120 Bethany LnShelbyville, TN 37160

Property Details for 120 Bethany Ln

Year built

2005

Lot size

5.34 AC

Property size (Sq ft)

4,992 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

002089F G 00900

APU

002089FG00900

Description

This exceptional Shelbyville, TN investment property, located at 120 Bethany Ln, 37160, offers a unique blend of established income and future development potential. The property encompasses 9,984 square feet on a 5.34-acre lot, featuring two tenant-occupied buildings, each with eight 2-bedroom, 1-bathroom units totaling 4,992 square feet. Nine of the sixteen units boast leases exceeding two years, providing a stable income stream. Built in 2005, the property is zoned COMM and boasts a paved parking lot and expansive grassy area. The asking price is $1,850,000, translating to $185.30 per square foot. This presents a rare chance to acquire a well-maintained, income-producing asset with significant upside for future commercial development in a thriving Bedford County location. The property's original owner is selling, offering a unique opportunity for investors seeking a stable return and long-term growth potential. This turnkey investment is ready for immediate income generation and future expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $1,309,229

  6.5%

  $1,208,519

  7%

  $1,122,196

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,260,378

  Geo Method

  $1,509,296

• Alternative Use

  Use

  Valuation

  Residential

  $1,208,519

  Hospitality

  $1,106,997

  Educational

  $921,008

  Medical

  $952,683

  Retail

  $1,432,680

Location Insight

City

Shelbyville

County

Bedford

State

Tennessee

Latitude

35.481

Longitude

-86.4387

CBSA code

43180

CBSA name

SHELBYVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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