Sold

530 Spencer Ave, Gallatin, TN 37066

Sqft
1,725

View property features, location on map, relevant school information and overview from seller's agent.

Listed byThe Ashton Real Estate Group of RE/MAX Advantage
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Overview

Multiple offers received. Please submit your highest and best offers with a minimum deadline of Sunday, 8/31, at 5:00 PM. Immediate Investment Opportunity! Multi-unit property in Gallatin! 530 Spencer Ave presents a rare opportunity to own three income-producing units across two homes, with long-term tenants already in place for more than three years each. The main house, originally built in 1920, is divided into two units. The lower unit, 530A, offers approximately 1,150 square feet with two bedrooms, one bathroom, a large living room, and a separate dining area. The upper unit, 530B includes one bedroom, one bathroom, and a bonus room. In addition to the main house, the property also features a detached single-family home at 213 Factory Street, estimated at around 800 square feet, which includes two bedrooms and one bathroom. Recent upgrades add to the appeal of this investment, with new roofs installed on all buildings in May 2021. The property benefits from a stable rental history, solid tenant base, and valuable multi-unit flexibility, offering both consistent cash flow and strong long-term appreciation potential. For investors seeking a property with proven performance, this is a unique opportunity to expand or start a rental portfolio in a desirable location. Up to 1% lender credit if buyer uses Seller's Preferred Lender.

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
1,725
Year built
1920

Utilities

Heating
Central, Natural gas
Cooling
Central air, Electric
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount
$2,020

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Realtracs MLS®#: 2981291 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.