Tuesday, January 16, 2007

Great Investment Opportunity!

I just co-listed a nice sized duplex in Nashville, just off Gallatin Rd. The duplex is the next exit up from Opryland (if you're coming from the south), so is convenient to everything. Here's more information:

Address: 1107 Richmond Rd., Nashville, TN 37216
Price: $172,500
Duplex: 3 Bedrooms, 1 bath each side
Basement: Full basement with one-car, side-entry garage. Basement is not divided so renters will share. Washer/dryer hookups in basement.
Yard: Big fenced backyard, with separate fencing for garden spot. Large deck, mature trees.
Appliances: Refrigerators (2), Dishwasher (2), Stove (1)
Schools: Dan Mills Elementary, Isaac Litton Middle, and Stratford Comprehensive High School
Other Info: Home needs a little TLC, being sold as-is. Seller to provide paint for new owner. Hardwood floors need to be sanded and restained, but will be BEAUTIFUL once complete. Electric AC, Gas heat. Taxes $1,600 p/year.
Co-Listing Agent: Susie Davenport

If you're interested, the mortgage payment would be approximately $1150 p/month. You'd need to figure in taxes (another $133 p/month) plus insurance ($100'ish) for a total payment of $1,382 p/month. Rent half of it for $700 p/month and your mortgage payment drops to (approximately) $782. Call me at (615) 491-2161 if you want more info or if you'd like a personal tour!


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