For Sale
$759,000

806 Powers AveNashville, TN 37206

Three-unit multifamily, high NOI

Overview

Added:
Dec 11, 2024
Days on market:
113
This three-unit apartment building, located at 806 Powers Ave in Nashville, Tennessee, presents a compelling investment opportunity. Built in 1948, the property boasts a total of 2,381 square feet and features eight parking spaces, with dedicated parking for each unit. The building includes a main unit on the ground level, currently undergoing interior painting, and two additional units. One unit is described as a "helper unit" and is not separately metered. The property benefits from a recently completed exterior renovation, including new siding, paint, and roof. Further improvements are planned, including gutter installation and yard seeding. The fenced backyard adds to the property's appeal. The property is offered in "as is" condition, with inspections welcome, but the seller will not make any repairs. The building's strong financial performance is highlighted by a Net Operating Income (NOI) of $63,867, making it an attractive cash-flowing asset. Its location in the desirable East Nashville neighborhood provides excellent rental potential. The asking price for this rare opportunity is $759,000.

Highlights

  • $759,000 asking price.
  • Three-unit apartment building in Nashville, TN.
  • 2,381 square feet.
  • $63,867 Net Operating Income (NOI).
  • Eight parking spaces.
  • Built in 1948.

Property Details for 806 Powers Ave

Property type
Apartment buildings
Square Feet
2,381 SF
Year Built
1948
Units
3

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.1853599
Longitude
-86.7294935
806 Powers Ave, Nashville, Tennessee

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806 Powers Ave
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