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Property profile & analytics
OFF-MARKET Estimated value $2,400,000
Residential income homes

120 Bethany Ln Shelbyville, TN 37160-4141

4,992 SF 5.34 ac lot Built 2005
Trust Owned 12-yr Hold Free & Clear
Property ID
US80-0389786
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 2005
Total area 4,992 SF
Lot 5.34 ac (232,610 SF)
APN 002089F G 00900
UPID US80-0389786
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.40M
Owner & transaction history
Jackson,john K & Norma A Trust · 12 yrs held
Jackson,john K & Norma A Trust
since 2013
Last sale
$2.4M
3 recorded transactions
2013
Price N/A
2001
$22,000
2001
$10,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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