206A E Palestine Ave, Madison, TN

Others for Sale - $1,950,000


Agent Info

Edward Klem
Coldwell Banker Southern Realty

Property Info

CIMLS#1190028
Location
  206A E Palestine Ave
  Madison TN 37115
UpdatedApril 11th, 2026
TypeOthers
Price$1,950,000

Property Description

This once in a lifetime offerings is for 10 units covering over 3 buildings. All units are currently rented and have been renovated. Also new roofs recently done and each unit has separate utility meters to lower owner cost. Super upside exists to increase rents plus 2 units currently approved via VA/VASH housing program increasing rents to $1550.00. Excellent location with close proximity to major highways, approximately 7 miles to downtown Nashville, Vanderbilt Medical and so much more. New shopping center coming to Madison as well. First floor residents have covered porch while second floor residents have outside deck. Plenty of parking and exception yard space as well. Make up each building will be 4 per building and 2 units in one other building. Each unit has wood burning fireplace, spacious kitchen and inside laundry hookups, also a very rare feature for units in the area. 5 seperate property id's means you can sell of each duplex if desired at a later time but this property is generating excellent returns with only more to come in the future.


Financials


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