Money making investment property. 6 apartments. Approximate square footage for main house is 4244 & the external unit is approximately 784 sq ft for a total of 5028 sq ft. 6 units were renovated before the current owner purchased. Current owner has re-renovated 5 of the 6 units. Updated paint, flooring, appliances and hvacs. 5 of the 6 units are rented at the time of this listing. Seller is keeping Unit A (2 bedroom) open until it sells if an investor wants to live there & rent the other 5 units. No central air, 5 units have energy efficient mini split wall units for heat and air (see photos). Owner pays for water in all units. 4 units tenant pays electric, 2 owner pays electric. Natural gas available on property but not used. Seller says operating expenses includes their current mortgage.
Closed
$425,000
511 Elizabeth St, Shelbyville, TN 37160
6beds
4baths
5,028sqft
Multi Family
Built in 1935
-- sqft lot
$-- Zestimate®
$85/sqft
$2,567 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,567/mo
Zestimate® history
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List your homeWhat's special
Updated paint
Zillow last checked:
Listing updated:
Listed by:
Casey Baird 615-477-3484,
Benchmark Realty, LLC
Bought with:
Dennis Sanders, 333854
eXp Realty
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2558919
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- ENERGY STAR Qualified Equipment
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Wood, Laminate, Tile, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 5,028
- Total interior livable area: 5,028 sqft
- Finished area above ground: 5,028
Property
Parking
- Total spaces: 9
- Parking features: Driveway, Gravel
- Uncovered spaces: 9
Features
- Levels: One
- Stories: 2
Lot
- Size: 0.43 Acres
- Dimensions: 134.78 x 140 IRR
Details
- Parcel number: 089G H 00100 000
- Zoning: Commercial
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Shelbyville
Financial & listing details
- Price per square foot: $85/sqft
- Tax assessed value: $240,600
- Annual tax amount: $3,663
- Date on market: 8/11/2023
- Inclusions: Appln, Negot
- Total actual rent: 3850
Price history
| Date | Event | Price |
|---|---|---|
| 1/4/2024 | Sold | $425,000-10.5%$85/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #2558919 Report a problem | ||
| 11/13/2023 | Contingent | $475,000$94/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2558919 Report a problem | ||
| 8/11/2023 | Listed for sale | $475,000+107.4%$94/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2558919 Report a problem | ||
| 5/3/2019 | Sold | $229,000-4.5%$46/sqft |
Source: RealTracs MLS as distributed by MLS GRID #1964967 Report a problem | ||
| 1/31/2019 | Price change | $239,900-12.8%$48/sqft |
Source: Heritage Realty Group #1964967 Report a problem | ||
| 8/27/2018 | Listed for sale | $275,000+161.9%$55/sqft |
Source: Heritage Realty Group #1964967 Report a problem | ||
| 12/16/2014 | Sold | $105,000-16%$21/sqft |
Source: Public Record Report a problem | ||
| 10/5/2014 | Price change | $125,000-15.8%$25/sqft |
Source: Bob Parks Realty #1442998 Report a problem | ||
| 8/23/2014 | Price change | $148,500-0.3%$30/sqft |
Source: Bob Parks Realty #1442998 Report a problem | ||
| 4/13/2014 | Price change | $149,000-17.2%$30/sqft |
Source: Bob Parks Realty #1442998 Report a problem | ||
| 2/6/2014 | Price change | $179,900-10%$36/sqft |
Source: Bob Parks Realty #1442998 Report a problem | ||
| 7/23/2013 | Price change | $199,900-9.1%$40/sqft |
Source: Bob Parks Realty #1442998 Report a problem | ||
| 4/20/2013 | Price change | $219,900+0.4%$44/sqft |
Source: Bob Parks Realty #1442998 Report a problem | ||
| 4/4/2013 | Listed for sale | $219,000+682.1%$44/sqft |
Source: HotPads.com Report a problem | ||
| 2/2/2012 | Sold | $28,000-37.8%$6/sqft |
Source: Public Record Report a problem | ||
| 9/21/2011 | Sold | $45,000-45.8%$9/sqft |
Source: Public Record Report a problem | ||
| 4/13/2011 | Listed for sale | $83,000-6.7%$17/sqft |
Source: The Dream Team Hendersonville LLC #1266484 Report a problem | ||
| 5/12/2008 | Listing removed | $89,000$18/sqft |
Source: Visual Tour #907732 Report a problem | ||
| 1/18/2008 | Listed for sale | $89,000+27.1%$18/sqft |
Source: Visual Tour #907732 Report a problem | ||
| 11/14/2002 | Sold | $70,000$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,662 +2.9% | $96,240 +2.9% |
| 2024 | $3,560 | $93,560 |
| 2023 | $3,560 -2.8% | $93,560 |
| 2022 | $3,663 | $93,560 |
| 2021 | -- | $93,560 +78.1% |
| 2020 | $2,327 | $52,520 |
| 2019 | $2,327 +2.3% | $52,520 |
| 2018 | $2,274 0% | $52,520 |
| 2017 | $2,275 | $52,520 |
| 2016 | $2,275 +57.3% | $52,520 |
| 2015 | $1,446 | $52,520 +42.4% |
| 2014 | $1,446 -4.3% | $36,894 -4.3% |
| 2013 | $1,512 +60% | $38,564 +60% |
| 2012 | $945 | $24,102 |
| 2011 | $945 +6.5% | $24,102 |
| 2010 | $887 +4.6% | $24,102 +4.6% |
| 2009 | $848 | $23,050 |
| 2008 | $848 | $23,050 |
| 2007 | $848 | $23,050 |
| 2006 | $848 -13.2% | $23,050 |
| 2005 | $977 +36.5% | $23,050 +27.5% |
| 2004 | $716 | $18,083 |
| 2002 | $716 | $18,083 -53% |
| 2001 | -- | $38,506 -75% |
| 2000 | -- | $154,024 |
Find assessor info on the county website
Neighborhood: 37160
Nearby homes
- $--2 bd1 ba-- sqft511 Elizabeth St #D4, Shelbyville, TN 37160Off Market
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Nearby schools
GreatSchools rating
- 4/10East Side Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Harris Middle SchoolGrades: 6-8Distance: 2 mi
- 3/10Central High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Learning Way Elementary
- Middle: Harris Middle School
- High: Shelbyville Central 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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- Tennessee
- Bedford County
- Shelbyville
- 37160
- 511 Elizabeth St
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