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 2023/2024 five 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.
Closed
$4,900,000
1514 Richmond Rd, Columbia, TN 38401
5beds
3baths
28,000sqft
Multi Family
Built in 1990
-- sqft lot
$1,178,600 Zestimate®
$175/sqft
$2,182 Estimated rent
Home value
$1,178,600
$884,000 - $1.54M
$2,182/mo
Zestimate® history
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$22,471/mo
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Zillow last checked:
Listing updated:
Listed by:
Robert (Lee) Walker 931-797-5565,
Crye-Leike, Inc., REALTORS,
LINDA M WALKER, Broker, CRS, GRI 931-384-0599,
Crye-Leike, Inc., REALTORS
Bought with:
Paula Lindsey, 358402
Crye-Leike, Inc., REALTORS
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2671859
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Central, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Laundry: Individual
Features
- Flooring: Carpet, Tile, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 28,000
- Total interior livable area: 28,000 sqft
- Finished area above ground: 28,000
Property
Features
- Levels: One
- Stories: 1
Details
- Parcel number: 042I A 03200 000
- Zoning: Rural Resi
- Special conditions: Owner Agent,Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1990
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & HOA
Community
- Subdivision: Carter S Station Sec 1
HOA
- Has HOA: No
Location
- Region: Columbia
Financial & listing details
- Price per square foot: $175/sqft
- Tax assessed value: $215,100
- Annual tax amount: $24,949
- Date on market: 6/26/2024
- Inclusions: Appln
- Total actual rent: 2400
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2024 | Sold | $4,900,000-18.3%$175/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #2671859 Report a problem | ||
| 3/23/2024 | Pending sale | $5,999,900$214/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2592261 Report a problem | ||
| 11/10/2023 | Listed for sale | $5,999,900+3709.5%$214/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2592261 Report a problem | ||
| 12/15/1989 | Sold | $157,500$6/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,643 | $86,040 |
| 2024 | $1,643 | $86,040 |
| 2023 | $1,643 | $86,040 |
| 2022 | $1,643 +32.2% | $86,040 +54.7% |
| 2021 | $1,243 | $55,600 |
| 2020 | $1,243 | $55,600 |
| 2019 | $1,243 | $55,600 |
| 2018 | $1,243 -4.4% | $55,600 +20.3% |
| 2017 | $1,301 | $46,200 |
| 2016 | $1,301 +7.5% | $46,200 |
| 2015 | $1,210 | $46,200 |
| 2014 | $1,210 | $46,200 |
| 2013 | -- | $46,200 -2% |
| 2012 | $1,225 +0% | $47,160 0% |
| 2011 | $1,225 | $47,164 |
| 2010 | $1,225 | $47,164 |
| 2009 | -- | $47,164 +1.7% |
| 2008 | $1,160 | $46,383 |
| 2007 | $1,160 | $46,383 |
| 2006 | $1,160 +3.9% | $46,383 +20.1% |
| 2005 | $1,116 +5.9% | $38,614 |
| 2004 | $1,054 | $38,614 |
| 2002 | $1,054 | $38,614 +2.2% |
| 2001 | -- | $37,775 -57.4% |
| 2000 | -- | $88,713 |
Find assessor info on the county website
Neighborhood: 38401
Nearby homes
- $--2 bd1 ba-- sqft1514 Richmond Rd APT A, Columbia, TN 38401Off Market
- $329,700-- bd2 ba1.8k sqft1512 Richmond Rd, Columbia, TN 38401Off Market
- $309,9003 bd2 ba1.1k sqft1516 Richmond Rd, Columbia, TN 38401Sold
- $336,1003 bd2 ba1.4k sqft2917 Courtney Ct, Columbia, TN 38401Off Market
- $322,2003 bd2 ba1.2k sqft2912 Courtney Ct, Columbia, TN 38401Off Market
- $324,000-- bd1 ba1.3k sqft2913 Courtney Ct, Columbia, TN 38401Off Market
- $355,4003 bd2 ba1.1k sqft3008 Tyler Ct, Columbia, TN 38401Off Market
- $337,9003 bd2 ba1.7k sqft1513 Richmond Rd, Columbia, TN 38401Off Market
Nearby schools
GreatSchools rating
- 6/10Spring Hill Middle SchoolGrades: 5-8Distance: 2 mi
- 4/10Spring Hill High SchoolGrades: 9-12Distance: 0.4 mi
- 7/10Spring Hill Elementary SchoolGrades: PK-4Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: Spring Hill Elementary
- Middle: Spring Hill Middle School
- High: Spring Hill High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,178,600
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Estimated market value
$1,178,600
- Tennessee
- Maury County
- Columbia
- 38401
- 1514 Richmond Rd
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