Update: We have an accepted offer on this property. We are now considering backup offers.
Beau Beach, MBA CCIM presents:
Well maintained, one owner property! First time ever available for purchase due to a death in the family. Priced to sell.
Beautifully Renovated
4 total units in 2 identical buildings. All 4 units are 960 SF, 2 bedrooms, 1.5 bathrooms with full-size washer/dryer hookups. First bedroom is 13′ x 10′. Second bedroom is 11′ x 11′.
Two massive parcels known as 1116 Greenland and 1116c Greenland totaling .86 acre.
Built in 1976 and recently updated from top to bottom. All new electrical, new kitchens, new full bathrooms, new half bathrooms, new appliances, new flooring and the list goes on. All the hard work is done!
Eat-in kitchen with patio doors that lead to the oversized backyard. Hard surface floors downstairs and carpet upstairs. Plenty of surface parking. Metal roofs. Survey available by request.
Sold as-is with a few hours of punch-list items remaining like bulbs, blinds, paint touchup, etc.
No Headaches
Tenants pay all utilities. The only utilities are water and electricity which are separately metered by unit. Wired for cable.
You won’t inherit any problem tenants. These units are vacant and ready for your self-selected tenants at your chosen rental rates. We estimate the market rents are $1600-$1800 per month per two bedroom unit.
The only landlord expenses are property insurance, property taxes, lawn/snow and maintenance as needed.
Property Tours
All potential buyers must first view the video tours of each unit. In person tours will only be available to serious buyers after they’ve been prequalified as the last step in this process.
Convenient Location
Less than a block from Gallatin Avenue. 4 minutes to Briley Parkway, 7 minutes to I-65, 10 minutes to Nashville’s downtown core.
Neighborhood offers a mix of rental and owner occupied homes.
Zoning
Zoned RS10 with OV-UZO Overlay. RS10 is intended for low-to-medium density residential, requiring a minimum of 10,000 square foot lot and intended for single-family dwellings at a density of 3.7 dwelling units per acre.
Buyer Requirements
All buyers will be required to provide a Loan Pre-Approval Letter plus proof of funds for the down payment. No time wasters. We’re going to select the buyer who is most likely to close.
Priced to ensure a timely sale. Don’t miss this opportunity. We’ll prepare the paperwork.
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LOCATION DESCRIPTION:
East Nashville Neighborhood
East Nashville is an area east of downtown Nashville across the Cumberland River. The area is mostly residential and mixed-use areas with businesses lining the main boulevards.
East Nashville has a quirky vibe and a buzzing food and nightlife scene. The Five Points area is known for its street art, upbeat bars and trendy fine-dining restaurants, while nearby Fatherland Street is the place to go for offbeat shops. In leafy Shelby Park, the Greenway is a paved tree-lined path winding along the Cumberland River. Nissan Stadium fills with crowds for Titans football home games.
East Nashville is an area of creative and artistic flair. It has a trendy progressive atmosphere and after ten plus years of a slow and steady rise, the neighborhood has managed to keep its eclectic, artsy vibe while welcoming a diverse mix of newcomers.
Like it attracted many in the late 19th century, it continues to attract young urban professionals and liberal minds because of the easy-going environment and quaint neighborhood qualities. There are many coffee shops and art galleries interwoven within the neighborhoods making it a biker’s or walkers’ paradise.
The Tomato Art Fest is a popular summer festival in East Nashville specifically at the Five Points, where Woodland, Clearview and 11th streets intersect. There are many other festivals and fairs throughout the year also.
Nashville
Residential redevelopment has taken hold of the outer neighborhoods and has significantly brought up home prices and more young people are calling it home.
Nashville is the capital and most populous city of the U.S. state of Tennessee. The city is the county seat of Davidson County and is located on the Cumberland River. The city’s population ranks 24th in the U.S. According to 2018 estimates from the U.S. Census Bureau, the total consolidated city-county population stood at 692,587.
Located in northern Middle Tennessee, Nashville is the major city of the largest metropolitan area in Tennessee. The 2018 population of the Nashville-Davidson–Murfreesboro–Columbia combined statistical area, a larger trade area, was 2,057,416.
Since 1963, Nashville has had a consolidated city-county government, which includes six smaller municipalities in a two-tier system.
Nashville is a center for the music, healthcare, publishing, private prison, banking, and transportation industries. It is home to numerous colleges and universities, such as Tennessee State University, Vanderbilt University, Belmont University, Fisk University, and Lipscomb University.
Entities with headquarters in the city include Asurion, Bridgestone Americas, Captain D’s, CoreCivic, Dollar General, Hospital Corporation of America, LifeWay Christian Resources, Logan’s Roadhouse, and Ryman Hospitality Properties.
- Price: $999,000
- Area: .86 acres
- Phone Number: 615-200-9330
- Space (s.f.): 3,840 SF