1514 Richmond Rd, Columbia, TN
$ 5,999,900
Property Attributes
  • MLS#2592261
  • TypeMulti-Family
  • CountyMAURY
  • CityColumbia
  • NeighborhoodCarter S Station
  • Zip38401
  • StyleMulti Family
  • Year Built1990
  • Taxes$ 24949
  • Price$ 5,999,900
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage28000
Data Source:
Listing courtesy of RealTracs MLS as distributed by MLS GRID
Property Description

Investment deal presents solid cap rate with growing market need. 15 duplexes (30 units) 100% occupied within 5 minutes of GM plant and new Ultium Cell Plant. 5 minutes to Target in Spring Hill, 10 minutes to downtown Columbia, 45 minutes to Nashville. Spring Hill High School within walking distance. Strong investment with definite value add opportunity. In 2023 four new roofs installed, three new sets of windows installed. 22/23 four new HVAC installed. Each unit has their own washer/dryer connections, range, dishwasher, deck, private entry, and separate meters. Tenants pay for their own utilities, lawn maintenance, and provide their own refrigerator, washer and dryer. Spacious parking with private driveway to each unit. Each duplex on septic system. Excellent location with easy access to Saturn Parkway & I-65, shopping, restaurants, and schools. ***DO NOT DISTURB TENANTS*** Direct all questions to listing agents.

Elementary School Middle School High School
Spring Hill Elementary Spring Hill Middle School Spring Hill High School
Price History
11/10/2023 Listed $5,999,900

General Features

Sewer Septic Tank
Heating Central,Natural Gas
Cooling Central Air,Electric
Utilities Electricity Available,Water Available
Possession Negotiable
Roof Asphalt
Zoning Rural Resi
Construction Materials Vinyl Siding
Year Built 1990
Stories 1
Levels One
Gross Income 361740
County Maury County,TN
Net Operating Income 296387
Operating Expense 65353
New Construction No
Property Type Residential Income
Attached Garage No
Subdivision Name Carter S Station Sec 1
Garage Y/N No
Status Active
Directions Located near Spring Hill High School. From Hwy 31,turn next to the Shell Station on old Hwy 31 beside SHHS,turn right onto Carters Creek Station Road,turn right on Richmond Rd,Columbia
High School Spring Hill High School
City Columbia
View Y/N No
Total Units 30
Waterfront Y/N No
Carport Y/N No
Street Name Richmond Rd
Elementary School Spring Hill Elementary
Property Attached Y/N Yes
Year Built Details EXIST
Tax Annual Amount 24949
Middle/Junior High School Spring Hill Middle School
Days on Market 98
Building Area Units Square Feet
Standard Status Active
Total Actual Rent 2400

Interior Features

Flooring Carpet,Tile,Vinyl
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 28000
Laundry Features Individual
Below Grade Finished Area Unit Type Square Feet
LivingAreaSource Assessor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Living Area Units Square Feet

Exterior Features

Water Source Public
Inclusions APPLN
Building Area Total 28000
Lot Size Units Acres


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 38401

AVG $3.09M
AVG $13,034
AVG 39
Data Provided by Inside Real Estate®
Year Built
AVG 1955
AVG 32
Data Provided by Walkscore® not using MLS data