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Listed by Ron Hodges • Compass RE
$ 369,900
Est. payment /mo
New
2504 Highland Trace Dr Nashville, TN 37207
1,664 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,664 sqft
Price per Sqft $222
Subdivision Highland Trace
MLS Listing ID 3547811
HOA Y/N No
Year Built 1984
Annual Tax Amount $3,520
Lot Dimensions 73 X 129
Property Description
Investment opportunity in Nashville with two income-producing units, tenants in place, and meaningful rental upside. Priced at $369,900, 2504 Highland Trace Dr currently generates $1,700 per month, with one long-term tenant paying $800/month on a month-to-month agreement and the second paying $900/month with a lease through April 2027. Both tenants are open to staying, offering an investor immediate rental continuity from day one.
Current rents have historically been kept below area rental levels, creating an opportunity for future income growth as leases allow. For buyers looking to house hack, the month-to-month tenancy also provides potential future flexibility to occupy one side while generating income from the other.
Qualified owner-occupants may also be eligible for 100% conventional financing with no PMI through select lending programs. Convenient access to Briley Parkway, Whites Creek Pike and major Nashville corridors adds to the property's long-term rental appeal.
Whether you're adding to an existing portfolio, completing a 1031 exchange or purchasing your first two-unit investment, this property offers immediate income, tenant stability and future upside, all under $370,000. Buyer and buyer's agent to independently verify lease terms, rental information, financing eligibility and future rental projections.
Current rents have historically been kept below area rental levels, creating an opportunity for future income growth as leases allow. For buyers looking to house hack, the month-to-month tenancy also provides potential future flexibility to occupy one side while generating income from the other.
Qualified owner-occupants may also be eligible for 100% conventional financing with no PMI through select lending programs. Convenient access to Briley Parkway, Whites Creek Pike and major Nashville corridors adds to the property's long-term rental appeal.
Whether you're adding to an existing portfolio, completing a 1031 exchange or purchasing your first two-unit investment, this property offers immediate income, tenant stability and future upside, all under $370,000. Buyer and buyer's agent to independently verify lease terms, rental information, financing eligibility and future rental projections.
Location
State TN
County Davidson County
Zoning R8
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplace N
Exterior
Utilities 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 Alex Green Elementary
Middle Schools Brick Church Middle School
High Schools Whites Creek High
Others
Senior Community false
Special Listing Condition Standard
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