151 Dellway Dr, Nashville, TN 37207
- $479,900
- 1,368
- SqFt
- List Price
- $479,900
- MLS#
- 3154879
- Days on Market
- 131
- Property Type
- Multifamily
- Sqft. of Residence
- 1,368
- County
- Davidson County
- Status
- ACTIVE
Property Description
Income producing duplex just 3 miles from Downtown Nashville offering strong in place returns, proven rent growth, and long term upside. Each unit features 2 bedrooms and 1 bathroom, creating a flexible setup for investors or owner occupants looking to offset their mortgage with rental income. The property is fully leased and professionally managed, making it a true turnkey opportunity from day one. Current financials show $40,800 in gross income and approximately $38,400 net operating income, with consistent performance driven by location and demand. During current ownership, rents have increased significantly and still show room for future growth. One unit previously operated as a short term rental and has since been converted to long term, offering optionality for future use depending on investment strategy. Whether your focus is stable cash flow, mid term rentals, or revisiting short term potential, the layout supports multiple paths. Positioned just off Ellington Parkway between Dickerson Pike and East Nashville, the property provides a quick and convenient commute to Downtown, helping drive tenant demand and long term stability. Listed below last appraisal using the income method, creating a compelling opportunity for investors seeking immediate returns with built in equity potential. Prior appraisal is available on request. Situated on a deep lot in an established neighborhood with no HOA, this property combines location, income, and flexibility in one of Nashville’s most accessible and consistently performing rental corridors.
Additional Information
- Construction Type
- Hardboard Siding
- Cooling System
- Central Air, Electric
- Elementary School
- Tom Joy Elementary
- Floor Types
- Wood, Luxury Vinyl, Tile, Vinyl
- Heating System
- Central, Electric
- High School
- Maplewood Comp High School
- Junior High School
- Jere Baxter Middle
- Laundry
- Individual, Electric Dryer Hookup, Washer Hookup
- Living Area
- 1,368
- Lot Dimensions
- 75 X 290
- Number Of Stories
- 1
- Roofing Material
- Shingle
- Sewer System
- Public Sewer
- Subdivision
- Joywood Heights
- Tax Amount
- $5,644
- Water Source
- Public
- Year Built
- 1949
- Zoning
- Rs10
- Type
- Multifamily
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Listing courtesy of eXp Realty.
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