$499,900
About this home
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.
Features
Location
419 Belmont Ave, Shelbyville, TN 37160
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