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Listed by Tyler C. King • Synergy Realty Network, LLC
$ 374,900
Est. payment | /mo
1,612 SqFt
$ 374,900
Est. payment | /mo
1,612 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,612 sqft
Price per Sqft $232
Subdivision Rainbow Terrace
MLS Listing ID 3232179
HOA Y/N No
Year Built 1982
Annual Tax Amount $3,497
Lot Dimensions 50 X 200
Property Description
Great opportunity to own an income-producing duplex in the growing Madison submarket of Nashville! Located at 705-707 Neelys Bend Rd, this property offers immediate upside with one unit currently rented thru 5/21/27 paying $1,125/mo. while the other side is occupied on a month-to-month lease at $995/month (under market), creating flexibility for investors or owner-occupants. The property provides strong potential for increased cash flow through rental adjustments, updates, or long-term hold appreciation as Madison continues to see steady redevelopment and investment activity. Conveniently positioned near Ellington Parkway, Rivergate, and downtown Nashville, the location offers easy access to shopping, restaurants, parks, and major commuter routes. Duplex properties with built-in income and value-add potential remain in high demand throughout the Nashville market. Whether you're looking to expand your rental portfolio, house hack with one side vacant, or secure a stable investment in a growing area, this property presents multiple opportunities. Strong rental demand and continued neighborhood growth make this an attractive addition for both seasoned and first-time investors alike. Property being sold as-is.
Location
State TN
County Davidson County
Zoning Rs10
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding
New Construction false
Schools
Elementary Schools Stratton Elementary
Middle Schools Madison Middle
High Schools Hunters Lane Comp High School
Others
Senior Community false
Special Listing Condition Standard
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