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.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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2,233SQFT
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$215$/SQFT
School Information
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.
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