738 29th Ave, N, Nashville, TN 37209
Active $699,900
No Baths
-- Beds
2,798 SqFt
0 Acres
- Turnkey, fully occupied 3-unit multifamily investment property at 738 29th Avenue North generating $3,650/month ($43,800/year) in gross rental income. Positioned in a prime Nashville rental corridor with off-street parking for all units and quick access to I-40 and I-440, this triplex sits just 5 minutes from TSU, Fisk, Meharry, and Centennial Park, 7 minutes from Vanderbilt, and 10 minutes from Belmont and Lipscomb. Unit Mix & Current Rent Roll: - Unit A ($1,150/mo): Single-level 2-bedroom, 1-bath end unit. - Unit B ($1,000/mo): Partially subterranean 2-bedroom, 1-bath unit oriented perpendicular to Unit A. - Unit C ($1,500/mo): Spacious 2-story, 3-bedroom, 1.5-bath unit—the only unit with in-unit laundry, featuring a front-loading washer and dryer that convey with the sale. Financial Snapshot (Trailing 12 Months): - Gross Scheduled Rent: $3,650.00/mo ($43,800.00/yr) - Property Taxes: $518.35/mo ($6,220.20/yr) - Net Operating Income (Before Maintenance/CapEx): $3,131.65/mo ($37,579.80/yr) All three units are currently leased with a verified rent roll, offering immediate cash flow and strong long-term rental demand near five major universities and downtown Nashville. ** Please DO NOT disturb tenants; showings subject to accepted offer or coordinated notice.** All units are currently occupied and paying per the attached 12-month rent roll and financial statemen
- Year Built: 1973
- Air: Central Air,Wall/Window Unit(s)
- Heat: Baseboard,Central
- Water: Public
- Sewer: Public Sewer
MLS#: 3636607
NEW Just listed — be the first to see it
· 2,798 sq ft
Alex Warren, REALTOR®
Affiliate Broker, PARIS
731-819-7536
My name is Alex Warren, and I am happy to call Dresden, Tennessee, my hometown. Growing up on a chicken farm instilled in me a strong work ethic and a deep appreciation for the value of hard labor. I ...
JUST LISTED
Just listed — be the first to see it
This property at $700K won't last.
Only 0 days on market.
Get in the door before someone else does.