Robert Lippert
BEDS0
BATHS
SQUARE FEET1,980
MLS#3309134
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Fully Rented - Turnkey Duplex in Portland, TN that has been meticulously maintained! 6% CAP rate. Each unit features a functional layout with 2 bedrooms, 1.5 baths, and modern kitchens equipped with stainless steel appliances, including a refrigerator, stove, microwave, and dishwasher. The property is designed for efficiency with individual meters for all utilities-paid by tenants-and is connected to city water and sewer with no HOA fees. Landlord does currently pay to have the small yard maintainted. Units have washer and dryer connections, concrete parking pad and their own entrances. Please respect tenant privacy and DO NOT DISTURB TENANTS. One side is currently occupied by tenants for $1500/month rent and the other side is rented for $1,300/month. Property is Section 8 approved. The property is being sold as-is - inspections welcome. Showings are available with proof of funds and 24 hr notice. This turnkey opportunity offers a rare blend of modern construction and immediate cash flow.Note that photos provided are from 2023 prior to leasing.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 62X72 M
Roof Type: Shingle
Stories: 2.0
Taxes: $3,601
Year Built: 2022
Feature Descriptions
Days on Site: 1
Exterior: Hardboard Siding
Flooring: Concrete, Luxury Vinyl
Laundry: Individual, Electric Dryer Hookup, Washer Hookup
Lot Dimensions: 62X72 M
Parcel#: 033J F 01100 000
Parking: Concrete
Parking Notes: Concrete
Sewer: Public Sewer
Units: 2
Utilities: Water Available
Water: Public
Local Schools
High School: Portland High School
Middle School: Portland East Middle School
Elementary School: J W Wiseman Elementary
Listed By / Shown By
Listed By
Agency Name: Real Broker
Agency Phone: 8445917325
Shown By
Agent Name: Robert Lippert
Agent Phone: (615) 801-3711
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 1,344.74 per month $923.61 Principal & Interest $300.08 Property Tax $121.04 Homeowner's InsuranceChange Payment Information
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114 Wix Ave | MLS# 3309134
This multi-family property located at 114 Wix Ave , Portland, TN 37148 is currently listed for sale with an asking price of $415,000. Search Portland real estate on www.robertlippertrealtor.com today.