1510 S Main St Columbia, TN 38401
Commercially zoned duplex, renovated side rented, fixer-upper potential.
- Added:
- May 21, 2024
- Days on Market:
- 782
- Last Refresh:
- May 12 at 9:59 pm
Property Features for 1510 S Main St
General Information
- Standard status
- Active
- Size
- 1,457 SF
- Property subtype
- Multifamily
Listing office Crye-Leike Columbia (615) 428-9968
Listing date May 21, 2024
Source Crexi
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 Crye-Leike Columbia
Investment Insights
Based on property information with market context.
Key Highlights
- Commercially Zoned Duplex in Downtown Area
- One Side (A) is Completely Renovated and Currently Rented
- Other Side (B) is a Fixer‑Upper: Opportunity for Renovation and Increased Value
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 | $20.6k | $14.16 |
| − Vacancy | −$293 | −$0.20 |
| EGI | $20.3k | $13.96 |
| − OpEx | −$6.1k | −$4.19 |
| NOI | $14.2k | $9.77 |
