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Nuevo Projecto: One More!

Belle Meade, TN

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Belle Meade, TN

My partner and I have secured one more project, and coincidentally it is right down the street from the first Midcentury Modern project in Belle Meade! So, I kind of had the inside scoop. Here is the skinny:

Purchase Price: $1, 175,000
Size: 1 acre, 6000 sq. ft.
Rooms: 5 bedrooms, 5 ½ Baths
Condition: Built in 1991, and in relatively good shape

The funny thing was, it is being sold by this guy: Steve Cates

A long-time well-known builder in Nashville: , so into the inner circle we go. It’s kind of an old boys’ club, I have realized, but the old boys are actually quite welcoming. He purchased it sometime last year, but is giving it up a project because he wants to focus on other projects right now, which is good for us. Here is some of the work he has done:

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This new project is traditional architecture, which is actually quite a bit less risky and more in demand in Belle Meade, so I cam confident that after we get inspections completed, it will be a good project that we can sell over $2,200,000, given it’s size and architectural details. It needs approximately $350,000 worth of work, in a similar time frame to my other Belle Meade project (approximately 3-4 months), putting us back on the market by the end of summer.

Some photos of the current listing:

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Since this is a quick project, we will try to do a fast close, depending on what happens in inspections, wish us luck!

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475 Metroplex drive, suite 109 nashville, TN 37211
email: Catherine@PlatinumSouth.com
email: info@PlatinumSouth.com
Phone:415-987-4666 Location:Nashville