114 Wix Ave, Portland, TN 37148
- $415,000
- 1,980
- SqFt
- List Price
- $415,000
- MLS#
- 3309134
- Days on Market
- 1
- Property Type
- Multifamily
- Sqft. of Residence
- 1,980
- County
- Sumner County
- Status
- ACTIVE
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.
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Additional Information
- Construction Type
- Hardboard Siding
- Cooling System
- Central Air
- Elementary School
- J W Wiseman Elementary
- Floor Types
- Concrete, Luxury Vinyl
- Heating System
- Central
- High School
- Portland High School
- Junior High School
- Portland East Middle School
- Laundry
- Individual, Electric Dryer Hookup, Washer Hookup
- Living Area
- 1,980
- Lot Dimensions
- 62X72 M
- Number Of Stories
- 2
- Roofing Material
- Shingle
- Sewer System
- Public Sewer
- Tax Amount
- $3,601
- Water Source
- Public
- Year Built
- 2022
- Zoning
- RES
- Type
- Multifamily
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