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. We have a one BR Vacant unit 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.

Listings courtesy of Realtracs as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 14, 2026 7:06 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 419 Belmont Avenue

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McMinnville

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Property Details of 419 Belmont Avenue

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McMinnville