Courtesy of Real Property Management Key Response.
Property Description
Great duplex in Madison with an excellent cap rate for today’s market. Brought in $3200 per month combined rent when both units were last occupied. Unit A: Ready to move in but could use some attention and freshening up/ updates. Hardwood floors through the front half of the home. Fresh paint. HVAC unit replaced in 2023 and under warranty. Unit B: Currently occupied with a long term good paying tenant. This unit was updated with a recent renovation and is in great shape. LVP floors. Both sides feature decks facing the backyard. Very large lot with great future development potential. 2 level storage shed included with sale. Could be an income producing investment or live in one side and rent the other.
Property Details and Features
- Appliances & Equipment
- Description: “Electric Oven”, “Range”, “Dishwasher”, “Refrigerator”
- Basement
- Description: “Crawl Space”
- Bathrooms
- Full Bathrooms: 4
- Half Bathrooms: 0
- Bedrooms
- Total Bathrooms: 6
- Main Level Bedrooms: 6
- Building
- Finished Area Above Grade: 2450
- Area: 2450
- Architecture: “Ranch”
- Building Area: 2450
- Construction Materials: “Vinyl Siding”
- Levels: “One”
- Stories: 1
- Year Built: 1954
- Year Built Details: EXIST
- Cooling
- Details: “Central Air”, “Electric”
- Exterior Features
- Features: “Storage”
- Patio Features: “Patio”, “Covered”, “Deck”
- Fence
- Description: “Chain Link”
- Floors
- Flooring: “Wood”, “Laminate”, “Tile”, “Vinyl”
- Garage
- Garage Spaces: 0
- Heating
- Heating: “Central”, “Electric”, “Heat Pump”
- Laundry
- Description: “Electric Dryer Hookup”, “Washer Hookup”
- Listing
- Days on Market: 6
- Listing Price: 379900
- Status: Under Contract – Showing
- Location
- Address: 316 Archwood Dr
- City: Madison
- State: TN
- Zip: 37115
- County: Davidson County, TN
- Subdivision: Archwood Acres
- Directions: From Nashville take I-65 to Rivergate parkway exit. Turn right. Continue straight over Gallatin road onto Myatt Drive. Turn left on Anderson lane then right on Archwood. Home will be on the left
- Lot
- Features: “Rolling Slope”
- Acres: 0.97
- Size: 0.97
- Dimensions: 91 X 365
- Size Source: Assessor
- Size Units: Acres
- Parking
- Carport Spaces: 1
- Covered Spaces: 1
- Parking Total: 1
- Roof
- Description: “Shingle”
- Schools
- Elementary: Amqui Elementary
- Middle/Junior High: Madison Middle
- High School: Hunters Lane Comp High School
- Utilities
- Sewer: “Public Sewer”
- Water Source: “Public”
- Utilities: “Electricity Available”, “Water Available”
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