5213 Austin Peay Hwy Westmoreland, TN 37186
2,761 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,761 sqft
Price per Sqft $35
Subdivision Downtown
MLS Listing ID 3247739
HOA Y/N No
Year Built 1950
Annual Tax Amount $2,319
Lot Dimensions 62 X 88
Property Description
Don't miss this rare opportunity to acquire a recently renovated, income-producing property in a prime downtown location. Major capital improvements have already been completed, including two HVAC units, and all new flooring, significantly reducing future maintenance expenses.
This versatile property features three separate 2-bedroom, 1-bath units, offering multiple investment strategies. Currently, 1 of the 3 units are leased and generating income, while the other two units are undergoing a full renovation and presents the opportunity to add approximately $2400+ per month in additional rental income. Zoned Commercial, this property offers tremendous flexibility for investors and owner-users alike. Continue operating as residential rentals, convert units to professional offices, retail space, service businesses, or create a mixed-use investment. The existing 2-bedroom layout with kitchen could easily serve as office space, a boutique storefront, salon, studio, or other commercial use. Positioned in the heart of downtown and directly across from established businesses, the property benefits from excellent visibility, significant road frontage, and strong future growth potential. Highlights Include: Each unit has their own utility meters 3 units, each offering 2 bedrooms and 1 bathroom 1 units currently leased and cash flowing Value-add opportunity through 2 units fully renovated New roof Two new HVAC systems New flooring throughout Commercial zoning with multiple use possibilities Excellent downtown location Strong road frontage and visibility Ideal for investors, business owners, or mixed-use development Whether you're looking to expand your rental portfolio, establish a commercial presence, or capitalize on a flexible mixed-use investment, this property offers immediate income with significant upside potential.
Location
State TN
County Sumner County
Zoning COM/RES
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Luxury Vinyl
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
View Y/N false
Roof Type Metal
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick,Block,Vinyl Siding
New Construction false
Schools
Elementary Schools Westmoreland Elementary
Middle Schools Westmoreland Middle School
High Schools Westmoreland High School
Others
Senior Community false
Special Listing Condition Standard
Nearby Locations
ABOUT US
Our Story
From Humble Beginnings to a Nationwide Movement
At simpliHŌM, we know firsthand that real estate is about more than houses — it’s about people, families, and the places they call home. Our journey didn’t begin in a boardroom or with limitless resources. It began with adversity.
Our Founder & CEO, Sean Miku, once found himself on food stamps, without a home, and forced to pick the lock on a water meter just to give his baby girl her first bath. Out of those struggles came a relentless determination to build something better — not only for his own family, but for every agent and client who deserved a simpler, more supportive way to experience real estate.
With just $30,000 and four agents, simpliHŌM was launched in 2018. From those humble beginnings, we’ve grown into a thriving, people-first brokerage spanning multiple states and serving thousands of agents nationwide — all driven by the same mission: Making Real Estate Simple.
Our Mission: Making Real Estate Simple
We believe real estate should be transparent, efficient, and personal. At simpliHŌM, relationships are at the heart of every transaction. Our mission is to remove the unnecessary complexity and stress, creating a seamless experience for clients and empowering agents to thrive.
Innovative Technology Meets Human
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "