118 Main St Springfield, TN 37172
- Mixed-use properties
- 8,548 SF
- 0.69 lot acres
Current Use by Public Records
- NxtLvl Culture / Clothing Store
Property Details for 118 Main St
- Year built
- 1973
- Lot size
- 0.69 lot acres
- Property size
- 8,548 SF
- Property type
- Mixed-use properties
Description
This exceptional investment opportunity presents a meticulously maintained eight-unit mixed-use property situated at 118 N Main Street in the heart of historic Springfield, Tennessee. The property encompasses a substantial 8,548 square feet on a 0.69-acre lot. The portfolio comprises six two-bedroom, one-and-a-half-bathroom townhomes and two two-bedroom, two-bathroom flats. Each unit is individually deeded, offering flexibility for future division or individual sales, should the owner desire. Recent upgrades include new flooring and paint throughout all units, ensuring a move-in ready condition for current tenants. Kitchen appliances are included in each unit. The property boasts a roof approximately eight years old, demonstrating responsible maintenance. The current high occupancy rate of 100% is further enhanced by long-term tenants who express a desire to remain. This property benefits from its prime location within a revitalizing area, with new developments and planned upgrades to nearby buildings promising continued growth and appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multi-unit property in a desirable historic setting. The asking price is $1,695,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Robertson County, TN
- State
- Tennessee
- Longitude
- -86.8837
- Latitude
- 36.5157
