apartments. Approximate square footage for main house is 4244 & the external unit is approximately 784 sq ft for a total of 5028 sq ft. 6 units were renovated before the current owner purchased. Current owner has re-renovated 5 of the 6 units. Updated paint, flooring, appliances and hvacs. 5 of the 6 units are rented at the time of this listing. Seller is keeping Unit A (2 bedroom) open until it sells if an investor wants to live there & rent the other 5 units. No central air, 5 units have energy efficient mini split wall units for heat and air (see photos). Owner pays for water in all units. 4 units tenant pays electric, 2 owner pays electric. Natural gas available on property but not used. Seller says operating expenses includes their current mortgage.
Exterior Features

Attached Garage YN No Carport Spaces 0 Carport YN No Construction Materials Vinyl Siding Covered Spaces 0 Garage YN No Levels One Lot Size Dimensions 134.78 X 140 IRR Open Parking Spaces 9 Parking Features DrivewayGravel Parking Total 9 Roof Metal View YN No Waterfront YN No

Interior Features

Above Grade Finished Area 5028 Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace YN No Flooring Finished WoodLaminateTileVinyl Heating ENERGY STAR Qualified Equipment Heating YN Yes

Property Features

Association YN No Building Area Total 5028 Contingency INSP Contingent Date 2023-11-11 Gross Income 70000 Inclusions APPLNNEGOT Net Operating Income 20000 New Construction YN No Operating Expense 50000 Owner Pays Water Pool Private YN No Property Attached YN Yes Sewer Public Sewer Special Listing Conditions Standard Stories 2 Tax Annual Amount 3663 Total Actual Rent 3850 Water Source Public Year Built Details EXIST Zoning Commercial

Realtracs Solutions logo Offered by Benchmark Realty, Llc: 6154773484. Copyright 2023 RealTracs, Inc. Information Is Believed To Be Accurate But Not Guaranteed. Listings courtesy of Realtracs MLS as distributed by MLS GRID.


Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (Chamberlain Realty, 615-757-3627). IDX information © 2023 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or Chamberlain Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2023-11-29T22:05:51.807.

Based on information submitted to the MLS GRID as of 2023-11-29T22:05:51.807. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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Chamberlain Realty
111 Shivel Dr.
Hendersonville TN, 37075