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Listed by Amy Cannon • Cannontown Real Estate
$499,900
Est. payment /mo
3,359 SqFt
Active
419 Belmont Ave Shelbyville, TN 37160
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,359 sqft
Price per Sqft $148
MLS Listing ID 3180099
Year Built 1948
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Mixed Use
Property Description
Investment opportunity in one of Shelbyville's most established residential areas, just minutes from the historic downtown square. Located on Belmont Ave—one of the city's oldest corridors known for its historic homes and architectural character—this 5-unit brick apartment building offers strong rental appeal driven by location and walkability.
Unit mix includes two 2BR/1BA units, two 1BR/1BA units, and a Studio apt with Bath which is Unit 5 (rents at $650/month).
Two units are currently vacant, providing immediate value-add potential with projected rents of ~$950 (2BR) and ~$850 (1BR).
Units 2,3,4 are accessed through the interior. Units 1 and 5 are accessed from their own small deck on each side of the building.
Vacant units available for showings.
Improvements within ~4-5 years include roof, kitchen & bath updates, new foundation drainage system, and main sewer line replacement. Owner currently pays utilities and lawn care
Convenient access to Murfreesboro and Nashville. Ideal for investors seeking immediate income with upside potential. *Income & operating expense figures are from 2025.
Unit mix includes two 2BR/1BA units, two 1BR/1BA units, and a Studio apt with Bath which is Unit 5 (rents at $650/month).
Two units are currently vacant, providing immediate value-add potential with projected rents of ~$950 (2BR) and ~$850 (1BR).
Units 2,3,4 are accessed through the interior. Units 1 and 5 are accessed from their own small deck on each side of the building.
Vacant units available for showings.
Improvements within ~4-5 years include roof, kitchen & bath updates, new foundation drainage system, and main sewer line replacement. Owner currently pays utilities and lawn care
Convenient access to Murfreesboro and Nashville. Ideal for investors seeking immediate income with upside potential. *Income & operating expense figures are from 2025.
Location
State TN
County Bedford County
Zoning Commercial
Interior
Fireplace N
Others
Special Listing Condition Standard
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