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Additional details
Listed by Deanay Cox • eXp Realty
$689,900
Est. payment /mo
4,612 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,612 sqft
Price per Sqft $149
Subdivision Flint Ridge
MLS Listing ID 3630056
HOA Y/N No
Year Built 2021
Annual Tax Amount $9,759
Lot Dimensions 85
Property Description
Four residences. One versatile opportunity. Priced Under appraised value. Don't miss out on the opportunity to own this turnkey Flint Ridge quadplex offering an appealing combination of established income, flexible ownership possibilities, and a convenient location near everyday amenities. This 4,612-square-foot property is comprised of four two-story, townhome-style residences, each offering 2 bedrooms and 2.5 bathrooms. Each unit features an open-concept main level with LVP flooring throughout the living areas and bathrooms, along with a kitchen equipped with a refrigerator, oven/range, microwave, and dishwasher. Washer/dryer hookups are also included. The upstairs bedrooms are carpeted and each includes a private en-suite bathroom and walk-in closet, offering a comfortable, well-designed layout for residents.
Current gross rental income is $4,648 per month ($55,776 annually) with all 4 units currently leased, delivering immediate rental income with potential for future rent-growth opportunities at lease renewal. An added financing opportunity may be available for VA buyers through an assumable VA mortgage with a 2.706% fixed interest rate. Loan assumption is subject to servicer approval, buyer qualification, and applicable VA entitlement requirements. Buyer will be responsible for the difference between the purchase price and assumed loan balance.
Seller is open to providing concessions toward buyer closing costs and/or an interest-rate buydown with an acceptable offer.
Current gross rental income is $4,648 per month ($55,776 annually) with all 4 units currently leased, delivering immediate rental income with potential for future rent-growth opportunities at lease renewal. An added financing opportunity may be available for VA buyers through an assumable VA mortgage with a 2.706% fixed interest rate. Loan assumption is subject to servicer approval, buyer qualification, and applicable VA entitlement requirements. Buyer will be responsible for the difference between the purchase price and assumed loan balance.
Seller is open to providing concessions toward buyer closing costs and/or an interest-rate buydown with an acceptable offer.
Location
State TN
County Montgomery County
Zoning R-4
Interior
Heating Electric, Heat Pump
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Luxury Vinyl
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
View Y/N false
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding
New Construction false
Schools
Elementary Schools Glenellen Elementary
Middle Schools Kenwood Middle School
High Schools Kenwood High School
Others
Senior Community false
Special Listing Condition Standard
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