309 NW 2nd Ave, Winchester, TN 37398

$475,000

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List Price
$475,000
Status
ACTIVE
MLS#
3205964
Days on Market
80
Lot Size
14,810
Acres
0.34
County
Franklin County

Property Description

SELLER OFFERING OWNER FINANCING AT 5.75% — This income-producing property just over a block from downtown Winchester, provides a rare opportunity for buyers seeking investment property in Tennessee with immediate rental income and future flexibility. Built in 1917, this historic, commercially zoned 5-bedroom, 2-bath residence generates approximately $2,000/month in rental income and includes approximately 3,922 sq ft on a .34-acre lot in the heart of Winchester. The property features original hardwood floors, spacious living areas, and a covered front porch that adds character and tenant appeal. A detached 1-car garage and driveway parking provide additional functionality. Located seconds from the Winchester square and Hwy 41A, the property is conveniently positioned within the community. Currently office space with a long-term tenant of 7 years, the layout and location support multiple potential uses, including long-term rental hold, mixed-use potential, or future repositioning within a growing downtown area. Convenient access to local amenities and a strong occupancy history contribute to the property's appeal for investors seeking a centrally located asset in a developing corridor. Buyer to verify all information.

Additional Information

Roofing Material
Asphalt
Subtype
Mixed Use
Year Built
1917
Zoning
C1
Type
Commercial

Mortgage Calculator

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of eXp Realty.

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