This home, built in 1923, is located in an in demand area of East Nashville. The home is only two blocks off of Gallatin Road in an area that is being revitalized. Many new homes are being built in the area. There is also a large building next door to the home with condominiums.
(Example of new, 2 story homes that are nearby with a small footprint)
There are many possibilities for this home, beginning with a major rehab project. The home has nice curb appeal but does need major work on the inside. Flooring, appliances, and most of the inside needs to be worked on. The HVAC system is only a few years old. New windows were installed in 2009. A new 30 year roof was installed in 2006.
The floors could be refinished. They are all the original hardwoods that were in the home when it was built. Some of the hardwood is covered with carpet or vinyl.
Because the lot is in such a prime area of East Nashville, another great possibility for the right person is a complete removal of the house. This would open up a couple of other options for an investor.
Without the present house, it could be explored as an option to build two of the modern two level homes, that have become popular in the area, on the property. There are several new builds within a two block radius.
The lot is .57 of an acre but is 62 x 138, so it is long but narrow. It seems highly possible to position one house on the front of the property and one house behind it, much like a “flag” lot. That would maximize profits.
There is a small building behind the home that has been used as storage and will need cleaning out. That building also could be rehabbed or torn down to make way for a new home. The owner is working to clean out the house and will keep working towards that until it is completed.
This East Nashville rehab is only 3 miles from downtown Nashville. They aren’t making anymore land in the area, so if you’re interested in living so close to downtown and you don’t mind a little work rehabbing or rebuilding, 1206 Litton Avenue may be a good option for you!
If you would like to take a look at this property, have your agent make an appointment. If you don’t have an agent, give me a call. I’ll be glad to make arrangements for you to see this house and property.