151 Covington Ln, Dickson, TN 37055
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151 Covington Ln, Dickson, TN 37055
151 Covington Ln, Dickson, TN 37055
151 Covington Ln, Dickson, TN 37055
151 Covington Ln, Dickson, TN 37055
CIC Tennessee
CIC Tennessee

Broker | License ID: 231726

+1(833) 242-7007

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Listed by William (Trey) Sugg • Realty One Group Music City
Bought with NONMLS

$ 750,000

$ 789,900 5.1%

Est. payment /mo
Sold on 07/24/2026

151 Covington Ln Dickson, TN 37055

5,491 SqFt

UPDATED:

Key Details

Sold Price $750,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,491 sqft

Price per Sqft $136

Subdivision County

MLS Listing ID 3008963

Year Built 1983

Annual Tax Amount $3,349

Property Description

STABILIZED MIXED-USE | COMMERCIAL ZONING | CASH FLOWING

Currently generating ~$7,900/month gross income with 5 of 6 income streams occupied.

Income breakdown:
4 renovated 2BR / 1.5BA apartments at $1,600 each ($6,400 total)
2,700 sq ft warehouse/commercial space leased at $1,500
Separate garage/storage unit vacant with ~$389 monthly potential

At full occupancy gross reaches ~$8,289/month, exceeding the 1% rule at the current $789,900 price and supporting strong 8–10%+ cap rates.

Tenants pay all utilities (individually metered)

Situated on 5.1 acres with commercial zoning and no HOA, the property offers a rare mixed-use combination of residential apartments, commercial warehouse space, and expansion land in a quiet setting just minutes from Dickson and about 1 hour west of Nashville.

Recent infrastructure improvements include a septic system upgrade with new tank and field lines to support the property's multi-unit capacity.
Majority of HVAC systems replaced within the past 5 years.

Turnkey investment with proven rents.
Appliances convey.

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VALUE-ADD OPPORTUNITIES

Rent the garage/storage unit (~$389/mo potential)
Utilize the unfinished basement areas for storage or finish for extra living space
Add RV pads with utilities
Develop storage units or contractor yards (commercial zoning)
Clear additional land for cabins, glamping, or additional structures

Location

State TN

County Dickson County

Zoning Commercial

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Laminate

Exterior

Garage Spaces 2.0

Utilities Available Water Available

View Y/N false

Roof Type Shingle

Building

Story 1

Sewer Septic Tank

Water Private

Structure Type Brick

New Construction false

Schools

Elementary Schools Centennial Elementary

Middle Schools Dickson Middle School

High Schools Dickson County High School

Others

Special Listing Condition Standard

RealTracs IDX
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CIC Tennessee

CIC Tennessee

Broker | License ID: 231726

+1(833) 242-7007

GET MORE INFORMATION

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Phone*
Message

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151 Covington Ln

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