Investment Package for Sale - 3 Duplexes - Fully Rented - TN

4055-4057 Powell St, Milan, Tennessee, 38358

* Expired

$595,000

MLS: 41019-23002

0.38 Acres

1,900 SqFt

4 beds

2.0 baths

What You Should Know

  • Duplexes For Sale in Milan, TN

  • Duplexes For Sale in Milan, TN

  • Investment Package - 3 Units

  • Updated and Well Maintained

  • Six Total Doors - $750 each

  • Annual Income - 8% +/- CAP

  • $4500 month / $54,000 annual

  • Convenient Location to Schools

Why You'll Love It

Well Maintained Investment Package For Sale in Milan, Tennessee. 3 Total Duplexes currently generate a total income of $4500 monthly / $54,000 yearly Income. 6 total rentable units (fully leased) at $750 per unit. Each Unit is 2 BR / 1 BA and approx. 1000 +/- sq. ft. Units are well maintained by the owner. New flooring, new roof on one of the duplexes, all HVAC units regularly maintained and serviced. One unit has attached carports. All appliances in the units are to remain with the sale. These properties are located within a 1 block of one another and within close proximity of Milan Elementary and Milan Middle School. If you are looking for a well maintained package with consistent cash flow, check out these units. CAP Rate 8% +/- after taxes, insurance, and routine yearly maintenance. 

Where You'll Find It

  • Street Address: 4055-4057 Powell St
  • City: Milan
  • State: Tennessee
  • County: Gibson

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Bradley Arnold

Broker I Owner I Realtor©
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