What if your next home came with three existing rental income streams? This unique Old Hickory property offers the opportunity to live in a spacious 1940s bungalow while collecting rent from three additional living spaces, all just minutes from Old Hickory Lake recreation and convenient to downtown Nashville.
The main house… Read More offers approximately 1,948 square feet with three bedrooms, one-and-a-half baths, a living room, separate dining room, spacious eat-in kitchen, laundry/mudroom, and a cozy wood-paneled den with a fireplace. A basement adds storage and possibilities. The bungalow retains its vintage character but needs updating, but could be lived in while renovating. This is an opportunity for someone with vision.
Upstairs, a studio apartment features hardwood floors, a full bathroom, and its own exterior entrance. Behind the bungalow, a detached cinder-block duplex provides two additional one-bedroom, one-bath apartments, including one recently renovated unit with updated cabinetry, appliances, flooring, bathroom, and mini-split system.
All three additional living spaces are currently rented, generating a combined $2,890 per month, or $34,680 in annualized gross rental income at current rates.
Enjoy nearby Old Hickory Lake, marinas, boating, fishing, and recreation, along with the charm of historic Old Hickory Village and convenient access to downtown Nashville. Live in the main house while collecting rental income, or explore the possibilities of a long-term investment. A distinctive property with space, income, and potential. Selling as-is. Buyer to verify square footage, rental information, and permitted uses. Read Less
Courtesy of Crye-Leike Music City.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Partial Baths
1
Square Ft.
3,256
Lot Size
0.25 Acres
Year Built
1945
MLS Number
3627804
Additional Details
Appliances & Equipment
Built-In Electric Oven, Refrigerator
Basement
Full, Unfinished
Building
Built in 1945, Year Built Details: Existing, Living area: 3256, Living area units: Square Feet, Levels: One, Construction Materials: Aluminum Siding
Cooling
Ceiling Fan(s), Central Air, Wall/Window Unit(s)
Floors
Carpet, Wood, Luxury Vinyl, Tile, Vinyl
Foundation
Block
Heating
Central
Lot
0.25 acres, Dimensions: 75 X 171, Level, Topography: Level
Sewer
Public Sewer
Taxes
Parcel Number: 05312004800, Annual Amount: $4,613
Utilities
Water Available, Water Source: Public
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