542 Ashe Ave New Johnsonville, TN $ 1,895,000
542 Ashe Ave
$ 1,895,000
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542 Ashe Ave

New Johnsonville, TN, 37134
$ 1,895,000
Bedrooms4 Baths2.0 Sq 18,720

Monthly Estimate*

$ 13,237

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Multi-Family Home for sale in New Johnsonville, TN

for $1,895,000 with 4 bedrooms and 2 full baths. This 18,720 square foot home was built in 1969.

Welcome to your next lucrative investment venture in the heart of New Johnsonville! This 24-unit apartment complex offers you the perfect opportunity to grow your real estate portfolio and maximize your returns. With spacious two-bedroom, one-bath units and proximity to the area's largest employers, this is a promising value-add property with a built-in revenue potential. Select units have been tastefully updated with new vinyl floors, fresh paint, and modern appliances, providing an attractive incentive for prospective tenants and rent increases. With a combination of updated units and rent increases in progress, this property offers substantial income growth potential. Additionally, the location's strong demand for housing, thanks to the proximity to major employers, makes it an ideal investment for long-term financial security. The included property management company is well-versed in the intricacies of the complex, enabling a smooth transition for the new owner. Don't miss out!

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Multi-Family Active

Price

$ 1,895,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 6,928

Style

Multi Family

Year Built

1969

Town/City

New Johnsonville

County/Region

Humphreys

MLS | Web ID

2592966

Features
General
Sewer Septic Tank
Heating Baseboard Electric Other
Cooling Wall/Window Unit(s)
Utilities Electricity Available Water Available
Possession Close Of Escrow
Roof Shingle
Zoning Commercial
Garage Spaces 0
Security Features Smoke Detector(s)
Construction Materials Brick
Year Built 1969
Stories 2
Levels One
Gross Income 216000
County Humphreys County TN
Net Operating Income 193920
Operating Expense 22080
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Lakeside Manor Apartments
Garage Y/N N
Status Active
Buyer Financing Conventional Other
Directions From Waverly Hwy 70 West to New Johnsonville turn left on Long Street turn right on Ashe
High School Waverly Central High School
City New Johnsonville
View Y/N N
Total Units 24
Waterfront Y/N N
Carport Y/N N
Street Name Ashe Ave
Elementary School Lakeview Elementary
Property Attached Y/N Y
Year Built Details APROX
Tax Annual Amount 6928
Middle/Junior High School Lakeview Elementary
Days on Market 106
Building Area Units Square Feet
Standard Status Active
Total Actual Rent 1500
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Interior
Flooring Laminate Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 18720
Full Baths 0
Half Baths 0
Laundry Features None
Total Bedrooms 0
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 0
Living Area Units Square Feet
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Exterior
Parking Features Asphalt Parking Lot Unassigned
Water Source Public
Total Parking 0
Inclusions APPLN
Building Area Total 18720
Lot Dimensions 3.5
Lot Size Units Acres
Covered Spaces 0
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Internal Only
Street Number 1 542
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* Excluded Features
List By
Realty Executives Hometown Living

Broker

catherine@thecatjones.com

Email

Affordability Calculator

$13,814
Per Month
96%
4%
0%
Monthly Principal & Interest
$13,237
Monthly Property Taxes
$577
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
244551 Elementary School
244551 Middle School
Waverly Central High School High School
Pricing History
DatePricePrice ChangeDescription
2/22/2024$1,895,000 -5.11% Price Down
12/3/2023$1,997,000 -4.90% Price Down
11/13/2023$2,100,000 Listed Price

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542 Ashe Ave, New Johnsonville, TN, 37134 is a Multi-Family Home for sale at $1,895,000 with 18,720 sqft. 542 Ashe Ave has 4 bedrooms, 2.0 baths, and was built in 1969. The property's zip code is 37134 which is in New Johnsonville, TN