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151 Covington Ln 6 Unit Apartment Building $799,000 ($133,167/Unit) 8.09% Cap Rate Dickson, TN 37055
EXECUTIVE SUMMARY
6 rentable units on one property - 4 residential apartments, 1 seperate garage/storage, and 1 warehouse/commercial. 5 acre property consisting of residential quadplex with full unfinished basement and 2700 sq ft metal building. Shop has finished area w/ office with bathroom. Acreage is flat and mostly clear. Quiet and secluded location. Also not far from town. Res quad units have had renovations. No HOA. Commercial zoning. Could be great for investors but also for house hackers - can purchase with FHA and conventional.
PROPERTY FACTS
| Price | $799,000 | Building Class | C |
| Price Per Unit | $133,167 | Lot Size | 5.10 AC |
| Sale Type | Investment | Building Size | 6,951 SF |
| Cap Rate | 8.09% | Average Occupancy | 0% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1986/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | commercial - Dual residential and commercial zoning | ||
| Price | $799,000 |
| Price Per Unit | $133,167 |
| Sale Type | Investment |
| Cap Rate | 8.09% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.10 AC |
| Building Size | 6,951 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built/Renovated | 1986/2024 |
| Opportunity Zone |
Yes |
| Zoning | commercial - Dual residential and commercial zoning |
AMENITIES
UNIT AMENITIES
- Kitchen
- Basement
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,500 | 2,520 |
| 2+1 | 4 | $1,700 | 1,372 |
| Studios | 1 | $350.00 | 350 |
1 1
PROPERTY TAXES
| Parcel Number | 022121 02502 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $296,640 |
PROPERTY TAXES
Parcel Number
022121 02502
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$296,640
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151 Covington Ln
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