Thank you
Dean Nelson
eXp Realty
888-519-5113
This Property combined 3 Parcels of Raw Land ONLY ( MUL-A ZONING ) which has NO restrictions on building 70 separate units of NON OWNER OCCUPIED SHORT TERM RENTALS or STR's or you could build Apartments with this current zoning. The plans are fully approved by Metro for 70 units of Townhomes. PLUS there are 3 parcels to build single family homes that cannot be Short Term Rentals . For a Total of 73 units. (70 Townhomes and 3 single family homes )on all 3 parcels. We have all engineered drawings from Dale and Associates. We also have bids from our dirt and infrastructure contractors and bids to construct the vertical buildings. From those bids we feel the cost will be105k per build ready pads (built in 4 separate phases) that includes the land and infrastructure. #1 Phase is 17 Units. This is an extremely different kind of land because land zoned MUL-A is normally apartment developments. I would possibly consider a partnership/JV
WaterSource: Public
Lot Description: Corner Lot
Lot Size Area: 5.95
Lot Acres: 5.95
Property Type: Land
Original List Price: $4000000
Annual Tax: $3000
Elementary School: Neely's Bend Elementary
Junior High School: Madison Middle
Senior High School: Hunters Lane Comp High School
Water Available
Sewer: Public Sewer
Water Source: Public
Subdivision: Larkin Springs Short Term Rentals
City: Madison
Direction: It's 4 miles from The Home Depot in East Nashville to the property, Go Gallitan Pike 3.3 miles out of East Nashville Toward Madison Tn, Turn Right on Neely's Bend go 1.6 miles , Turn Left on Larkin Springs, Land is Half a mile down on the right
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
141 Shannon Ave, Madison, TN,37115 | $355,000 | -- | -- | -- | 0.57 Acre |
317 Cherry St, Madison, TN,37115 | $115,000 | -- | -- | -- | 0.16 Acre |
Neelys Bend Road, Madison, TN,37115 | $1,300,000 | -- | -- | -- | 10.1 Acres |
721 W Old Hickory Blvd, Madison, TN,37115 | $1,125,000 | 7 | 3 | 2,763 | 1.04 Acres |
1118 Saunders Ave, Madison, TN,37115 | $950,000 | 4 | 6 | 1,822 | 0.71 Acre |
5 Peeples Ct, Madison, TN,37115 | $3,200,000 | -- | -- | -- | 37 Acres |
808 Nesbitt Ln, Madison, TN,37115 | $595,000 | 5 | 4 | 3,211 | 0.91 Acre |
611 Center St #REAR, Madison, TN,37115 | $299,900 | 2 | 1 | 2,156 | 0.44 Acre |
411 Churchill Xing, Madison, TN,37115 | $264,900 | 2 | 2 | 1,139 | 0.02 Acre |
631 Center St, Madison, TN,37115 | $255,000 | 2 | 2 | 982 | 0.39 Acre |
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Based on information submitted to the MLS GRID as of 05/20/2024 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 05/20/2024 @ 06:20
MLS: REALTRAC #2652335
LISTED BY: Dean Nelson, eXp Realty
SOURCE: REALTRAC (RT RealTracs)
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.