Description
Investment opportunity in one of Shelbyville’s most established residential areas, just minutes from the historic downtown square. Located on Belmont Ave—one of the city’s oldest corridors known for its historic homes and architectural character—this 5-unit brick apartment building offers strong rental appeal driven by location and walkability. Unit mix includes two 2BR/1BA units, two 1BR/1BA units, and a Studio apt with Bath which is Unit 5 (rents at $650/month). Two units are currently vacant, providing immediate value-add potential with projected rents of ~$950 (2BR) and ~$850 (1BR). Units 2,3,4 are accessed through the interior. Units 1 and 5 are accessed from their own small deck on each side of the building. We have a one BR Vacant unit available for showings. Improvements within ~4-5 years include roof, kitchen & bath updates, new foundation drainage system, and main sewer line replacement. Owner currently pays utilities and lawn care Convenient access to Murfreesboro and Nashville. Ideal for investors seeking immediate income with upside potential. *Income & operating expense figures are from 2025.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
-
3,359SQFT
-
$149$/SQFT
School Information
Description
Investment opportunity in one of Shelbyville’s most established residential areas, just minutes from the historic downtown square. Located on Belmont Ave—one of the city’s oldest corridors known for its historic homes and architectural character—this 5-unit brick apartment building offers strong rental appeal driven by location and walkability. Unit mix includes two 2BR/1BA units, two 1BR/1BA units, and a Studio apt with Bath which is Unit 5 (rents at $650/month). Two units are currently vacant, providing immediate value-add potential with projected rents of ~$950 (2BR) and ~$850 (1BR). Units 2,3,4 are accessed through the interior. Units 1 and 5 are accessed from their own small deck on each side of the building. We have a one BR Vacant unit available for showings. Improvements within ~4-5 years include roof, kitchen & bath updates, new foundation drainage system, and main sewer line replacement. Owner currently pays utilities and lawn care Convenient access to Murfreesboro and Nashville. Ideal for investors seeking immediate income with upside potential. *Income & operating expense figures are from 2025.
Properties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (HPG Horner Property Group | Realty Executives, (865) 335 5700). IDX information © 2026 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or HPG Horner Property Group | Realty Executives. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2026-08-09T21:11:02.153.
Based on information submitted to the MLS GRID as of 2026-08-09T21:11:02.153. 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.
Click here for MLS GRID DMCA Notice
Offered by Cannontown Real Estate: .
Copyright 2026 RealTracs, Inc. Information Is Believed To Be Accurate But Not Guaranteed. Listings courtesy of Realtracs MLS as distributed by MLS GRID.