5213 Austin Peay Hwy, Westmoreland, TN 37186
Local realty services provided by:Better Homes and Gardens Real Estate Heritage Group
5213 Austin Peay Hwy,Westmoreland, TN 37186
$99,000
- - Beds
- - Baths
- 2,761 sq. ft.
- Multi-family
- Active
Listed by: cara hermes
Office: realty one group music city
MLS#:3247739
Source:NASHVILLE
Price summary
- Price:$99,000
- Price per sq. ft.:$35.86
About this home
Calling All Investors! Exceptional Value-Add Opportunity with Cash Flow
Don't miss this rare opportunity to acquire a recently renovated, income-producing property in a prime downtown location. Major capital improvements have already been completed, including two HVAC units, and all new flooring, significantly reducing future maintenance expenses.
This versatile property features three separate 2-bedroom, 1-bath units, offering multiple investment strategies. Currently, 1 of the 3 units are leased and generating income, while the other two units are undergoing a full renovation and presents the opportunity to add approximately $2400+ per month in additional rental income. Zoned Commercial, this property offers tremendous flexibility for investors and owner-users alike. Continue operating as residential rentals, convert units to professional offices, retail space, service businesses, or create a mixed-use investment. The existing 2-bedroom layout with kitchen could easily serve as office space, a boutique storefront, salon, studio, or other commercial use. Positioned in the heart of downtown and directly across from established businesses, the property benefits from excellent visibility, significant road frontage, and strong future growth potential. Highlights Include: Each unit has their own utility meters 3 units, each offering 2 bedrooms and 1 bathroom 1 units currently leased and cash flowing Value-add opportunity through 2 units fully renovated New roof Two new HVAC systems New flooring throughout Commercial zoning with multiple use possibilities Excellent downtown location Strong road frontage and visibility Ideal for investors, business owners, or mixed-use development Whether you're looking to expand your rental portfolio, establish a commercial presence, or capitalize on a flexible mixed-use investment, this property offers immediate income with significant upside potential....
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Home facts
- Year built:1950
- Subdivision & Development:Downtown
- Listing ID #:3247739
- Added:141 day(s) ago
- Updated:November 12, 2026 at 04:13 PM
Rooms and interior
- Flooring:Carpet, Laminate
- Living area:2,761 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Electric
Structure and exterior
- Roof:Metal
- Year built:1950
- Building area:2,761 sq. ft.
- Construction Materials:Brick, Vinyl Siding
- Levels:1 Story
Schools
- High school:Westmoreland High School
- Middle school:Westmoreland Middle School
- Elementary school:Westmoreland Elementary
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$99,000
- Price per sq. ft.:$35.86
- Tax amount:$2,319
Features and amenities
- Amenities:Fire Alarm, Smoke Detector(s)
Parking
- Total parking spaces:8
- Parking description:Aggregate, Concrete, Driveway
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