3-Bedroom
2240 Cason Ln, Murfreesboro, TN 37128
For Sale
$409,900
Open living areas, a fenced backyard with sun deck, and access to a clubhouse and swimming pools shape this Murfreesboro home.
Property Size1,995 SF
Price / SF$205.46
Days on Market11
Property Features for 2240 Cason Ln
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
clubhouse
swimming pools
Building Details
Building Size
Year Built
Listing Agency:
eXp Realty
Listed By:
Jessica Huggett · License #325262
(615) 477-5867
Source:
Thevillerealestate
Added: Oct 29
Changed: Nov 7
Last Checked: Nov 7 at 12:34PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Built in 2017, this 1,995-square-foot townhome has three bedrooms, two and one-half baths, an open floor plan, and a media room. The kitchen features granite countertops, upgraded cabinetry, a backsplash, and appliances that remain with the home. Hardwood flooring, tiled bathrooms, storm doors, and extra garage storage are additional features. A two-car garage and fenced backyard with a sun deck complete the property. The HVAC system was installed in June 2022; the roof is approximately eight years old.
The home is in Murfreesboro, with shopping, restaurants, medical facilities, churches, and major highways described as convenient to the property. Community amenities include a clubhouse and swimming pools.
The home is in Murfreesboro, with shopping, restaurants, medical facilities, churches, and major highways described as convenient to the property. Community amenities include a clubhouse and swimming pools.
Key Highlights
- Three bedrooms, 2.5 baths, and a media room
- 1,995 square feet; built in 2017
- Kitchen appliances remain; granite counters and upgraded cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,386
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,720
$327.7K
Cap Rate 7%
$234,086
$234.1K
Cap Rate 9%
$182,067
$182.1K
Market Conditions
NOI Build-Up for 1,995 SF
Gross rent
$31.4K $15.72/SF
− Vacancy
−$1.6K −$0.79/SF
EGI
$29.8K $14.93/SF
− OpEx
−$13.4K −$6.72/SF
NOI
$16.4K $8.21/SF
Area
Murfreesboro, TN
Vacancy
5.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,720
Cap Rate 7%
$234,086
Cap Rate 9%
$182,067
Alternative Uses
Best Use
Apartment 5plus
$234.1K
$204.8K – $273.1K
NOI $16,386 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.9K
$440.1K – $586.8K
NOI $35,206 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
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Business Placement
Demographics for 37128, TN
70,329
Population
29,190
Households
2.4
Avg Household Size
34
Median Age
38%
College-Educated
95%
High-School Grad
56.7 sq mi
ZIP Area
1,240
Density / Sq Mi
$89,069
Median Household Income
$46,844
Median Earnings
$1,514
Median Rent
$364,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Open living areas, a fenced backyard with sun deck, and access to a clubhouse and swimming pools shape this Murfreesboro home.
Where is this residential income property located?
The property is located at 2240 Cason Ln Murfreesboro, TN.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Three bedrooms, 2.5 baths, and a media room; 1,995 square feet; built in 2017; Kitchen appliances remain; granite counters and upgraded cabinetry
