Investment opportunity for a rental income property with redevelopment potential. Two adjacent parcels at 4252 & 4254 Woods St, zoned R8, with 185 ft of combined frontage and approximately 1.55 acres total. Available for $675,000 for both parcels together, or $350,000 each if sold separately. 4254 Woods St is 1,234 sq ft. Long-term tenants currently occupy both homes. The purchaser has the option to terminate each lease by giving 60 days' prior written notice. R8 zoning requires a minimum of 8,000 sq ft per dwelling and permits single and two-family homes. Similar R8 lots nearby have been redeveloped into HPR condos with roughly 50 ft of frontage per lot. Developing the two parcels together, rather than separately, may unlock additional density: by acreage and zoning, the combined site could support as many as 8 duplex units.
Based on the average sale price from the Hendersonville, TN office
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
4252 Woods St Old Hickory, TN is a Single Family Home for sale at $350000 with 1008 sqft and a lot size of 1.55 Acres Acre(s). 4252 Woods St Old Hickory has 3 bedrooms, 1 baths and was built in 1965. The property's zip code is 37138 which is in Old Hickory, TN
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Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.