120 Bethany Ln Shelbyville, TN 37160-4141
- Residential income homes
- 4,992 SF
- 5.34 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 120 Bethany Ln
- Year built
- 2005
- Lot size
- 5.34 lot acres
- Property size
- 4,992 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 002089F G 00900
- APU
- 002089FG00900
Description
This exceptional Shelbyville, TN investment property, located at 120 Bethany Ln, 37160, offers a unique blend of established income and future development potential. The property encompasses 9,984 square feet on a 5.34-acre lot, featuring two tenant-occupied buildings, each with eight 2-bedroom, 1-bathroom units totaling 4,992 square feet. Nine of the sixteen units boast leases exceeding two years, providing a stable income stream. Built in 2005, the property is zoned COMM and boasts a paved parking lot and expansive grassy area. The asking price is $1,850,000, translating to $185.30 per square foot. This presents a rare chance to acquire a well-maintained, income-producing asset with significant upside for future commercial development in a thriving Bedford County location. The property's original owner is selling, offering a unique opportunity for investors seeking a stable return and long-term growth potential. This turnkey investment is ready for immediate income generation and future expansion.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,280,000
- 6.5%
- $2,455,000
- 7%
- $2,175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,080,000
- Geo Method
- $2,000,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,110,000
- Retail
- $2,120,000
- Mixed-Use
- $2,090,000
- Hospitality
- $2,010,000
- Educational
- $2,495,000
- Residential Income
- $2,105,000
- Energy
- $2,400,000
- Income-Based Land
- $1,855,000
- Food Service
- $2,020,000
Location Insight
- Map
- Local Demand
- City
- Shelbyville
- County
- Bedford
- State
- Tennessee
- Longitude
- -86.4387
- Latitude
- 35.481
- CBSA code
- 43180
- CBSA name
- SHELBYVILLE, TN MICROPOLITAN STATISTICAL AREA
