304 Washington Street East

Fayetteville, TN 37334

$295,000
Price
—
Beds
2,874 Sq. Ft.
$103 / Sq. Ft.
2,874
Sq. Ft.
$103
per Sq. Ft.

Description

Welcome to your next savvy investment! This meticulously maintained multi-family quadplex offers a rare chance to own a lucrative piece of real estate in the heart of Fayetteville. With its excellent location, well-designed units, and strong rental history, this property is a dream come true for investors seeking both stability and growth potential. With all units currently leased, this quadplex presents an attractive income opportunity for investors. The strong rental history and high demand for...Welcome to your next savvy investment! This meticulously maintained multi-family quadplex offers a rare chance to own a lucrative piece of real estate in the heart of Fayetteville. With its excellent location, well-designed units, and strong rental history, this property is a dream come true for investors seeking both stability and growth potential. With all units currently leased, this quadplex presents an attractive income opportunity for investors. The strong rental history and high demand for housing in the area ensure consistent cash flow and a solid return on investment. For investors looking to maximize returns, there's potential to enhance the property's value through strategic renovations or updates to increase rental income. Don't miss out on this exceptional investment opportunity! Whether you're a seasoned investor or just starting out, this quadplex offers the perfect combination of stability, income potential, and growth.
  1. Listed by Melissa Pendergrass Burt • Burt & Co. Southern Real Estate • 9319936446

Property Details for 304 Washington Street East

Subdivision Name
metes/bounds
Waterfront
No

Location

Listing Courtesy of Burt & Co. Southern Real Estate, Melissa Pendergrass Burt (931.993.6446)
Add your commute
LISTING UPDATED: 03/14/2024 01:43 PM

Property Details for 304 Washington Street East

StatusActive
MLS #2624465
Days on Market93
Taxes$1,759 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1900
Lot Size-
CountyLincoln County

Location

Listing Courtesy of Burt & Co. Southern Real Estate, Melissa Pendergrass Burt (931.993.6446)
Add your commute

Building Information for 304 Washington Street East

Stories2Residences4Year Built1900Building Size-Lot Size-

Payment Calculator

$1,757 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,610

Property Taxes

$147

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 304 Washington Street East

Summary
Location and General Information
  • Directions: From Fayetteville square, turn right onto Washington St E, 900 ft destination is on your left.
  • Elementary School: Ralph Askins School
  • High School: Fayetteville High School
  • Levels: One
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: Fayetteville Middle School
  • Mlg Can View: Yes
  • Zoning: RES
Parking
  • Garage Spaces: .00
  • Parking Features: Unassigned
  • Parking Total: 1.00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Laminate, Vinyl
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 079E D 02200 000
  • Structure Type: Quadruplex
Property and Assessments
  • Construction Materials: Vinyl Siding
  • Documents Count: 5
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Stories: 2
  • Year Built Details: HIST
Utilities
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes
  • Heating: Electric, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Fireplace: No
Exterior Features
  • Attached Garage: No
  • Carport Spaces: 1
  • Carport: Yes
  • Covered Spaces: 1.00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Unit 1
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Actual Rent: $650.00
  • Unit Type Type: Unit 3
Unit 4
  • Unit Type Actual Rent: $650.00
  • Unit Type Type: Unit 4
Rental Information
Rental Information
  • Total Actual Rent: $2,650

Property History for 304 Washington Street East

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 304 Washington Street East

Taxable ValueLand$3,200Additions$45,640Total$48,840
Tax Record2022$1,760 ($147 / month)
Home Facts
Total Finished SqFt2,874 SqFtAbove Grade Finished SqFt2,874 SqFtStories2Lot Size7,950 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1987CountyLINCOLNAPN052079E D 02200

Schools near 304 Washington Street East

This home is within Fayetteville School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 11
Rating
School
Distance
Ralph Askins School
PublicPK to 4

Fayetteville Middle School
Public5 to 8

Fayetteville Junior High School
Public9 to 12

Heritage Baptist Academy
PrivatePK to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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304 Washington Street East is a multi-family home for sale in Fayetteville, TN 37334. This property was listed for sale on February 21, 2024 by Burt & Co. Southern Real Estate, it's currently listed at $295,000. It has been on the market for a total of 93 days and was last sold on December 3, 2018. This listing's school district is Fayetteville School District. Nearby schools include Ralph Askins School, Fayetteville Middle School and Fayetteville Junior High School. 304 Washington Street East is a 0-bed, 0-bath, 2,874 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Burt & Co. Southern Real Estate, Melissa Pendergrass Burt (931.993.6446)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 03/14/2024 01:43 PM