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321 Larkin Springs Rd Madison, TN $ 4,000,000
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$ 4,000,000 Get more info
321 Larkin Springs Rd
$ 4,000,000
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New Construction
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321 Larkin Springs Rd

Madison, TN, 37115
$ 4,000,000
Bedrooms16 Baths12.0

Monthly Estimate*

$ 26,585

321 Larkin Springs Rd, Madison, TN 37115 - Image 1

Multi-Family Home for sale in Madison, TN

for $4,000,000 with 16 bedrooms and 12 full baths. This home was built in 2024.

This Property combined 3 Parcels of Raw Land ONLY ( MUL-A ZONING ) which has NO restrictions on building 70 separate units of NON OWNER OCCUPIED SHORT TERM RENTALS or STR's or you could build Apartments with this current zoning. 5.95 acres Plans are fully approved by Metro for 70 units of Townhomes. PLUS there are 3 parcels to build single family homes that cannot be Short Term Rentals . For a Total of 73 units. (70 Townhomes and 3 single family homes )on all 3 parcels. We have all engineered drawings from Dale and Associates. We also have bids from our dirt and infrastructure contractors and bids to construct the vertical buildings. From those bids we feel the cost will be105k per build ready pads (built in 4 separate phases) that includes the land and infrastructure. #1 Phase is 17 Units. This is an extremely different kind of land because land zoned MUL-A is normally apartment developments. I would Possibly be interested in a partnership/JV

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Multi-Family Active

Price

$ 4,000,000

Bedrooms

16

Full Bath

12

Property Type

Multi-Family

Taxes

$ 2,342

Style

Multi Family

Year Built

2024

Town/City

Madison

County/Region

Davidson

MLS | Web ID

2652326
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Water Available
Possession Close Of Escrow
Zoning MUL-A
Garage Spaces 2
Construction Materials Other
Year Built 2024
View City
Stories 1
Levels Three Or More
Gross Income 0
County Davidson County TN
Net Operating Income 0
Operating Expense 0
New Construction Y
Property Type Residential Income
Association Amenities Pool
Attached Garage Y
Subdivision Name Larkin Springs Short Term Rentals
Garage Y/N Y
Status Active
Directions It's 4 miles from The Home Depot in East Nashville to the property Go Gallitan Pike 3.3 miles out of East Nashville Toward Madison Tn Turn Right on Neely's Bend go 1.6 miles Turn Left on Larkin Sprin
High School Hunters Lane Comp High School
City Madison
View Y/N Y
Total Units 73
Waterfront Y/N N
Carport Y/N N
Street Name Larkin Springs Rd
Elementary School Neely's Bend Elementary
Property Attached Y/N Y
Year Built Details NEW
Tax Annual Amount 2342
Middle/Junior High School Madison Middle
Days on Market 2
Building Area Units Square Feet
Standard Status Active
Total Actual Rent 0
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Interior
Flooring Other
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 0
Full Baths 0
Half Baths 0
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 0
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 0
Living Area Units Square Feet
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Exterior
Parking Features Attached - Rear
Water Source Public
Total Parking 2
Inclusions OTHER
Building Area Total 0
Lot Dimensions 227 X 734
Lot Size Units Acres
Covered Spaces 2
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Internal Only
Street Number 1 321
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* Excluded Features
List By
Exp Realty

Broker

Jaynelsonteam.dean@gmail.com

Email

Affordability Calculator

$26,780
Per Month
99%
1%
0%
Monthly Principal & Interest
$26,585
Monthly Property Taxes
$195
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4313780 Elementary School
4313268 Middle School
Hunters Lane Comp High School High School
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Pricing History
DatePricePrice ChangeDescription
5/7/2024$4,000,000 Listed Price

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321 Larkin Springs Rd, Madison, TN, 37115 is a Multi-Family Home for sale at $4,000,000. 321 Larkin Springs Rd has 16 bedrooms, 12.0 baths, and was built in 2024. The property's zip code is 37115 which is in Madison, TN

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