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  • $4,900,000

    1514 Richmond Rd, Columbia, TN 38401

    5beds
    3baths
    28,000sqft
    Multi Family
    Built in 1990
    -- sqft lot
    $1,238,200 Zestimate®
    $175/sqft
    $1,923 Estimated rent

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    $1,923/mo

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    $1,923/mo

    Rent Zestimate®

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    $27,625/mo

    Est. payment

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    $27,625/mo

    Est. payment

    What's special

    Investment deal presents solid cap rate with growing market need. 15 duplexes (30 units) 100% occupied within 5 minutes of GM plant and new Ultium Cell Plant. 5 minutes to Target in Spring Hill, 10 minutes to downtown Columbia, 45 minutes to Nashville. Spring Hill High School within walking distance. Strong investment with definite value add opportunity. In 2023/2024 five new roofs installed, three new sets of windows installed. 22/23 four new HVAC installed. Each unit has their own washer/dryer connections, range, dishwasher, deck, private entry, and separate meters. Tenants pay for their own utilities, lawn maintenance, and provide their own refrigerator, washer and dryer. Spacious parking with private driveway to each unit. Each duplex on septic system. Excellent location with easy access to Saturn Parkway & I-65, shopping, restaurants, and schools. ***DO NOT DISTURB TENANTS*** Direct all questions to listing agents.

    Zillow last checked: 8 hours ago

    Listing updated: June 26, 2024 at 12:09pm

    Listing Provided by:

    Robert (Lee) Walker 931-797-5565,

    Crye-Leike, Inc., REALTORS,

    LINDA M WALKER, Broker, CRS, GRI 931-384-0599,

    Crye-Leike, Inc., REALTORS

    Bought with:

    Paula Lindsey, 358402

    Crye-Leike, Inc., REALTORS

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2671859MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Central, Natural Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Laundry: Individual
    Features
    • Flooring: Carpet, Tile, Vinyl
    • Has fireplace: No
    Interior area
    • Total structure area: 28,000
    • Total interior livable area: 28,000 sqft
    • Finished area above ground: 28,000

    Property

    Features
    • Levels: One
    • Stories: 1
    Details
    • Parcel number: 042I A 03200 000
    • Zoning: Rural Resi
    • Special conditions: Owner Agent,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1990

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Electricity Available, Water Available

    Community & neighborhood

    Location
    • Region: Columbia
    • Subdivision: Carter S Station Sec 1

    HOA & financial

    Other financial information
    • Total actual rent: 2400
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    Estimated market value
    $1,238,200