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Lebanon, TN 37087 806 N Cumberland St

$2,799,000

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14 more

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Presented By: Parrish & Associates;

MLS# 2885133
05/14/2025

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Request Info

SQFT • 26,172

Home Details

Tremendous opportunity in this value add property. All units have been recently renovated, rented well below market rates. Opportunity to convert onside office into an additional 1 bedroom unit. Laundry facility could be utilized for additional income. Lebanon, TN is one of the fastest growing cities in the United States. Assumable 3.37% loan. 17 One Bedroom Units(office conversion would make 18); 10 Two Bedroom Units

Presented By: Parrish & Associates;

Interior Features for 806 N Cumberland St

Other Interior Features

LivingAreaSourceOther

Above Grade Finished Area26172

Above Grade Finished Area SourceOther

Above Grade Finished Area Unit TypeSquare Feet

Air Conditioning Y/NYes

Below Grade Finished Area SourceOther

Below Grade Finished Area Unit TypeSquare Feet

FlooringLaminate

Heating Y/NYes

Laundry FeaturesShare

General for 806 N Cumberland St

Attached Garage No

Building Area UnitsSquare Feet

Buyer FinancingAssumed

CityLebanon

Construction MaterialsBrick

ContingencyFinancing

CoolingElectric, Wall/Window Unit(s)

CountyWilson County, TN

DirectionsI-40 to Lebanon S Cumberland go through square to N Cumberland, Cumberland a hills Apartments will be approx 1 mile on the left

Elementary SchoolColes Ferry Elementary

Garage Spaces

Garage Y/NNo

Gross Income265200

HeatingElectric

High SchoolLebanon High School

LevelsOne

Living Area26172

Living Area UnitsSquare Feet

Lot Size UnitsAcres

Middle/Junior High SchoolWalter J. Baird Middle School

Net Operating Income180435

New ConstructionNo

Number Of Units Total27

Open Parking Spaces45

Operating Expense84765

OwnerPaysTrash Collection, Water

PossessionClose Of Escrow

Property Attached Y/NYes

Property TypeResidential Income

Rent IncludesTrash Collection, Water

RoofMembrane

Senior Community Y/NNo

SewerPublic Sewer

Standard StatusActive Under Contract

StatusUnder Contract - Showing

Stories Count2

Subdivision NameCumberland Hills Apartments

Tax Annual Amount7699

Tenant PaysCable TV, Electricity

Total Actual Rent1650

UtilitiesElectricity Available, Water Available

Year Built1966

Year Built DetailsExisting

ZoningCG

Exterior for 806 N Cumberland St

Building Area Total26172

Covered Spaces

InclusionsAppliances

Lot Dimensions1.28

Total Parking45

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Walter J. Baird Middle School

Elementary School Coles Ferry Elementary

High School Lebanon High School

Anthony Martin

Agent | Owner

Price $2,799,000

MLS#2885133

List Date 05/14/2025

Property Type Contingent

Phone (731) 616-9391

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