1430 Powell Grove Rd , Lebanon, TN 37090
Lebanon, TN 37090
Description
PREMIUM LOCATION INVESTMENT OPPORTUNITY: 1.23 +/- Acre Private Oasis with Endless Potential Discover a rare and versatile investment, perfect for a rental property your new custom home site. The lot is partially wooded and nestled along Powell Grove Road, offering a serene setting with lush mature trees and shrubs that create a private, secluded feel while maintaining convenient access to major highways and urban amenities. Located just off Highway 109, this property provides the perfect balance between peaceful rural living and city accessibility. The property is only 3.7 miles to I-40, ensuring an easy commute to surrounding areas, and 16 miles to Nashville International Airport (BNA), ideal for frequent travelers and professionals. Additionally, it is in close proximity to growing commercial and residential developments, adding long-term value to your investment. This expansive lot provides multiple opportunities, whether you’re looking to develop a high-income rental property, build a dream home, or renovate and flip the existing structures. A charming log-style detached carport is already on the property. With approximately 840 sq. this structure presents a fantastic opportunity for conversion into a tiny home, guesthouse, studio, or workshopan excellent value-add for future homeowners or rental income potential. The existing 3-bedroom, 2-bathroom fixer upper manufactured home is a perfect for investors seeking to renovate and capitalize on the strong demand for rental properties in this growing area. It features a durable metal roof, adding longevity and protection from the elements, and a spacious layout suitable for a variety of uses, from primary residence to rental property. BUYING TERMS will need to be cash or conventional because mobile home does not have a permanent foundation. WILL NOT GO FHA, VA OR USDA. We have lenders on standby that will fund this deal for buyers with at least 20% down. Seller date of deed depending on how fast buyer will close.
Details
| MLS# | 2794920 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 34 |
| Listing Provided By | RE/MAX Choice Properties | Joseph Goodman CRS,ABR,GRI,SRES,SME |
Features
| Zoning | R |
|---|---|
| Acreage | 1.20 |
Market Activity 37090
Listings courtesy of RealTracs MLS as distributed by MLS GRID.
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Learn More About This Property
| State | TN |
|---|---|
| County | Wilson County |
| City | Lebanon |
| Zip Code | 37090 |
| Area | Wilson County | TN |
| Community Name | Bates Property |
| School District | Wilson Central High School |
| Elementary School | Southside Elementary |
| Middle School | Southside Elementary |
| High School | Wilson Central High School |
| Listing VS Median (In Bates Property) | |
Price: $279,000 low | high Med: $279,000 On site: 34 low | high Med: 48.000000 | |