Price:
$209,000
Beds:
2
Baths:
1
Living Area SqFt:
832
Status:
Active
Property Type:
Single Family Residence
Lot Size Acres:
0.42
Lot Size SqFt:
18,295
Year Built:
1943
Neighborhood:
Cartmell & Styles
Days on Website:
59
Courtesy of Castle Heights Realty.
‘;
Property Description
This property inside the infill overlay presents an excellent investment opportunity! With the potential for high density multifamily or up to 5 units + 1 ADU on a 0.42-acre lot, it’s located in a highly desirable area close to Cumberland University, the Historic Town Square, shopping, dining, and more. (All measurements are approx recommend survey.) The existing single-family home has been generating rental income ($850/month) until November. It’s already connected to all city utilities. Great opportunity for a college rental or more! More details for infill overlay will be attached.
Property Details and Features
- Appliances & Equipment
- Description: “Built-In Electric Oven”, “Electric Range”
- Basement
- Description: “Crawl Space”
- Bathrooms
- Full Bathrooms: 1
- Half Bathrooms: 0
- Bedrooms
- Total Bathrooms: 2
- Main Level Bedrooms: 2
- Building
- Finished Area Above Grade: 832
- Area: 832
- Building Area: 832
- Construction Materials: “Asbestos”
- Levels: “One”
- Stories: 1
- Year Built: 1943
- Year Built Details: EXIST
- Cooling
- Details: “Central Air”
- Floors
- Flooring: “Laminate”
- Garage
- Garage Spaces: 0
- Heating
- Heating: “Central”
- Listing
- Days on Market: 39
- Listing Price: 209000
- Status: Active
- Location
- Address: 316 Hobbs Ave
- City: Lebanon
- State: TN
- Zip: 37087
- County: Wilson County, TN
- Subdivision: Cartmell & Styles
- Directions: I-40 to Lebanon, Exit Hwy 231 and Go North, Turn Left on Leeville Pike, Turn Left on South Maple, Turn Right on Hobbs Blue house on Left
- Lot
- Acres: 0.42
- Size: 0.42
- Dimensions: 153.4 X 256.1 IRR
- Size Source: Calculated from Plat
- Size Units: Acres
- Parking
- Covered Spaces: 0
- Parking Total: 0
- Schools
- Elementary: Byars Dowdy Elementary
- Middle/Junior High: Winfree Bryant Middle School
- High School: Lebanon High School
- Utilities
- Sewer: “Public Sewer”
- Water Source: “Public”
- Utilities: “Water Available”
Property Map
$209,000 – 316 Hobbs Ave, Lebanon, TN 37087
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