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Listed by Hannah Wray • VOLUME Realty
$479,999
Est. payment /mo
2,233 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,233 sqft
Price per Sqft $214
Subdivision Toddington Hgts Sec 6
MLS Listing ID 3314424
HOA Y/N No
Year Built 1978
Annual Tax Amount $2,886
Lot Dimensions 82 X 192 IRR
Property Description
**Previously appraised for over $500,000!** Income-producing duplex near MTSU generating approximately $4,650 per month in combined income, offering an estimated 11% cap rate at a $500,000 purchase price.
Unit 1408 features 3 bedrooms, 1.5 bathrooms, and a bonus room and is currently leased for $1,900 per month through October 2026. Unit 1406 features 2 bedrooms and 1 bathroom and is being operated as a fully furnished Airbnb, generating approximately $2,750 per month.
Approximately $12,000 in furnishings are negotiable. Major improvements include an HVAC system replaced in 2022 and a new sewer line. The roof is less than 11 years old. There is a assumable loan available at approximately 5.063%.
The property is located in a flood zone; however, the seller reports no history of flooding. An excellent opportunity to house-hack, expand your rental portfolio, or own a strong-performing investment property near MTSU.
Owner/Agent.
Unit 1408 features 3 bedrooms, 1.5 bathrooms, and a bonus room and is currently leased for $1,900 per month through October 2026. Unit 1406 features 2 bedrooms and 1 bathroom and is being operated as a fully furnished Airbnb, generating approximately $2,750 per month.
Approximately $12,000 in furnishings are negotiable. Major improvements include an HVAC system replaced in 2022 and a new sewer line. The roof is less than 11 years old. There is a assumable loan available at approximately 5.063%.
The property is located in a flood zone; however, the seller reports no history of flooding. An excellent opportunity to house-hack, expand your rental portfolio, or own a strong-performing investment property near MTSU.
Owner/Agent.
Location
State TN
County Rutherford County
Zoning Commercial
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Luxury Vinyl
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Black Fox Elementary
Middle Schools Whitworth-Buchanan Middle School
High Schools Oakland High School
Others
Senior Community false
Special Listing Condition Owner Agent
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