$99,000
 $531 est/mo Sourced by Back At You

5213 Austin Peay Hwy,Westmoreland, TN 37186

Westmoreland, TN 37186

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Description

Calling All Investors! Exceptional Value-Add Opportunity with Cash Flow 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.

Details

MLS #3247739
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1950
Days On Site133
Listing Provided ByRealty One Group Music City | Cara Hermes

Features

SQ Feet2,761
Story(s)1
Units3
ZoningCOM/RES

Parking

Parking FeaturesAggregate, Concrete, Driveway
Garage Yes / NoNo

Taxes

Property2319

Area Information

StateTN
CountySumner County
CityWestmoreland
Zip Code37186
AreaSumner County | TN
Community NameDowntown
School DistrictWestmoreland High School
Elementary SchoolWestmoreland Elementary
High SchoolWestmoreland High School
Listing VS Median (in Downtown)
Price:
$99,000
low | high
Med:
$387,500
100% of Average
sqft:
2,761
low | high
Med:
2,174
71.260412893879% of Average
$ / sqft:
$36
low | high
Med:
$178
100% of Average
On site:
133
low | high
Med:
19
100% of Average
Sourced by Back At You

Market Activity 37186

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 Listings courtesy of RealTracs MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of November 3, 2026 at 6:03:58 PM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateTN
CountySumner County
CityWestmoreland
Zip Code37186
AreaSumner County | TN
Community NameDowntown
School DistrictWestmoreland High School
Elementary SchoolWestmoreland Elementary
High SchoolWestmoreland High School
Listing VS Median (in Downtown)
Price:
$99,000
low | high
Med:
$387,500
100% of Average
sqft:
2,761
low | high
Med:
2,174
71.260412893879% of Average
$ / sqft:
$36
low | high
Med:
$178
100% of Average
On site:
133
low | high
Med:
19
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $74K - $123K
sqft: 2,000 - 3,000
Nearby Listings Property ImageNearby Listings Details
5213 Austin Peay Hwy Property Photo 1
$99,000
5213 Austin Peay Hwy
Westmoreland, TN 37186
Listing Updated: September 29, 2026 at 3:36:39 PM PDT