421 Montague Way - Residential Income FOR SALE


Madison, TN 37115
$699,000 USD
615-586-1756
421 Montague Way, Madison, TN for Sale
$699,000 USD
Residential Income - FOR SALE
1/1
null | Request Cap Rate

421 Montague Way
Madison, TN 37115


HIGHLIGHTS

  • Close proximity to Stratton Elementary, Madison Middle, and Hunters Lane High School, ensuring strong community appeal.
  • Features classic 1935 construction updated with modern systems, including central heating and cooling, updated plumbing, and renovated interior finish
  • Spacious two-story property with 2,668 square feet of interior space, featuring 5 bedrooms and 2.5 bathrooms, suitable for residential
  • Home includes partially finished basement, hardwood flooring, a large kitchen layout, and multiple living spaces for flexible accommodations.

OVERVIEW

A rare multi-unit investment opportunity in the heart of Madison, Tennessee. This substantial 1 story with full basement operates as a Group Home with 11 bedrooms, 4 bathrooms, 2 laundry rooms, recreation room - making it an ideal candidate for continued use or conversion to multi-family. The renovated building sits on an 11,875 SF lot with 2,668 SF of living space above grade and a 2,444 SF basement, offering nearly 5,112 SF +/- of total building area.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

Request Cap Rate

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

421 Montague - Group Home

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,048 SF

ZONING

RS10

APN/PARCEL ID

052-09-0-061

ASK ABOUT THIS PROPERTY

Derrick StarksStarks Development GroupMore Info
615-586-1756

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Derrick StarksStarks Development GroupMore Info
615-586-1756

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.