BEDS0
BATHS
SQUARE FEET1,368
MLS#3154879
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONJoywood Heights
Property Description
Income producing duplex just 3 miles from Downtown Nashville offering strong in place returns, proven rent growth, and long term upside. Each unit features 2 bedrooms and 1 bathroom, creating a flexible setup for investors or owner occupants looking to offset their mortgage with rental income.The property is fully leased and professionally managed, making it a true turnkey opportunity from day one. Current financials show $40,800 in gross income and approximately $38,400 net operating income, with consistent performance driven by location and demand. During current ownership, rents have increased significantly and still show room for future growth.One unit previously operated as a short term rental and has since been converted to long term, offering optionality for future use depending on investment strategy. Whether your focus is stable cash flow, mid term rentals, or revisiting short term potential, the layout supports multiple paths.Positioned just off Ellington Parkway between Dickerson Pike and East Nashville, the property provides a quick and convenient commute to Downtown, helping drive tenant demand and long term stability.Listed below last appraisal using the income method, creating a compelling opportunity for investors seeking immediate returns with built in equity potential. Prior appraisal is available on request.Situated on a deep lot in an established neighborhood with no HOA, this property combines location, income, and flexibility in one of Nashville's most accessible and consistently performing rental corridors.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Electric
Heating: Central, Electric
Lot Size: 75 X 290
Roof Type: Shingle
Stories: 1.0
Taxes: $5,644
Year Built: 1949
Feature Descriptions
Days on Site: 69
Exterior: Hardboard Siding
Flooring: Wood, Luxury Vinyl, Tile, Vinyl
Laundry: Individual, Electric Dryer Hookup, Washer Hookup
Lot Dimensions: 75 X 290
Parcel#: 06016010000
Parking: Driveway, Gravel
Parking Notes: Driveway, Gravel
Sewer: Public Sewer
Units: 2
Utilities: Electricity Available, Water Available
Water: Public
Local Schools
High School: Maplewood Comp High School
Middle School: Jere Baxter Middle
Elementary School: Tom Joy Elementary
Listed By / Shown By
Listed By
Agency Name: eXp Realty
Agency Phone: 8885195113
Shown By
Agent Name: Barbara Bell
Agent Phone: (615) 948-9366
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 470.33 per month $0.00 Principal & Interest $470.33 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
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151 Dellway Dr | MLS# 3154879
This multi-family property located at 151 Dellway Dr, Nashville, TN 37207 is currently listed for sale with an asking price of call for price. Search Nashville real estate on www.barbarabellrealtor.com today.