156 Park
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156 Park
2 Unit Apartment Building $510,147 CAD ($255,074 CAD/Unit) 8.37% Cap Rate Gallatin, TN 37066
Executive Summary
MOTIVATED Seller! Seller offering up to 5k in concessions towards closing costs, upgrades, etc. Duplex located near downtown Gallatin. Side 1 is 2 bed/1 bath. Side 2 is 1 bed/1 bath. Zoned commercial, although in residential neighborhood. Roof, gutters, and front porch railing updated May 2023. HUGE storage building with concrete flooring and electricity. Inside needs updating. This property presents an excellent opportunity for investors looking to add a reliable income stream to their portfolio or for homeowners looking to offset mortgage costs with rental income. Buyers/Buyer's Agent to verify all pertinent information. Property is zoned commercial although located in residential neighborhood. Inspections welcome, being sold "As Is".Please allow 24 hour notice to show, and do not bother tenants. Currently 6 month lease with tenants, however will become month to month lease with bound contact.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
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zoning
| Zoning Code | Commercial (Zoned commercial, in residential neighborhood) |
| Commercial (Zoned commercial, in residential neighborhood) |
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156 Park
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