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151 Covington Ln 6 Unit Apartment Building $1,115,340 CAD ($185,890 CAD/Unit) 8.09% Cap Rate Dickson, TN 37055
EXECUTIVE SUMMARY
6 rentable units on one property - 4 residential apartments, 1 seperate garage/storage, and 1 warehouse/commercial. 5 acre property consisting of residential quadplex with full unfinished basement and 2700 sq ft metal building. Shop has finished area w/ office with bathroom. Acreage is flat and mostly clear. Quiet and secluded location. Also not far from town. Res quad units have had renovations. No HOA. Commercial zoning. Could be great for investors but also for house hackers - can purchase with FHA and conventional.
PROPERTY FACTS
| Price | $1,115,340 CAD | Building Class | C |
| Price Per Unit | $185,890 CAD | Lot Size | 5.10 AC |
| Sale Type | Investment | Building Size | 6,951 SF |
| Cap Rate | 8.09% | Average Occupancy | 0% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1986/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | commercial - Dual residential and commercial zoning | ||
| Price | $1,115,340 CAD |
| Price Per Unit | $185,890 CAD |
| Sale Type | Investment |
| Cap Rate | 8.09% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.10 AC |
| Building Size | 6,951 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built/Renovated | 1986/2024 |
| Opportunity Zone |
Yes |
| Zoning | commercial - Dual residential and commercial zoning |
AMENITIES
UNIT AMENITIES
- Kitchen
- Basement
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $2,094 CAD | 2,520 |
| 2+1 | 4 | $2,373 CAD | 1,372 |
| Studios | 1 | $488.57 CAD | 350 |
1 1
PROPERTY TAXES
| Parcel Number | 022121 02502 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $416,061 CAD |
PROPERTY TAXES
Parcel Number
022121 02502
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$416,061 CAD
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151 Covington Ln
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