118 Main StSpringfield, TN 37172

Property Details for 118 Main St

Year built

1973

Lot size

0.69 AC

Property size (Sq ft)

8,548 SF

Property type

Other mixed-use properties

Property subtype

Mixed-use properties

Description

This exceptional investment opportunity presents a meticulously maintained eight-unit mixed-use property situated at 118 N Main Street in the heart of historic Springfield, Tennessee. The property encompasses a substantial 8,548 square feet on a 0.69-acre lot. The portfolio comprises six two-bedroom, one-and-a-half-bathroom townhomes and two two-bedroom, two-bathroom flats. Each unit is individually deeded, offering flexibility for future division or individual sales, should the owner desire. Recent upgrades include new flooring and paint throughout all units, ensuring a move-in ready condition for current tenants. Kitchen appliances are included in each unit. The property boasts a roof approximately eight years old, demonstrating responsible maintenance. The current high occupancy rate of 100% is further enhanced by long-term tenants who express a desire to remain. This property benefits from its prime location within a revitalizing area, with new developments and planned upgrades to nearby buildings promising continued growth and appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multi-unit property in a desirable historic setting. The asking price is $1,695,000.

Location Insight

City

Springfield

County

Robertson County, TN

State

Tennessee

Latitude

36.5157

Longitude

-86.8837

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