530 Spencer Ave Save Request In-Person Tour Request Virtual Tour
Gallatin,TN 37066
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,725 sqft
Price per Sqft $173
Subdivision Na
MLS Listing ID 2981291
HOA Y/N No
Year Built 1920
Annual Tax Amount $2,020
Lot Dimensions 75X150
Property Description
Multiple offers received. Please submit your highest and best offers with a minimum deadline of Sunday, 8/31, at 5:00 PM. Immediate Investment Opportunity! Multi-unit property in Gallatin! 530 Spencer Ave presents a rare opportunity to own three income-producing units across two homes, with long-term tenants already in place for more than three years each. The main house, originally built in 1920, is divided into two units. The lower unit, 530A, offers approximately 1,150 square feet with two bedrooms, one bathroom, a large living room, and a separate dining area. The upper unit, 530B includes one bedroom, one bathroom, and a bonus room. In addition to the main house, the property also features a detached single-family home at 213 Factory Street, estimated at around 800 square feet, which includes two bedrooms and one bathroom. Recent upgrades add to the appeal of this investment, with new roofs installed on all buildings in May 2021. The property benefits from a stable rental history, solid tenant base, and valuable multi-unit flexibility, offering both consistent cash flow and strong long-term appreciation potential. For investors seeking a property with proven performance, this is a unique opportunity to expand or start a rental portfolio in a desirable location. Up to 1% lender credit if buyer uses Seller's Preferred Lender.
Location
State TN
County Sumner County
Zoning COM
Interior
Heating Central,Natural Gas
Cooling Central Air,Electric
Flooring Carpet,Vinyl
Fireplace N
Exterior
Utilities Available Electricity Available,Natural Gas Available,Water Available
View Y/N false
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Guild Elementary
Middle Schools Rucker Stewart Middle
High Schools Gallatin Senior High School
Others
Senior Community false
Special Listing Condition Standard