This 5-plex apartment building in East Nashville’s vibrant Five Points area offers a prime investment opportunity. With five income-producing units, it combines convenience and opportunity for future development. Recent upgrades include new roof, fresh exterior paint and new energy-efficient windows throughout! This investment property is a great addition to any rental portfolio. Unit 1 is 1 bed/1 bath with washer & dryer for $1,395/month lease ends 4/30/26. Unit 2 is 1 bed/1 bath for $1,395/month, Lease ends 6/30/26. Unit 3 is a fully furnished studio/1 bath for $1,275/month, Lease ends 7/31/26. Unit 4 is a fully renovated 2 bed/1 bath with washer & dryer for $1,850/month, Lease ends 8/12/25. Unit 5 is a 2 bed/1 bath with washer & dryer for $1,750/month, Lease ends 1/31/26. *The owner/lessor pays for water, trash, shared WiFi for units 4 & 5, pest control, landscaping, and maintenance. Apartments are individually metered and Tenants pay their own electric. Important Notes: Do not disturb tenants. Showings are approved upon accepted offer.
Financial Overview:
Gross Income: $91,980/year
Approximate Operating Expenses: $7,795/year (includes water, sewer, trash, WiFi, landscaping, maintenance)
Approximate Net Income: $84,185/year