708 S 14th St, Nashville, TN 37206, Nashville, 37206 - 0 bed, 0 bath
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Nashville, TN 37206
This Opportunity Zone Duplex is a strategic Asset Acquisition in East Nashville, listed at $650,000. While positioned above the $532,627 Fair Market Value, the price reflects the property's HPR Deeded status and a prime 50x153 lot with alley access. Currently maintaining a Condition Rating of 4, the dual-metered units provide immediate rental income near Kirkpatrick Elementary, Bailey Middle, and Stratford High. This property offers significant Value-Add potential through redevelopment or tax incentives, making it an ideal play for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 708 S 14th St Subject | $650,000* List Price | 0 | 0 | 1,742 | $306 | - |
A 1608 Shelby Ave Sold | $550,000 | 0 | 0 | 2,041 | $269 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this property falls within the 25-40 year age bracket typical of the 'fair' condition category. While the units are functional and currently leased, the provided images show dated bathroom fixtures, basic cabinetry, and minor cosmetic issues such as unpainted wall patches. The exterior and systems are described as dated, suggesting that while the property is maintained, it has not undergone a comprehensive modern renovation.
The property is located in an 'Opportunity Zone,' providing significant tax advantages and capital gains incentives for long-term investors.
Being HPR Deeded with a 50x153 lot and alley access, the property offers excellent flexibility for future redevelopment or individual unit sales in a high-demand area.
With separate water and electric meters already installed and both units currently leased, the property provides immediate cash flow with simplified utility management.
The requirement to submit offers contingent on viewing, combined with the strict 'do not walk property' instruction, limits initial physical inspection and may deter some buyers.
Built in 1987, the property may require capital expenditures for modernization or system upgrades to remain competitive with newer developments in East Nashville.
DO NOT WALK PROPERTY OR TALK TO TENANTS!!! "Opportunity Zone" and HPR Deeded. Property was built as a duplex and has 2 water meters and 2 electric meters. Each unit has a kitchen, living room, 2 bedrooms, 1 bathroom, and laundry hookups in kitchen. Both sides currently leased. Lot is 50x153 with alley access. Please submit offers contingent on viewing/inspection once accepted offer.
No exterior & parking available.
Grades PK-4 • 0.2 mi
Grades 5-8 • 1.7 mi
Grades 9-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,742 | 2,925 | 14% |
| Lot Size | - | - | 50% |
| Price | $650.0K | $585.0K | 86% |
| Price per sq ft | $373 | $200 | 86% |
| Built year | 1987 | 1964 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 1436 | 372 | 0% |
May 18, 2022
$650,000
Initial Listing