419 Belmont Ave, Shelbyville, TN 37160
419 Belmont Ave, Shelbyville, TN 37160
419 Belmont Ave, Shelbyville, TN 37160
419 Belmont Ave, Shelbyville, TN 37160
419 Belmont Ave, Shelbyville, TN 37160
419 Belmont Ave, Shelbyville, TN 37160
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Listed by Amy Cannon • Cannontown Real Estate
$ 499,900
Est. payment | /mo

3,359 SqFt


Save
$ 499,900
Est. payment | /mo
Save

3,359 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,359 sqft

Price per Sqft $148

MLS Listing ID 3179883

HOA Y/N No

Year Built 1948

Annual Tax Amount $2,944

Lot Dimensions 102.5 X 150 IRR

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.
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.

Location

State TN

County Bedford County

Zoning Commercial

Interior

Heating Baseboard

Cooling Wall/Window Unit(s)

Flooring Wood, Tile

Fireplace N

Exterior

Utilities Available Water Available

View Y/N false

Roof Type Shingle

Private Pool false

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools East Side Elementary

Middle Schools Harris Middle School

High Schools Shelbyville Central High School

Others

Senior Community false

Special Listing Condition Standard

RealTracs IDX

NEARBY SCHOOLS & PROPERTIES

Justin Ortega

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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419 Belmont Ave