STABILIZED MIXED-USE | COMMERCIAL ZONING | CASH FLOWING Currently generating ~$7,900/month gross income with 5 of 6 income streams occupied. Income breakdown: 4 renovated 2BR / 1.5BA apartments at $1,600 each ($6,400 total) 2,700 sq ft warehouse/commercial space leased at $1,500 Separate garage/storage unit vacant with ~$389 monthly potential At full occupancy gross reaches ~$8,289/month, exceeding the 1% rule at the current $789,900 price and supporting strong 8-10%+ cap rates. Tenants pay all utilities (individually metered) Situated on 5.1 acres with commercial zoning and no HOA, the property offers a rare mixed-use combination of residential apartments, commercial warehouse space, and expansion land in a quiet setting just minutes from Dickson and about 1 hour west of Nashville. Recent infrastructure improvements include a septic system upgrade with new tank and field lines to support the property's multi-unit capacity. Majority of HVAC systems replaced within the past 5 years. Turnkey investment with proven rents. Appliances convey. --- VALUE-ADD OPPORTUNITIES Rent the garage/storage unit (~$389/mo potential) Utilize the unfinished basement areas for storage or finish for extra living space Add RV pads with utilities Develop storage units or contractor yards (commercial zoning) Clear additional land for cabins, glamping, or additional structures

Listings courtesy of Realtracs as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 14, 2026 6:36 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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Property Details of 151 Covington Lane

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McMinnville

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Property Details of 151 Covington Lane

Map Location

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McMinnville