502 Adams Street

Fayetteville, TN 37334

$247,700
Price
4
Beds
3
Baths
2,230 Sq. Ft.
$111 / Sq. Ft.
2,230
Sq. Ft.
$111
per Sq. Ft.

Description

Investment property in a great location! Brick home currently used as a duplex Unit a- 2 bed/2bath Unit b 2 bed 1 bath Both units have been updated & come equipped with a full kitchen & washer/dryer hookups Lots of options with this home - live in one unit while renting out the other to offset mortgage costs, consider converting the property back to a single-family dwelling for increased living space, or continue to rent both tenant occuped units generating immediate rental income!Investment property in a great location! Brick home currently used as a duplex Unit a- 2 bed/2bath Unit b 2 bed 1 bath Both units have been updated & come equipped with a full kitchen & washer/dryer hookups Lots of options with this home - live in one unit while renting out the other to offset mortgage costs, consider converting the property back to a single-family dwelling for increased living space, or continue to rent both tenant occuped units generating immediate rental income!
  1. Listed by Christy Ann Harris • Cumberland Real Estate LLC • 6157754028
  2. Listed by Drew Boggs • Cumberland Real Estate LLC

Property Details for 502 Adams Street

Subdivision Name
NONE
Waterfront
No
LISTING UPDATED: 10/31/2024 08:48 AM

Property Details for 502 Adams Street

StatusActive
MLS #2754139
Days on Market14
Taxes$1,485 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size-
CountyLincoln County

Building Information for 502 Adams Street

Stories1Residences2Year Built1940Building Size-Lot Size-

Property Information for 502 Adams Street

Summary
Location and General Information
  • Directions: FROM FAYETTEVILLE SQUARE GO EAST ON MULBERRY AVE, TURN RIGHT ON ADAMS STREET
  • Elementary School: Ralph Askins School
  • High School: Fayetteville High School
  • Levels: One
  • Living Area Source: Owner
  • Living Area Units: Square Feet
  • Middle Or Junior School: Fayetteville Middle School
  • Mlg Can View: Yes
  • Zoning: REN
Parking
  • Garage Spaces: .00
  • Parking Features: Attached
  • Parking Total: 1.00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Owner
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Owner
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Owner
  • Building Area Units: Square Feet
  • Flooring: Carpet, Vinyl
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 080A D 01800 000
  • Structure Type: Duplex
Property and Assessments
  • Construction Materials: Brick
  • Documents Count: 0
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Stories: 1
  • Year Built Details: EXIST
Utilities
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Electric
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Fireplace: No
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
Exterior Features
  • Attached Garage: No
  • Carport Spaces: 1
  • Carport: Yes
  • Covered Spaces: 1.00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • Roof: Asphalt
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Unit 1
  • Unit Type Actual Rent: $825.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Rental Information
Rental Information
  • Total Actual Rent: $1,775

Property History for 502 Adams Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 502 Adams Street

Taxable ValueLand$2,700Additions$29,025Total$31,725
Tax Record2022$1,143 ($95 / month)
Home Facts
Beds0Total Finished SqFt2,230 SqFtAbove Grade Finished SqFt2,230 SqFtUnfinished Basement SqFt468 SqFtStories1Lot Size16,350 SqFtStyleSingle Family ResidenceYear Built1940Year Renovated1979CountyLINCOLNAPN080A D 01800Fireplace TypeHas Fireplace

Schools near 502 Adams Street

This home is within Fayetteville School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 11
Rating
School
Distance
Ralph Askins School
PublicPK to 5

Fayetteville Middle School
Public6 to 8

Fayetteville Junior High School
Public9 to 12

Heritage Baptist Academy
PrivatePK to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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502 Adams Street is a multi-family home for sale in Fayetteville, TN 37334. This property was listed for sale on October 30, 2024 by Cumberland Real Estate LLC, it's currently listed at $247,700. It has been on the market for a total of 14 days and was last sold on April 24, 2023. This listing's school district is Fayetteville School District. Nearby schools include Ralph Askins School, Fayetteville Middle School and Fayetteville Junior High School. 502 Adams Street is a 4-bed, 3-bath, 2,230 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cumberland Real Estate LLC, Christy Ann Harris (615.775.4028); Cumberland Real Estate LLC, Drew Boggs (615.423.3515)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 10/31/2024 08:48 AM