515 Donald Ave Goodlettsville, TN 37072
- Residential income homes
- 1,350 SF
Current Use by Public Records
- Residential income homes
Property Details for 515 Donald Ave
- Year built
- 1966
- Property size
- 1,350 SF
- Property type
- Residential income homes
Description
This all-brick duplex in Goodlettsville, Tennessee offers a compelling investment opportunity. Situated on Donald Avenue in a quiet, established neighborhood, this property provides convenient access to shopping and Interstate 65. The 1,350 square foot property, built in 1966, consists of two units: a one-bedroom, one-bathroom unit and a two-bedroom, one-bathroom unit. Each unit features separate electric and water meters, simplifying utility management. Currently rented on month-to-month leases, this property generates a Net Operating Income (NOI) of $10,800, resulting in a 2.77% capitalization rate. The asking price is $389,900, translating to $194,950 per unit and $288.81 per square foot. The property is zoned residential (Res) and presents a solid foundation for a stable rental income stream. This is an excellent opportunity for investors seeking a turnkey multifamily investment in a desirable location. The property's location and existing tenancy make it an attractive option for immediate cash flow and long-term appreciation potential.
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
- Goodlettsville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.7117
- Latitude
- 36.3119
