Asking Price: $2,100,000
10 Units | 6 Single Family (2 Bd/1Ba) Homes and 4-Unit Quadplaex (2 Bd/1 Ba)
Welcome Investors and Entrepreneurs. The Trufollia Ln development was built in 2017 by an Ex-Real Estate Agent. She meticulously paid attention to the details. All of the features for this property are listed in the Key Features section below, along with a table that reflects some of the key financial elements that make this property a no-brainer. I’ve created this page because it’s impossible to list all of the related information in the local MLS RealTracs. This is the type of property that gets better each time you “peel a layer of the onion back.”
Tennessee also takes advantage of the Hall Income Tax (Dept of Revenue Website) legislation that was passed in 1929.
Tennessee also has an “Angel Investor Tax Credit.”
Nashville and its suburbs make up one of the hottest markets in America right now. A population influx has coincided with Economic Development & Job Growth, creating an economy that this region has yet to see. 2021 was a record year in Real Estate nationwide, but particularly so in the Nashville area.
KEY FEATURES FOR TRUFOLLIA LN:
- All 10 Units currently leased
- Annual ROI of $113,928
- Subdivision constructed in 2017
- Copies of Elevations, Survey, and Site Plans available upon request
- Net Income Spreadsheet & Leases available upon request
- Open floor plans
- PEX Plumbing & PVC
- All Hardieboard (Cement) Siding, no Vinyl
- Metal Roofing
- Metal House Number Plates on Front Doors custom-ordered from Europe
- Granite Tops, Stainless Appliances Throughout
- LVP and Tile Flooring
- Custom Woodwork in Closets
- Neighboring 13 acres recently purchased and approved for high density
- Min 700 Credit Score was required to rent, with background checks – Phenomenal tenants
- Tenants pay utilities and are responsible for lawn/landscape
- Tenants are responsible for supplying their own Washer/Dryer
- Properties have been managed by the Owners, but we can connect you with a local management firm if needed
The tables below represent the subject property, along with an accompanying table reflecting Lawrenceburg’s Appreciation and Market Data:
|19 Trufollia Ln (SF)||$999 / Month|
|20 Trufollia Ln (SF)||$999 / Month|
|29 Trufollia Ln (SF)||$999 / Month|
|30 Trufollia Ln (SF)||$999 / Month|
|39 Trufollia Ln (SF)||$999 / Month|
|40 Trufollia Ln (SF)||$999 / Month|
|44A Trufollia Ln (Quad)||$875 / Month|
|44B Trufollia Ln (Quad)||$875 / Month|
|44C Trufollia Ln (Quad)||$875 / Month|
|44D Trufollia Ln (Quad)||$875 / Month|
|Total Rent (x 12 Months)||$113,928 / Year|
|Insurance Policy||$2,942 / Year|
|Property Taxes||$5,326 / Year|
|Total Expenses||$8,268 / Year|
|Net Income After Deductions:||$105,660 / Year|
Market Stats & Data
The Growth Wave Heading In This Direction
Median Home Prices in the Nashville market have skyrocketed in the last ten years. There are great public schools nearby in Williamson County, some of the best in the state according to GreatSchools.org. Nissan and General Motors have been major employers in the region. Columbia, Tennessee is the nearest populated suburb. There are nearly 4,000 homes projected to be built by the end of 2023. General Motors is building a new battery plant for their electric cars, which will bring forth more demand for housing in this area.
There are plenty of news articles on the growth of Maury County, but why is it this important for Lawrence County? The Median Home Sales price in Columbia has appreciated higher than the $300k mark for the first time in its history. First time home buyers are being priced out of this market, forcing them to purchase in more-distant suburbs such as Lawrenceburg. We’re also seeing an increase in the number of homes with acreage being sold, bringing more wealth to the region.
Once known for being the stomping grounds of Davy Crockett, these historic farms and woodlands are changing with the rest of the Nashville frontier. The artistic culture of the Nashville region, thanks to the music scene, has given rise to entrepreneurship with a tasteful flair of creativity.
If you bring together all of the pieces of the Nashville region’s beautiful puzzle – Job infrastructure, population growth, reliable school districts, amenities and things to do, entrepreneurship, State tax structure, and the eclectic culture… You quickly realize that investing in this region is a no-brainer.
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