Fully Renovated Duplex with 3BR
120 Cross Timbers Drive Nashville, TN 37221
120 Cross Timbers Drive, Nashville, TN, 37221
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For Sale
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Two renovated 3-bedroom residences with separate interior private entries provide turnkey income or multi-generational living.
Property Size2,340 SF
Price / SF$241.45
Days on Market43
Property Features for 120 Cross Timbers Drive
General Information
- Standard status
- Active
- Size
- 2,340 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1974
Listing agency
simpliHOM
Listed by
Romany Gayed · License #365468
Source
Crexi
Added: Jun 11 Updated: Jul 10 at 2:00PM Checked: Jul 22 at 6:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of simpliHOM
Investment Insights
Based on property information with market context.
This fully renovated duplex includes two spacious units, each with 3 bedrooms and 1.5 bathrooms. Both residences are accessed through a shared exterior entry, while private entrances inside create separation between the two living areas. The home has been updated throughout with fresh paint, new flooring, and new appliances, supporting a clean, move-in-ready feel.
The property is located near shopping, dining, parks, and major commuter routes, with convenient access to downtown Nashville. That combination of nearby daily conveniences and commuter connectivity can be helpful for tenants and owner-occupants alike.
For investors, the layout supports a two-unit rental setup with modernized finishes and updated appliances in each unit. For owner-occupants, the duplex configuration can be used to offset housing costs by renting the second unit while living in the other. The property’s practical design, privacy between units, and recent improvements make it well-suited for buyers looking for a ready-to-use residential income opportunity.
The property is located near shopping, dining, parks, and major commuter routes, with convenient access to downtown Nashville. That combination of nearby daily conveniences and commuter connectivity can be helpful for tenants and owner-occupants alike.
For investors, the layout supports a two-unit rental setup with modernized finishes and updated appliances in each unit. For owner-occupants, the duplex configuration can be used to offset housing costs by renting the second unit while living in the other. The property’s practical design, privacy between units, and recent improvements make it well-suited for buyers looking for a ready-to-use residential income opportunity.
Key Highlights
- Fully renovated duplex built in 1974 with two spacious 3‑bedroom, 1.5‑bath units
- Approx. 2,340 SF total living space with comfortable, spacious layouts in both residences
- Shared exterior entry with separate private interior entrances for each unit, offering added privacy
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $17.40 |
| − Vacancy | −$2.7k | −$1.17 |
| EGI | $38.0k | $16.23 |
| − OpEx | −$11.4k | −$4.87 |
| NOI | $26.6k | $11.36 |
2,340 SF · lease $17.40/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$379.7K
$332.3K – $443.0K
NOI $26,580 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$348.4K
$304.9K – $406.5K
NOI $24,391 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$786.2K
$688.0K – $917.3K
NOI $55,037 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two renovated 3-bedroom residences with separate interior private entries provide turnkey income or multi-generational living.
Where is this duplex located?
The property is located at 120 Cross Timbers Drive Nashville, TN.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Fully renovated duplex built in 1974 with two spacious 3‑bedroom, 1.5‑bath units; Approx. 2,340 SF total living space with comfortable, spacious layouts in both residences; Shared exterior entry with separate private interior entrances for each unit, offering added privacy
