172 Park Cir, Old Hickory, TN 37138

Property Description

What if your next home came with three existing rental income streams? This unique Old Hickory property offers the opportunity to live in a spacious 1940s bungalow while collecting rent from three additional living spaces, all just minutes from Old Hickory Lake recreation and convenient to downtown Nashville. The main house offers approximately 1,948 square feet with three bedrooms, one-and-a-half baths, a living room, separate dining room, spacious eat-in kitchen, laundry/mudroom, and a cozy wood-paneled den with a fireplace. A basement adds storage and possibilities. The bungalow retains its vintage character but needs updating, but could be lived in while renovating. This is an opportunity for someone with vision. Upstairs, a studio apartment features hardwood floors, a full bathroom, and its own exterior entrance. Behind the bungalow, a detached cinder-block duplex provides two additional one-bedroom, one-bath apartments, including one recently renovated unit with updated cabinetry, appliances, flooring, bathroom, and mini-split system. All three additional living spaces are currently rented, generating a combined $2,890 per month, or $34,680 in annualized gross rental income at current rates. Enjoy nearby Old Hickory Lake, marinas, boating, fishing, and recreation, along with the charm of historic Old Hickory Village and convenient access to downtown Nashville. Live in the main house while collecting rental income, or explore the possibilities of a long-term investment. A distinctive property with space, income, and potential. Selling as-is. Buyer to verify square footage, rental information, and permitted uses.