Address
304 Washington St E, Fayetteville, TN
Price
$ 295,000
Property Attributes
  • MLS#2624465
  • TypeMulti-Family
  • CountyLINCOLN
  • CityFayetteville
  • Neighborhoodmetes-bounds
  • Zip37334
  • StyleQuadruplex
  • Year Built1900
  • Taxes$ 1759
  • Price$ 295,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage2874
Data Source:
Listing courtesy of RealTracs MLS as distributed by MLS GRID
Property Description

Welcome to your next savvy investment! This meticulously maintained multi-family quadplex offers a rare chance to own a lucrative piece of real estate in the heart of Fayetteville. With its excellent location, well-designed units, and strong rental history, this property is a dream come true for investors seeking both stability and growth potential. With all units currently leased, this quadplex presents an attractive income opportunity for investors. The strong rental history and high demand for housing in the area ensure consistent cash flow and a solid return on investment. For investors looking to maximize returns, there's potential to enhance the property's value through strategic renovations or updates to increase rental income. Don't miss out on this exceptional investment opportunity! Whether you're a seasoned investor or just starting out, this quadplex offers the perfect combination of stability, income potential, and growth.

Elementary School Middle School High School
Ralph Askins School Elementary School Fayetteville Middle School Fayetteville High School
Price History
2/29/2024 Listed $295,000

General Features

Sewer Public Sewer
Heating Electric,Natural Gas
Cooling Wall/Window Unit(s)
Utilities Electricity Available,Water Available
Possession Close Of Escrow
Zoning RES
Construction Materials Vinyl Siding
Year Built 1900
Stories 2
Levels One
Gross Income 31800
County Lincoln County,TN
Net Operating Income 29300
Operating Expense 2500
New Construction No
Property Type Residential Income
Attached Garage No
Subdivision Name metes/bounds
Garage Y/N No
Status Active
Directions From Fayetteville square,turn right onto Washington St E,900 ft destination is on your left.
High School Fayetteville High School
City Fayetteville
View Y/N No
NumberOfUnitsTotal 4
Lot Size Units Acres
Waterfront Y/N No
Carport Spaces 1
Carport Y/N Yes
Elementary School Ralph Askins School
Property Attached Y/N Yes
Year Built Details HIST
Tax Annual Amount 1759
Middle/Junior High School Fayetteville Middle School
Days on Market 14
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 2650

Interior Features

Flooring Laminate,Vinyl
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 2874
Below Grade Finished Area Unit Type Square Feet
LivingAreaSource Assessor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet

Exterior Features

Parking Features Unassigned
Water Source Public
Total Parking 1
Inclusions OTHER
Building Area Total 2874
Lot Dimensions 75X106 IRR
Covered Spaces 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 37334

Price
AVG $330K
$300K
Taxes
AVG $2,214
$1,759
Visits
AVG 100
139
Data Provided by Inside Real Estate®
Year Built
AVG 1974
1900