4 Beds
2 Baths
1,191 SqFt
4 Beds
2 Baths
1,191 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,191 sqft
Price per Sqft $272
Subdivision Not In Subdivision
MLS Listing ID 9993906
Style Cottage,Other
Bedrooms 4
Full Baths 2
HOA Y/N No
Total Fin. Sqft 1191
Year Built 1920
Lot Size 2.000 Acres
Acres 2.0
Lot Dimensions 390 x 258 IRR
Property Sub-Type Single Family Residence
Source Tennessee/Virginia Regional MLS
Property Description
This property is zoned R-3, which allows for medium to high density residential use, creating multiple strategies including single family rental, duplex or multifamily conversion (where applicable), or future redevelopment.
For investors focused on increasing cash flow per parcel or scaling doors, R-3 zoning provides a significant advantage that other residential zoning.
The property is serviced by public sewer and city water, a major benefit for development potential.
The existing improvements include an almost fully finished 4 bedroom, 1 bath home with key updates already in place, including new flooring, bead board paneling, and newer windows. The biggest ticket items have been completed, allowing an investor to quickly bring the home to rent ready.
Or someone could live in one and finish the other building and have a rental.
In addition, a second structure on the property offers strong value add potential. With some work, this building could be finished into a separate living space, ideal for creating an additional rental unit, guest house, or supplemental income stream.
Whether you're looking for a light rehab with immediate rental upside, a multi-unit conversion, or a longer term redevelopment play to fully capitalize on the zoning, this property offers several clear paths to profitability.
Property is being sold as-is.
All information is deemed reliable but not guaranteed. Buyer / Buyer's agent to verify all information.
Location
State TN
County Washington
Community Not In Subdivision
Area 2.0
Zoning R 3
Direction Hwy 26 to State of Franklin Road, Turn left onto Indian Ridge Rd. Immediate left onto N. Barton Street, left on Elmwood Street to N. North Street- Right -1st property on Right. See sign.
Rooms
Basement Cellar, Concrete, Dirt Floor, Workshop
Interior
Heating Heat Pump
Cooling Heat Pump
Heat Source Heat Pump
Exterior
Roof Type Metal,Shingle
Topography Sloped
Building
Entry Level One
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Cottage, Other
Structure Type Concrete,Wood Siding,Plaster
New Construction No
Schools
Elementary Schools Woodland Elementary
Middle Schools Liberty Bell
High Schools Science Hill
Others
Senior Community No
Tax ID 045m C 004.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional