This 6-unit apartment building sits in the heart of the Columbia Arts District, offering a prime location just steps from the Columbia Arts Building (CAB), the Library, and downtown Columbia. Tenants enjoy a walkable lifestyle, with access to the area’s vibrant culture and amenities. Half of the units are already renovated, with the other half ready for upgrades, giving the property even more potential. The building boasts an 8% pro forma cap rate, making it a smart investment. Initially planned as a “Music Legends” short-term rental, this property’s proximity to The Mulehouse inspired themed units honoring legendary musicians. However, with the current market, it’s now available as a cash-flowing rental property. I’ve taken great care of this building, replacing much of the plumbing and essential fixtures. Properties in this sought-after area don’t last long – seize this opportunity while you can! Please do not disturb the tenants.
The median home value in Columbia, TN is $345,600. This is lower than the county median home value of $376,700. The national median home value is $338,100. The average price of homes sold in Columbia, TN is $345,600. Approximately 54.84% of Columbia homes are owned, compared to 35.49% rented, while 9.67% are vacant. Columbia real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Columbia real estate agent to arrange a tour today!
Columbia, Tennessee 38401 has a population of 40,957. Columbia 38401 is less family-centric than the surrounding county with 30.09% of the households containing married families with children. The county average for households married with children is 31.34%.
The median household income in Columbia, Tennessee 38401 is $50,892. The median household income for the surrounding county is $66,353 compared to the national median of $69,021. The median age of people living in Columbia 38401 is 34.9 years.
The average high temperature in July is 89.7 degrees, with an average low temperature in January of 26.5 degrees. The average rainfall is approximately 56.7 inches per year, with 2.4 inches of snow per year.