TN > Gallatin > Na
Gallatin, TN 37066,530 Spencer Ave
Gallatin, TN 37066,530 Spencer Ave
Gallatin, TN 37066,530 Spencer Ave
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Listed by Gary Ashton • The Ashton Real Estate Group of RE/MAX Advantage
$300,000
Est. payment /mo
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1,725 SqFt
Active Under Contract

530 Spencer Ave Gallatin, TN 37066

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Tony Forster

Tony Forster

+1(615) 500-0069

UPDATED:

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

RealTracs IDX
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Tony Forster
Tony Forster

Broker Associate | License ID: 340870

+1(615) 500-0069

tonyforster.epiquerealty.com

Nashville, 37215, USA

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530 Spencer Ave